In a significant move within the wealth management sector, Carson Group, a prominent registered investment advisor (RIA) headquartered in Omaha, Nebraska, with approximately $58 billion in assets under management, has welcomed an established team from LPL Financial. This influx, representing $320 million in assets under management, further solidifies Carson Group’s expansion strategy and highlights a continued trend of advisor movement within the industry. The newly integrated entity, Tungsten Wealth Management, will continue to operate under the leadership of its founding partners, Shawn Peschke and Rob Frits, who are both seasoned wealth advisors. They will be joined by four additional advisors, creating a more robust and comprehensive service offering for their clientele.
The relationship between Tungsten Wealth Management and Carson Group is not a new one, suggesting a deliberate and well-considered integration. Shawn Peschke’s connection with the firm dates back to 2005, when he first met Carson founder and Chairman, Omani Carson. This long-standing rapport culminated in Peschke’s firm enrolling in Carson’s esteemed advisor coaching program in 2018. This prior engagement likely provided Tungsten Wealth Management with a deep understanding of Carson Group’s operational philosophy, technological infrastructure, and client-centric approach, paving the way for a seamless transition.
"Working with Carson allows us to preserve our close-knit, family-oriented firm culture while gaining access to more advanced technology, tax planning capabilities and regulatory support," stated Peschke in an official release, underscoring the strategic advantages of the partnership. This sentiment reflects a common motivation among RIAs seeking to scale their operations without compromising the personalized service that often defines their brand. The ability to leverage Carson Group’s sophisticated technological platforms and specialized expertise in areas like tax planning is crucial in an increasingly complex financial landscape. Furthermore, enhanced regulatory support can alleviate a significant burden for advisory firms, allowing them to focus more intently on client needs.
Peschke and Frits established Tungsten Wealth Management in 2017, following a period of exploration that included meetings with LPL Financial in 2007. Their firm has cultivated a significant presence across multiple states, with offices strategically located in Edmond and Tulsa, Oklahoma; Bentonville, Arkansas; and Lafayette, Louisiana. This multi-state footprint indicates a well-diversified client base and a proven ability to manage operations across different geographic regions. The integration with Carson Group is expected to amplify this reach and service capability.
This acquisition by Carson Group is part of a broader strategic initiative to enhance its market position and service offerings. The wealth management industry is experiencing a period of significant consolidation, driven by various factors including the increasing cost of technology, the need for robust compliance frameworks, and the desire among advisors for greater scale and support. Firms like Carson Group are actively seeking to partner with successful, growth-oriented advisory teams that align with their vision and values.
Carson Group’s recent expansion efforts have been notable. Earlier in the month, the firm announced the addition of Ryan Roloff, president and wealth advisor at Roloff Retirement Solutions, as an independent advisor based in Las Vegas. Roloff, who previously operated within the tech-focused RIA Farther, cited Carson Group’s "continued investment in technology and AI capabilities designed to enhance advisor efficiency and elevate the client experience, as well as its collaborative community of growth-oriented advisors" as key drivers for his move. Roloff’s practice manages nearly $90 million in client assets, further contributing to Carson Group’s growing portfolio. The emphasis on technology and artificial intelligence underscores a forward-thinking approach, aiming to equip advisors with cutting-edge tools to better serve their clients and streamline operations.
Focus Financial Partners to Acquire EverNest Financial Advisors, Bolstering Wealth Management Offerings
In another significant development, Focus Financial Partners, a global player in wealth management, family office, and business management services with an impressive $500 billion in advised assets, has announced its intention to acquire EverNest Financial Advisors. This proposed acquisition, through its subsidiary Focus Partners Wealth, will bring EverNest Financial Advisors, a Carmel, Indiana-based firm managing $960 million in client assets, under the Focus Financial umbrella. The transaction is anticipated to be finalized in the third quarter, marking another substantial addition to Focus Financial’s extensive network.
EverNest Financial Advisors provides a comprehensive suite of financial planning and investment services tailored to individuals, families, foundations, and endowments. The firm is led by Managing Partner Frank Esposito, whose leadership has been instrumental in EverNest’s growth and success. Esposito expressed enthusiasm for the impending integration, stating, "As we sought opportunities to expand capabilities for our clients and provide more expansive career pathing for our team members, Focus was a clear fit." This statement highlights the dual benefits of such acquisitions: enhanced client services and improved professional development opportunities for employees.
EverNest’s recent history includes a period with Sanctuary Advisors, a subsidiary of Sanctuary Wealth, for approximately one year until 2023, after which it transitioned. This move to Focus Financial Partners is strategically important for expanding Focus’s presence in the greater Indianapolis area, a region identified as a key growth market. Focus Financial Partners itself has undergone leadership changes, with CEO Adam Birenbaum assuming the role in December 2025, succeeding Michael Nathanson. The firm’s ownership structure, with majority ownership by private equity firm Clayton, Dubilier & Rice and a minority stake held by Stone Point Capital, provides it with substantial resources and strategic direction to pursue growth opportunities.
