06.06.25

Sammons to Buy $8B Wealthcare From NewSpring

by: Melanie Waddell

Sammons Financial Group has signed a definitive agreement to acquire Wealthcare LLC from private equity firm NewSpring Holdings. Wealthcare, a full-service financial advisory firm with nearly 200 independent advisors and over 12,000 clients throughout the United States, has $8 billion in assets under management. "We are excited by the breadth and scale of services Wealthcare offers," said Esfand Dinshaw, CEO of Sammons Financial Group. "We look forward to adding the Wealthcare team and its 60+ employees to Sammons Financial Group as we expand our growth in the independent financial advisor space."

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