Carson Group Invests In and Adds $1.1B Texas Team

"It's a transformational leap for both our team and our brand; I'm having the time of my life," David said in a statement. "Overnight, we've elevated our national presence as one of the most recognized financial services brands in the country, while keeping the interests of our clients at the forefront."

Growth Path

Earlier this month, Carson Group said it added about $613 million in assets based on nine partner firms that joined it during the second quarter — putting its total assets under management at over $6 billion. At the time, it said it expects $3.6 billion in assets to move onto its platform over the next six months, potentially bringing its AUM to $9 billion by year-end.

Since January, 27 firms have become part of the organization. One recent addition was Ruggie Wealth, which has roughly $577 million in assets, is led by founder and President Thomas Ruggie, and is based in Tavares, Florida.

During the second quarter, Carson Group hosted close to 1,000 attendees at its yearly Excell conference. It also added 45 new advisor firms to its coaching and content platform, which will see three new positions added to support 1,264 member firms in the U.S. and Canada.

"We've reached a critical milestone this year, and advisors across the country are taking note," explained Aaron Schaben, executive vice president of Carson Group, in a statement. "We are setting the pace when it comes to both growth and innovation."

Carson Group also says it acquired QBI, a low-volatility, rules-based suite of smart-beta strategies, which includes a factor-based model built on passive ETF strategies.

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