On August 3, 2022, Integrity Marketing Group, LLC announced an agreement to acquire Gladstone Wealth Partners, LLC.
Under the terms of the transaction, Integrity Marketing Group, LLC (“Integrity”) will acquire Gladstone Wealth Partners, LLC (“Gladstone”). Robert Hudson, founder and chairman of Gladstone, will join Integrity as a managing partner, as will Richard Frick, Gladstone’s current CEO. Terms of the deal were not disclosed.
Integrity, based in Dallas, distributes life insurance, annuities, long-term care insurance and funeral trust plans. Integrity has over $30 billion in assets under management and advisement.
DHFB, headquartered in Roanoke, Virginia, is a wealth management firm. DHFB has approximately $1.6 billion in assets under management.
Gladstone, based in Boca Raton, Florida is a registered investment adviser with over $13 billion in assets under management. Ardea Partners provided financial advice to Gladstone on the transaction.
To read the press release, please click here.