Carson Group Acquires $1B AUM Carson Wealth Chicago

Wealth advisory firm Carson Group announced that its Carson Wealth Chicago location will transition to being wholly owned by Carson Group.

Carson Group manages more than $40 billion in assets and serves more than 51,000 client families among its advisory network of 150+ partner offices, including more than 50 Carson Wealth locations.

Carson Wealth Chicago, under the leadership of Mark McCallum, has grown from $163 million in asset under management in 2019 to more than $1 billion at the end of 2024. The firm attributes the growth to its mergers and acquisition strategy, which has been supported by Carson Group’s enhanced resources to scale operations as the firm grows.

“The Carson Wealth Chicago office demonstrates the type of radical scale advisers can achieve via strategic leadership, robust client relationships, and an effective growth strategy,” said Burt White, chief executive officer of Carson Group.

This latest activity demonstrates Carson Group’s continued focus on growth as earlier this month, Carson Group expanded its partnership and fully acquired Carson Wealth Cedar Rapids, including Cedar Rapids’ Las Vegas office.

“Of course, this type of exponential growth comes with operational challenges in maintaining the level of service clients have come to expect, along with all the resource-intensive demands of running a rapidly growing business,” added White. “This is where Carson Group comes in; we empower our advisers with access to our extensive support network, a deep bench of resources, and tools that enable consistent growth and scale.”

With five locations and more than 15 advisers, Carson Wealth Chicago saw the transition to becoming wholly owned by Carson Group as a natural evolution.

“Continuing our commitment to personalized, high-quality client service is paramount to our success,” said Mark McCallum, managing partner and wealth adviser. “Our decision to evolve our partnership with Carson Group will allow us to streamline our operations and focus on delivering even greater value to clients while continuing our expansion in the region through acquisitions. We’re excited about the next step in our journey.”

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