Brooklyn FI Secures Minority Stake from Accelerated Wealth Partners, Targeting Tech Employees
Brooklyn Fi, a burgeoning registered investment advisor established in 2018 and managing $563 million in assets, has recently entered into an agreement to sell a minority stake to Accelerated Wealth Partners. This strategic investment will empower Brooklyn Fi, a firm with a distinct focus on serving tech employees, founders, and creatives, to accelerate its growth trajectory. The firm specializes in navigating the complexities associated with equity compensation, including IPOs, acquisitions, tender offers, and secondary transactions, as well as the intricate tax and planning considerations that follow.
The Brooklyn-based RIA boasts a team of 17 professionals dedicated to providing specialized financial advice. Founded by Ally Jane (AJ) Ayers and Shane Mason, Brooklyn Fi has garnered industry recognition, including the advisory firm of the year award from the XY Planning Network in 2021. The XY Planning Network is a prominent fee-only member platform geared towards supporting emerging advisors.
AJ Ayers articulated the firm’s strategic priorities following the investment: "Our core priority is organic growth driven by expanding our capabilities for clients, accomplished by hiring across sales, planning and tax. Second, and importantly, is technology—continuing to build out our tax-integrated planning stack and AI infrastructure, which is where we think the next decade of advice gets won. Third, selective M&A—we are having active conversations with firms whose clients and culture fit ours, and the capital gives us flexibility to move when the right opportunity comes along." This multi-pronged approach emphasizes talent acquisition, technological advancement, and strategic acquisitions as key pillars for future expansion.
Brooklyn Fi’s success is rooted in its deep understanding of its niche clientele. Ayers highlighted the firm’s unique approach to thought leadership, stating, "Our thought leadership is not generic financial advice. It comes from sitting across the table from a Google engineer working through a concentrated stock position, or a Notion employee preparing for a tender offer, or a recently-public company’s first cohort of newly-liquid millionaires. When we write or speak about equity comp, it is because we just spent the morning solving for it. That is what makes the content resonate with clients and with peers in the industry." This client-centric, experience-driven content generation fosters trust and positions Brooklyn Fi as a leading authority in its specialized field.
The investment from Accelerated Wealth Partners marks their second minority stake acquisition since securing a $200 million capital commitment from J.C. Flowers in March. Accelerated Wealth Partners, founded by Eric Amar, a former acquisitions and deal-related activities professional at Focus Financial Partners, also benefits from the expertise of Jonathan Fass, vice president of finance, another Focus alumnus. Amar expressed confidence in Brooklyn Fi’s future, noting that the firm "has chosen a niche that is only going to expand as more wealth is created through equity compensation, and they have the team, the brand, and the technology to become the definitive authority in that space." This strategic alignment suggests a shared vision for growth and market leadership.
LPL Financial Attracts Soundview Wealth Management Team with $600 Million in Assets
LPL Financial, a leading independent broker/dealer and registered investment advisor, has successfully recruited a substantial team from D.A. Davidson. The team, operating as Soundview Wealth Management and comprising financial advisors Michael Stevenson, David Johnson, and Nikko Gronhovd, is bringing approximately $600 million in advisory, brokerage, and retirement-plan assets to LPL’s platform. This move signifies LPL’s continued success in attracting established advisory groups seeking a robust and flexible platform.
Soundview Wealth Management distinguishes itself through its commitment to multi-generational client relationships, assisting families with wealth transitions and guiding younger clients in their initial investment journeys. The firm’s decision to move to LPL Financial was driven by a desire to "enhance their technology and operational flexibility." This rationale aligns with the evolving needs of advisory firms that require advanced tools and adaptable infrastructure to meet diverse client demands.
Michael Stevenson, who had been with D.A. Davidson for approximately seven years, elaborated on the decision-making process: "They walked us through their technology, the platform’s flexibility, and how it supports the way we want to work with clients. Just as important, they outlined a transition plan that felt clear and manageable for the people we serve." The emphasis on a clear and manageable transition plan is critical for ensuring minimal disruption to client services and maintaining client confidence.
LPL Financial’s expansive network now includes over 32,000 financial advisors, serving and custodying approximately $2.3 trillion in brokerage and advisory assets. This scale provides a significant advantage for advisors seeking a partner with extensive resources, robust technological capabilities, and a broad support infrastructure. The firm’s growth has been fueled by a combination of strategic recruiting and accretive acquisitions, positioning it as a dominant force in the independent advisor channel. The ongoing movement of substantial teams like Soundview Wealth Management to LPL Financial underscores its appeal as a premier destination for advisors seeking independence and comprehensive support. The continuous flow of assets into LPL’s platform reflects its ability to attract and retain top talent in a competitive market.
