Published on: Tuesday, 28 January 2025 ● 4 Min Read
PALM BEACH, Fla. & PALO ALTO, Calif. & MELVILLE, N.Y.--(BUSINESS WIRE)--The Wealth Alliance, LLC (“The Wealth Alliance” or “WA”), a New York-based registered investment adviser (“RIA”), today announced it has entered into a strategic partnership with Wealth Partners Capital Group (“WPCG”), a financial services holding company, and HGGC, a firm focused on partnership investing. WPCG and HGGC’s Aspire Holdings have made a minority equity investment in The Wealth Alliance to bolster the firm’s operating platform and launch its growth via M&A. The management team of The Wealth Alliance remain majority shareholders and will continue to control the decision-making and operations of the firm.
The Wealth Alliance Co-Founders Rob Conzo, CEO, and Eric Diton, President, have been serving clients for over 60 years collectively, and together launched the firm in 2019. Today The Wealth Alliance is supported by an internal team of certified financial planners, public accountants, investment managers, and service professionals. Headquartered in Melville, N.Y. with an additional office in Boca Raton, Fla., the firm’s M&A efforts will initially focus on expansion within the Tri-state area and much of the Mid-Atlantic region, as well as south Florida.
“WPCG shares our core value – the client always comes first. This partnership will accelerate our growth path and provide greater financial planning solutions in the future,” said Rob Conzo. “WPCG’s breadth and experience will empower The Wealth Alliance to attract top tier advisors, ushering in a new era of excellence,” added Eric Diton.
“We are excited to partner with Rob, Eric and the entire WA team,” said John Copeland, Managing Partner of WPCG. “Given the firm’s client-first approach, fiduciary mindset and deep investment and planning expertise, WA is poised to be a leading wealth management firm serving clients in the Northeast and beyond.”
“We’re very pleased to complete this investment in The Wealth Alliance,” said HGGC. “Our Aspire Holdings platform continues to prove itself as a differentiated and effective strategy of partnering to build value together with standout wealth management businesses.” Aspire Holdings is a holding company dedicated to investing in the wealth management space.
The Wealth Alliance oversees $2.0 billion in managed and brokerage based assets as of December 31, 2024. The partnership closed November 7, 2024. Financial and legal terms of the transaction will not be disclosed. 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.
About The Wealth Alliance
The Wealth Alliance is a registered investment advisory firm, founded in August 2019, by industry veterans Eric Diton and Robert Conzo. The firm oversees $2.0 billion in managed and brokerage based assets as of December 31, 2024. The firm utilizes a holistic, unbiased approach to financial planning by coordinating closely with clients’ attorneys, accountants, and other trusted advisors. The firm aims to create an alliance of seasoned professionals, collectively working to meet each client’s unique financial needs and goals. Experienced advisors, credentialed as Certified Public Accountants, Certified Exit Planning Advisors, Certified Financial Planners, and Certified Investment Management Analysts are all supported by an experienced service team based in both Melville, N.Y. and Boca Raton, Fla. Featured regularly in financial publications like the Wall Street Journal, Bloomberg, Reuters, Barron’s, etc., the firm’s insights are widely followed and respected. www.thewealthalliance.com
About Wealth Partners Capital Group
Wealth Partners Capital Group (“WPCG”) is a financial services holding company, which invests in and partners with select leading wealth management firms. WPCG assists its partner firms by identifying and integrating like-minded wealth advisers who seek access to expanded business capabilities, strategic growth and/or customized transition solutions. For more information, please visit www.wealthpcg.com.
About HGGC
HGGC is a values-driven, partnership-focused private investment firm. The firm’s ecosystem of investors, operators, and professionals are united by the shared mission to develop leading enterprises and build long-term value together. HGGC invests in technology, business services, financial services and consumer enterprises generally valued between $200M – $1.5B+. The firm is based in Palo Alto, CA and manages over $6.9 billion in cumulative capital commitments. Since its inception in 2007, HGGC has completed more than 700 platform investments, add-on acquisitions, recapitalizations, and liquidity events with an aggregate transaction value of over $80 billion. HGGC makes investments in RIAs via its Aspire Holdings platform, which is targeting $300 million of total investment in the space. More information, including a complete list of current and former investments, please visit www.hggc.com.
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