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June 17, 2022

Wealthcare expands direct advisory market presence with Eagle Financial deal

Wealthcare Capital Management has acquired Eagle Financial Management Services to expand its presence in the direct advisory market.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

Financial terms of the deal were not revealed.

Founded in 2006, Louisiana-based Eagle Financial advises on more than $120m in assets. The acquisition raises Wealthcare’s advisor team headcount to more than 150 advisors and assets under management to $4.75bn.

Wealthcare president Matt Regan said: “We’re thrilled to welcome the Eagle Financial team to the Wealthcare family.

“Eagle Financial’s client-focused and planning-centric approach to wealth management makes them a natural fit for the Wealthcare organisation. I’m excited that we’re expanding further into the direct advisory channel with people who share our passion for client experience. We will continue to seek more firms like Eagle Financial as we expand our direct advisory business and execute our strategic growth plan.”

As agreed, Eagle Financial founder Jack Ditt will continue to lead his team following the transaction.

The deal will enable Eagle Financial clients to benefit from access to Wealthcare’s proprietary goals-based technology platform and its wealth management services offering.

Ditt said: “We were immediately drawn to Wealthcare’s innovative goals-based planning technology platform, GDX360.

“By leveraging Wealthcare’s technology, infrastructure, and broader services capabilities, we are able to focus on clients’ needs and growth, offer them best-of-breed wealth management services, and even attract other top-tier advisors.”

Wealthcare board member Bill Morrissey noted that the deal underscores Wealthcare’s strategic vision and commitment to bolster its wealth servicing offerings in the direct advisory channel.   

He added: “This deal further validates that Wealthcare is a long-term partner committed to providing a holistic wealth management solution to all its clients.”

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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