Gladstone Financial to Acquire GreenState’s Wealth Division

INVESTMENT MANAGEMENT DEALS BLOG

September 9, 2020

On August 28, 2020, Gladstone Financial Resources Group announced that it had entered into an agreement to acquire the wealth management division of GreenState Credit Union.

Under the terms of the transaction, Gladstone Financial Resources Group (“Gladstone”) will acquire the wealth management division of GreenState Credit Union (“GreenState”). GreenState, like Gladstone’s other representatives, will be registered through LPL Financial as their broker-dealer. Further terms of the deal were not disclosed.

Gladstone, based in South Carolina, provides services to financial advisors to help them grow their programs and specializes in business development, onboarding, marketing support, and technology. Gladstone has more than $24 billion in brokerage and advisory assets.

GreenState, based in Iowa, is the state’s largest financial co-op. GreenState has $7 billion in assets.

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