Carson Group Acquires Michigan $314 Million AUM Firm, Expanding Midwest Presence
Carson Group, a wealth advisory firm with nearly $41 billion in assets under management has fully acquired Mommaerts Mahaney Financial Services. Led by founder Jon Mommaerts, CFP, the Marquette, Mich., -based firm serves approximately $314 million AUM and will rebrand as a Carson Wealth office in Marquette.
“Today marks an exciting milestone for Carson Group as the Mommaerts team chooses to become wholly owned and place their trust in us long term,” said Burt White, chief executive officer of Carson Group since April 2024. “Jon has done an impressive job growing his team and his business, and this transition will allow him to focus more on the firm’s clients while allowing us to manage daily business operations. We’re here to make things easier for our advisers and partners, and we’re thrilled to be able to do this for our new Carson Wealth office in Marquette.”
According to Carson Wealth, clients will continue to receive the same quality service, with added benefits as advisers can access Carson’s full ecosystem to provide a broader range of experiences. Carson Group will also provide strategic support to help Mommaerts grow and scale the practice.
“We’ve partnered with Carson Group because they share our values and are committed to providing the resources we need – including technology, back-office support and systems access,” said Mommaerts. “This new partnership will allow us to continue to provide the highest level of care for the clients who have been with us every step of the way. We remain deeply committed to serving our community, and with Carson’s support and innovative tools, we can focus even more on our clients while continuing to grow and thrive.”
The acquisition marks the latest in a series of announcements from Carson Group, further expanding its presence in the Midwest.
In January of this year, Carson Group announced that its Carson Wealth Chicago location would transition to being wholly owned by Carson Group. Carson Wealth Chicago, under the leadership of Mark McCallum, grew from $163 million in AUM in 2019 to more than $1 billion at the end of 2024.
“When we’re looking for a partner to acquire, we’re looking for someone who will be a great partner today but also in the future as they continue to grow the practice,” said Michael Belluomini, senior vice president of mergers and acquisitions at Carson Group. “It was clear to us that Jon and his team will continue to deliver outstanding financial planning with a strong focus on tax strategies, investment management, and estate planning.”
Alaris Acquisitions served as exclusive mergers and acquisitions adviser to Mommaerts.
Carson Group serves more than 51,000 client families among its advisory network of 150+ partner offices, including more than 50 Carson Wealth locations.
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