Voters Monetary Team, Inc. (NYSE: CFG) introduced a definitive settlement to buy make a selection belongings and liabilities of Paladin Advisors, an unbiased, registered funding consultant headquartered in Kensington, New Hampshire. This acquisition strengthens Voters’ presence in crucial geography, whilst bringing further funding features to the Clarfeld | Voters Non-public Wealth workforce.
“This acquisition will beef up our wealth control trade, as we achieve further achieve and Paladin’s recent asset allocation funding technique, which enhances our established means,” mentioned Chris Weyrauch, Head of Voters Wealth Control. “We’re excited to welcome any such gifted workforce and feature them sign up for our well-regarded, speedy rising wealth control platform.”
“Guided through a philosophy of duty, transparency and session, Paladin prioritizes cautious funding control and complete monetary recommendation for discerning purchasers who’re searching for customized wealth control services and products,” mentioned Karen Parker Feld, CEO, Paladin Advisors. “We will be able to increase upon that undertaking with Voters, bringing further services and products to purchasers, a difficult-to-replicate worth proposition for any unbiased consultant.”
The transaction is anticipated to near within the 3rd quarter of 2022, topic to commonplace remaining phrases and prerequisites. Upon remaining, Paladin Advisors will develop into a part of Clarfeld | Voters Non-public Wealth.
Supply: Voters Financial institution