Carson Group is launching a tax strategy program for advisors created through the acquisition of Taylor Financial, a Franklin Lakes, NJ-based wealth management firm with approximately $385 million in assets.
Debbie Taylor, a CPA and tax expert, leads the 10-person team. Her firm will now operate as Carson Wealth Franklin Lakes.
“For 25 years, I've helped clients unlock hidden financial gains by mastering an often-overlooked area — tax strategy,” Taylor said in a statement. “Using tax planning solutions, advisors can help their clients optimize their financial outcomes, minimize tax liabilities or increase after-tax returns, which have a compounding effect on wealth.”
The Carson Tax Strategy will go into effect this quarter, and the program will provide advisors with the tools and resources to incorporate tax planning into the client conversation.
“We are defining the future of wealth management and how advisors approach tax planning,” Burt White, CEO of Carson Group, said in a statement. “This initiative equips our advisors with expertise in tax strategy, creating opportunities to deepen client engagement and practice growth. By taking a holistic approach to financial health, advisors can help clients work toward their goals beyond relying solely on market-driven returns.
This follows Carson's Complete acquisition last week of Carson Wealth Cedar Rapidsan independent Carson, Iowa-based firm that manages approximately $1 billion in client assets.
The launch of the tax strategy comes after a tumultuous year for Carson Group, including the departure of several high-profile executives.
In April, CEO and Board Chairman Ron Carson resigned while retaining majority ownership, with Managing Partner and Chief Strategy Officer Burt White taking over as CEO. Carson claimed the move was to devote more time to “his family's humanitarian impact.”
Envestnet alum Dani Fava He then took over White's previous post, while former LPL executive Heather Randolph Carter became the firm's chief marketing officer. Orion alum Daniel Applegrath joined as chief financial officer to replace Nick Engelbart, who now oversees the firm's M&A strategy.
In December, Aaron's cockroachesa division president at Carson Partners, left the firm to be CEO of Ron Carson's family office. Just a week ago, Carson Group President Teri Shepherd announced that she would be leaving the company, with CEO Burt White saying the firm supported her decision to “focus on her family.”
The Carson organization includes approximately 50 full-service Carson Wealth locations and more than 150 partner offices across the country. The firm works with approximately 51,000 client households and manages more than $40 billion in assets.