Alera Group Wealth Services Acquires Wharton Business Group
Summary
“Now as part of Alera Group, we’ll continue providing these services, but can also offer to connect clients with a network of experts and advisors in other planning areas whose interests are aligned with theirs.” The acquisition is part of a long-term strategic initiative to grow the assets and geographic reach of Alera Group Wealth Services both organically and through acquisition. “WBG represents the kind of firm we want to partner with,” said Tina Hohman, executive vice president and wealth services practice leader. “Its experienced team has specialized expertise that complement our offerings and they can leverage our strengths to continue to grow both regionally and across the Alera Group platform.” DeVoe & Company served as the sole financial advisor and Alston & Bird served as the sole legal counsel to Wharton Business Group throughout the transaction. Alera Group Wealth Services, a division of Alera Group, is dedicated to enhancing the financial security of clients through a holistic suite of services to address the financial planning, investment and wealth management needs of individuals and families. By working collaboratively across specialties and geographies, Alera Group’s team of more than 3,500 professionals in more than 130 offices provides creative, competitive services that help ensure a client’s business and personal success.