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IHT Wealth Management, US Wealth Management to Combine Firms.


28 December 2016 - US-based wealth management firms IHT Wealth Management and US Wealth Management have entered into a partnership and phased strategic plan to combine the two firms, the principals said.

The plan is expected to provide a succession roadmap for US Wealth Management chairman and chief executive officer John Napolitano. The two firms currently manage approximately USD 2bn in combined brokerage and advisory assets.

As the initial step in the transitional plan, the partnership between the two firms will enable them to benefit right away from the respective strengths and insights that each brings to the table.

Effective immediately, IHT Founder and president Steven Dudash has joined the US Wealth Management leadership team as executive vice president, recruiting and strategic development.

In this role, Dudash will share best practices on advisor recruiting and practice acquisitions, and will focus on solutions tailored to help advisory firms build strong succession strategies.

IHT expects to benefit from access to US Wealth Management's extensive business development and practice management platform, along with subject matter expertise in financial planning, estate planning and tax matters, among other areas.

Over the course of the process, IHT Wealth Management will purchase the equity of US Wealth Management in stages, allowing both firms' advisors and their clients to smoothly and seamlessly transition to the combined company structure.

IHT currently has 28 advisors in its network, while the US Wealth Management network consists of 30 advisors.

No other changes were announced regarding the management teams of the respective firms, their headquarters locations or other operational issues.

Financial terms of the transaction were not disclosed.

IHT Wealth Management is an independent wealth management firm and Office of Supervisory Jurisdiction specialising in financial planning, legacy and retirement planning, investment management and insurance and risk management.

The firm seeks to provide both advisors and investors with the freedom to pursue their goals, while always adhering to uncompromising standards of integrity, honesty and trust.

US Wealth Management is an independent network of experienced wealth managers who provide holistic advice and custom-tailored strategies to manage their clients' financial future.

The firm has ten offices located nationwide.

Country: USA

Sector: Banking/Financial Services

Target: US Wealth Management

Buyer: IHT Wealth Management


Deal size in USD:

Type: Merger


Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Dec 28, 2016
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