M and A
Deals Of The Day: The Latest In Wealth Management M&A - Willingdon, Exencial
The latest wealth management merger and acquisition transactions in North America.
Exencial, Willingdon
US wealth management firm Exencial
Wealth Advisors has agreed to acquire Willingdon Wealth
Management, a North Carolina-based registered investment advisor
(RIA).
Expected to close on June 1, 2020, the deal is expected to add
$800 million in assets to Exencial’s book of business and add 16
employees, including five CFA charterholders, Exencial said.
When the deal is complete, Mike Kayes will serve as a managing
director for Exencial and will remain a member of both the
executive leadership and investment teams.
In addition to its headquarters in North Carolina, Willingdon has
satellite offices in Connecticut, Ohio and California.
Republic Capital Group exclusively advised Exencial Wealth
Advisors about the transaction.