Carson Wealth Management has acquired a 25 percent stake in Ruggie Wealth Management, a Central Florida practice with $566 million in client assets under management (AUM), through an equity swap option, according to a news release.
Tom Ruggie, who leads the firm, will maintain majority ownership in it. He will also continue to make all strategic business and operational decisions for the practice and its offices. The affiliation will give Ruggie access to Carson’s deep bench of services, including its new client experience technology, Carson CX.
Further details of the transaction were not available.