The Wealth Alliance, LLC (“The Wealth Alliance” or “WA”), a New York-based registered investment adviser (“RIA”), today announced it has entered into a strategic partnership with Wealth Partners Capital Group (“WPCG”), a financial services holding company, and HGGC, a firm focused on partnership investing. WPCG and HGGC’s Aspire Holdings have made a minority equity investment in The Wealth Alliance to bolster the firm’s operating platform and launch its growth via M&A. The management team of The Wealth Alliance remain majority shareholders and will continue to control the decision-making and operations of the firm.
The Wealth Alliance Co-Founders Rob Conzo, CEO, and Eric Diton, President, have been serving clients for over 60 years collectively, and together launched the firm in 2019. Today The Wealth Alliance is supported by an internal team of certified financial planners, public accountants, investment managers, and service professionals. Headquartered in Melville, N.Y. with an additional office in Boca Raton, Fla., the firm’s M&A efforts will initially focus on expansion within the Tri-state area and much of the Mid-Atlantic region, as well as south Florida.
“WPCG shares our core value – the client always comes first. This partnership will accelerate our growth path and provide greater financial planning solutions in the future,” said Rob Conzo. “WPCG’s breadth and experience will empower The Wealth Alliance to attract top tier advisors, ushering in a new era of excellence,” added Eric Diton.
“We are excited to partner with Rob, Eric and the entire WA team,” said John Copeland, Managing Partner of WPCG. “Given the firm’s client-first approach, fiduciary mindset and deep investment and planning expertise, WA is poised to be a leading wealth management firm serving clients in the Northeast and beyond.”
“We’re very pleased to complete this investment in The Wealth Alliance,” said HGGC. “Our Aspire Holdings platform continues to prove itself as a differentiated and effective strategy of partnering to build value together with standout wealth management businesses.” Aspire Holdings is a holding company dedicated to investing in the wealth management space.
The Wealth Alliance oversees $2.0 billion in managed and brokerage based assets as of December 31, 2024. The partnership closed November 7, 2024. Financial and legal terms of the transaction will not be disclosed. Turkey Hill Management served as the investment banker to The Wealth Alliance. Potomac Law Group, PLLC and Kirkland & Ellis LLP served as legal counsel to The Wealth Alliance and the new investor group, respectively.
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