Wealth Partners, Aspire Holdings Stake $2B RIA Wealth Alliance

The Wealth Alliance announced that Wealth Partners Capital Group and HGGC’s Aspire Holdings have made a minority equity investment in the $2B Melville, NY-based RIA in a move to bolster the firm’s operating platform and launch its M&A growth strategy. 

The Wealth Alliance was founded in 2019 by Rob Conzo and Eric Diton, operating largely from New York with an additional office in Boca Raton, FL, and 21 team members. According to its website, the RIA aims to revolutionize client services by providing tailored investment solutions. 

In a statement, Conzo said the partnership will allow The Wealth Alliance to accelerate its growth path and provide its clients with better financial planning solutions. The firm’s M&A efforts will largely focus on the Tri-State area, Mid-Atlantic region, and South Florida. 

The deal, for which financial and legal terms were not disclosed, was completed on November 7, 2024. 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.

WPCG and Aspire Holdings are active RIA backers, counting Waverly Advisors, which recently acquired $373M Dickinson Investment Advisors of Council Bluffs, IA, among their investments.

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Written By: Dakota

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