Oxford Financial Group Buys Crowe Wealth Management

January 24, 2011 at 11:55 AM

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Oxford Financial Group Ltd. has completed the acquisition of the remaining stake in Crowe Wealth Management, the firm announced Monday.

Crowe Wealth Management was formed in 2003 as a joint venture between Oxford and Crowe Horwath LLP as a way to offer Crowe's existing clients access to Oxford's investment advisory services.

With the completed acquisition, all personnel and clients have merged into Oxford's Indianapolis and Chicago offices. Former Crowe Wealth Management personnel in Grand Rapids, Mich., will continue to operate from their existing location until they move into a new Oxford location.

"We believe the acquisition of Crowe Wealth Management provides tremendous benefits to clients by gaining access to a broader team of investment advisory personnel and a more streamlined delivery of the outstanding counsel and service they already receive," Jeffrey Thomasson, chief executive and managing director of Oxford Financial Group, said in the statement.

All clients will continue to be serviced by their existing client relationship directors, according to the announcement. It said the merger has brought another $1 billion in assets and an additional 60 individual, family and institutional clients to Oxford.

Oxford Financial Group, Ltd. is a multi-family office and an RIA with oversight of more than $13 billion in assets (including assets under management) for approximately 550 clients in 34 states. Crowe Horwathis a public accounting and consulting firm with 26 offices and 2,400 personnel.

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