Wealthspire to Acquire Private Capital Group

INVESTMENT MANAGEMENT DEALS BLOG

October 29, 2021

On October 5, 2021, Wealthspire Advisors announced an agreement to acquire Private Capital Group, LLC.

Under the terms of the agreement, Wealthspire Advisors (“Wealthspire”) will acquire Private Capital Group, LLC (“Private Capital”). The transaction, subject to customary approvals and closing conditions, is expected to close in the fourth quarter of 2021. Further terms of the deal were not disclosed.

Wealthspire, based in New York, is an independent registered investment advisor. As of June 30, 2021, Wealthspire had approximately $13.5 billion in assets under management.

Private Capital, based in West Hartford, Connecticut, is a wealth management firm, offering comprehensive wealth management and retirement planning services. Private Capital has approximately $1 billion in assets under management.

To read the press release: please click here.