Wealthcare Acquires Sommers Financial Management
January 12, 2023
Wealthcare Advisory Partners LLC, a NewSpring Holdings platform company and technology-enabled full-service RIA, has acquired Sommers Financial Management, a fee-only registered investment advisor founded in 2002. The deal expands Wealthcare's direct advisory footprint and adds advisors located in Scappoose, Oregon and Tucson, Arizona to its network of more than 150 advisors managing roughly $5 billion in AUM.
- Buyers
- Wealthcare Advisory Partners LLC
- Targets
- Sommers Financial Management
- Platforms
- Wealthcare Advisory Partners LLC
- Industry
- Wealth Management
- Location
- Oregon, United States
- Transaction Type
- Addon
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