On December 20, 2023, Aon plc announced that it will acquire Wealthspire Advisors, LLC’s parent, NFP Corp.
Under the terms of the transaction, Aon plc (“Aon”) announced that it will acquire Wealthspire Advisors, LLC’s (“Wealthspire”) parent company, NFP Corp. (“NFP”). The estimated purchase price of the transaction is $13.4 billion. The deal is expected to close in mid-2024. Further terms of the transaction were not disclosed.
Aon (NYSE: AON), based in Chicago, is a global professional services firm that provides risk, reinsurance, retirement, and health services. As of September 2023, Aon had $32.7 billion in assets under management. UBS Investment Bank served as financial advisor to Aon on the transaction.
Wealthspire, based in New York, is a registered investment advisor that provides wealth management and investment advising services. As of March 2023, Wealthspire had approximately $16.3 billion in assets under management.
NFP, based in New York, is a middle-market property and casualty insurance broker and wealth management firm, and the main backer of Wealthspire. As of December 2023, NFP had approximately $50 billion in assets under management.
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