Wealthcare Capital Management LLC, a full-service technology-enabled RIA that supports independent financial advisors and a platform company NewSpring Holdings, today announced the acquisition of Fellows Financial Group. This is Wealthcare’s second acquisition this year, further strengthening the company’s presence in the direct advice channel.
Situated at Leesburg, VirginiaFellows Financial, founded in 2015 by Blake Fellowsprovides its clients with financial advisory services and has more than $100 million of total assets under management (AUM). Fellows Financial has been a Wealthcare Affiliate Advisor since 2015, leveraging Wealthcare’s technology and service platform to enhance its delivery of financial advisory services to its clients. With this acquisition, Wealthcare continues to expand its team of employee advisors and adds to its growing list of clients in the direct advice space.
“We are delighted to be able to acquire one of our own affiliate advisors and to work even more closely with Blake Fellows, Keri Blake and the entire Fellows Financial team as we expand our business in the greater DC and Midwest areas,” says Matt Regan, Chairman of Wealthcare. “This deeper partnership with Wealthcare allows the Fellows team to have stronger operational alignment with Wealthcare, improve the customer experience and take an important and proactive step in their succession planning with a company that has the same philosophical approach to wealth management.”
“After 7 years of working as a Wealthcare Affiliate Advisor, I am delighted to deepen my relationship with Wealthcare, leveraging its range of services for clients, including the GDX360® goal-based investment process and technology platform,” says Blake Fellows. “This step is the natural progression of our partnership with Wealthcare and a perfect succession plan for our firm that allows our practice to continue to provide the highest quality service to our clients and also frees up our team to pursue goals. even higher growth.”
Wealthcare, designed its original goal-based planning and investing methodology over 20 years ago and holds 12 patents on its established goal management process. Powered by its patented comfort zone®, Wealthcare’s approach offers innovative, personalized experiences and step-by-step tools that create deeper relationships between advisors and investors. Wealthcare empowers businesses and advisors to become independent and grow their advisory business by providing GDX360® – Wealthcare’s proven fiduciary process that seamlessly integrates planning, investing and negotiation – and a full suite of practice management services. Wealthcare comprises two RIAs, Wealthcare Advisory Partners LLC and Wealthcare Capital Management LLC. Learn more at www.wealthcaregdx.com.
About NewSpring Holdings
NewSpring Holdings, NewSpring’s dedicated holding company with a strategy focused on control buyouts and platform building, brings a wealth of knowledge, experience and resources to take profitable and growing businesses to the next level through acquisitions and proven organic methodologies. Founded in 1999, NewSpring partners with innovators, manufacturers and operators of successful companies in dynamic industries to catalyze new growth and seize exciting opportunities. The company manages more $2.5 billion across five distinct strategies spanning the spectrum from growth stocks and control buyouts to mezzanine debt. Partnering with leadership teams to help grow their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide range of operational areas and industries. Visit NewSpring at www.newspringcapital.com.