US-based accounting firm Carr, Riggs & Ingram (CRI) has purchased wealth management firm Level Four Advisory Services to provide a comprehensive range of financial advisory services.
The acquisition will see Level Four operating as part a of CRI creating a synergistic association designed to provide more holistic advice and services to both CRI and Level Four clients.
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The deal will offer Level Four’s advisors access to unbiased research and a comprehensive array of tools, resources, and technology.
As part of the acquisition, Level Four and CRI offices will work together to develop a continuum of services for all clients.
Also, Level Four will start recruiting advisors across the remaining CRI markets. The terms of the deal were not disclosed.
The services offered by Level Four include asset management, retirement planning, individual financial advisory services, and business/corporate advisory services.
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By GlobalDataJake Tomes, CEO of Level Four, said: "This model aligns with CRI’s dedication to understanding a client’s needs and goals before applying accounting and industry best practices to create a financially savvy strategy."
William Carr, chairman and managing partner of CRI, said: "Founded in 1997, CRI is continuing to aggressively expand our geographic footprint and service offerings through strategic mergers such as Level Four.
"Wealth management and advisory services add to our continuum of available services designed to facilitate our clients’ success in all phases of life both personal and business and Level Four is the perfect fit with CRI due to our alignment of growth-oriented cultures and focus on value-added client service," he added.
Level Four manages more than $1bn in assets with a current team totaling more than 80 investment advisors throughout the US.
