July 14, 2021

Long Ridge Equity Partners is pleased to announce that its portfolio company, Carson Group, an industry-leading provider of wealth management technology and services to financial advisors and clients, has received a strategic investment from Bain Capital, valuing the business at over $1 billion and providing a full exit for Long Ridge’s Fund I investment.

 

Founded in 1983 by Ron Carson and headquartered in Omaha, Nebraska, Carson Group serves financial advisors and investors through its three businesses — Carson Wealth, Carson Coaching, and Carson Partners. Carson Group has created an ecosystem dedicated to helping financial advisors unleash the full potential of their firms by providing marketing, compliance, technology, investment strategies, succession planning, M&A support, and coaching. The company currently manages more than $17 billion in assets and serves more than 37,000 families among its advisor network of 110 partner offices, including 30 Carson Wealth locations.Long Ridge led a minority growth investment in Carson Group in 2016. During Long Ridge’s partnership with Carson Group, the company achieved exceptional growth and significant strategic milestones. Select highlights are provided below:

  • Grew AUM 5x to over $17 billion through organic and inorganic growth initiatives
  • Constructed a highly accretive M&A engine, closing over 10 acquisitions and 21 subsidiary acquisitions
  • Recruited and built a world-class team that drove development of industry-leading advisor technology and client experiences

Read the full press release here.