Carson Group has brought in a raft of firms under its umbrella. In the latest move, a firm in the network became a wholly-owned subsidiary.

US wealth advisory firm Carson Group said yesterday that it has taken whole ownership of its Carson Wealth Chicago location.

Carson Wealth Chicago, led by Mark McCallum, has grown from $163 million in assets under management in 2019 to more than $1 billion at the end of 2024, with some of that expansion driven by M&A.

“Of course, this type of exponential growth comes with operational challenges in maintaining the level of service clients have come to expect, along with all the resource-intensive demands of running a rapidly growing business,” Burt White, chief executive officer of Carson Group, said. “This is where Carson Group comes in – we empower our advisors with access to our extensive support network, a deep bench of resources, and tools that enable consistent growth and scale.”

Carson Group has more than $40 billion in AuM. The Chicago business has five locations and more than 15 advisors. 

Carson Group is a vigorous acquirer and investor into other wealth firms. Earlier in January, it acquired Carson Wealth Cedar Rapids, including its Las Vegas office. In November 2024, MAG Wealth Management acquired Ovation Wealth Advisors and rebranded it under the Carson Wealth name, a deal that included Carson Group taking a 30 per cent equity stake. In June last year, Three Sixty Wealth Management, with $134 million of client assets, joined Carson Group.