Carson Continues Rocky Mountain Expansion With Acquisition of $608M Wealth Advisory
Carson Group announced the acquisition of Aveo Capital, a wealth advisory firm based in Englewood, Colo. The firm manages approximately $608 million in assets and will rebrand as a Carson Wealth location.
Managing partner Keys Tinney, CFP, co-founded the firm in 2011 with partners Brian Rorick and Michael Beerman. By providing holistic advice and sophisticated wealth management solutions, Carson Group said Aveo has built a reputation for helping individuals, families, and business owners navigate complex financial decisions with clarity and confidence.
“From our initial meeting with Keys and his partners, we recognized their unwavering dedication to delivering value for clients, which makes them an ideal fit for the Carson Wealth network,” said Burt White, chief executive officer of Carson Group. “As a built-in extension of their team, Carson will orchestrate support from industry-leading practitioners and in-house experts to help the Englewood team provide personalized services and enhanced experiences for clients.
Aveo’s leadership spoke of needing to transition to a more unified team, or group, in order to offer clients services and solutions at a high level.
“Carson had everything we envisioned for Aveo already built, tested and ready to implement. The scale, innovative technology, holistic tax planning services and advanced investment capabilities will allow us to grow for generations to come,” said Tinney. “We also look forward to tapping into Carson’s added marketing support to help us expand outreach and host events for clients and prospects.”
Rorick added, “We’re proud of our amazing team of partners and wealth advisers, all who are different timelines and stages of our careers. Someday we’ll retire, and it’s important for us to have a succession plan in place. Our partnership with Carson creates a transition plan in a way that gives clients peace of mind that they will be taken care of well beyond the current team in place.”
This acquisition further strengthens Carson Wealth’s growing presence in the Rocky Mountain region; last month, it acquired Littleton, Colo.-based Wambolt & Associates, which manages roughly $570 million in assets and focuses on tax reduction strategies.
The move also underscores its ongoing commitment to building partnerships with independent advisory firms nationwide. At the beginning of the year, Carson Group announced that its Carson Wealth Chicago location, with $1 billion in assets under management, would become wholly owned by Carson Group.
“The Englewood team’s proactive approach to succession planning and commitment to developing the next generation of financial advisers aligns seamlessly with our long-term vision,” said Michael Belluomini, Carson Group’s senior vice president of mergers and acquisitions. “We’ve been impressed by their proven ability to recruit new advisers, which contributes to our inorganic growth goals. At Carson, we are dedicated to helping advisory firms accelerate growth, enhance operational efficiency and ultimately deliver world-class experiences.”
Carson Group manages over $42 billion in assets and serves more than 54,000 client families among its advisory network of 150+ partner offices, including more than 50 Carson Wealth locations.
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