Oklahoma-based wealth manager Exencial Wealth Advisors has acquired San Antonio’s accounting and wealth management firm Netting & Pace, CPAs.
Acquisition price and terms of the deal were not disclosed. The combined entity will manage about $1.5bn in assets, serving 860 households.
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Netting & Pace will add a workforce of 16 to the Exencial team following the acquisition. The addition, which includes six CPAs, will boost the company’s headcount to 57 employees.
Exencial Wealth Advisors co-CEO John Burns said: "Netting & Pace’s deep knowledge of tax planning services is a welcome complement to our investment and financial planning capabilities, enabling us to better offer our clients the top-shelf services they expect and deserve.
"The team embodies what the Southwest culture is all about, putting forth Southern hospitality and Western pragmatism in everything they do."
Netting & Pace partner Conrad Netting added: "In our 40 years of business, our primary commitment has always been to our clients. Our integration with Exencial only strengthens this commitment, allowing us to continue our tradition of a client-first mentality, all the while staying true to our core values of integrity and hard work."
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