Carson Group has acquired True North Financial, a registered investment adviser based in Billings, Mont. with about 400 million dollars in assets. The deal adds a second Billings location for Carson Wealth, one of three branches of the Carson Group, and marks its sixth acquisition of the year.
True North Financial is comprised of a six-person team led by Managing Partner and wealth advisor Ty Vogele and wealth advisors David Guenthner and Ryan Wittman. The team will operate as Carson Wealth | True North Financial.
Vogele and Wittman started True North in 2015 as a practice affiliated with Ameriprise Financial. They broke away to launch their RIA in 2020, with Guenthner joining earlier this year.
The team now has access to Carson's investment strategies, advanced tax planning and estate planning resources.
“As counselors, we often find ourselves wearing many hats,” Vogele said in a statement. “We were struggling with balancing customer needs, strong growth and day-to-day demands. Now, we have the resources and support to deepen client relationships and explore innovative financial planning solutions. We believe this partnership will take our practice to the next level.”
Based in Omaha, Neb., Carson Group was founded in 1983 by Ron Carson and serves financial advisors and investors through its three businesses—Carson Wealth, its retail wealth management arm; Carson Partners, an RIA partnership platform; and Carson Coaching, a consulting coaching service. Carson Group currently manages $38 billion in assets across the three, serving more than 50,000 households through a network of more than 150 partner offices, including more than 50 Carson Wealth locations.
in April, Carson resigned from his role as chief executive to become chairman of the board, with Burt White, managing partner and chief strategy officer, taking over.
That same month, Carson's former CMO Mary Kate Gulick filed a lawsuit against the firm, alleging that it did not adequately respond to allegations that a Carson employee had committed sexual assault and that Carson made the decision to keep the employee at the company.