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July 6, 2022

XML Financial concludes merger with Samson Wealth

Wealth and investment management firm XML Financial Group have wrapped up its previously announced merger with Pennsylvania-management Samson Wealth Management Group.

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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
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Financial terms of the transaction, which was closed on 1 July, were not disclosed.

The deal is expected to help both firms broaden their technology and operational support systems and expand client resources.  

Under the agreement, Samson Wealth Management Group founder Mark Samson will join XML’s leadership team. Both firms are part of the Focus Financial Partners family of wealth advisors.

XML and its affiliated broker-dealer, XML Securities, oversee approximately $3bn in client assets. The Samson team adds approximately $644m in client assets to the firm.

Commenting on the deal, Samson added: “We are thrilled to join forces with XML and provide our clients with expanded wealth and investment management services to help them navigate complex financial situations and achieve their dreams.

“Our team is excited to get started and forge new opportunities for our clients as part of the XML family.”

Rockville-headquartered XML provides a spectrum of wealth and investment management offerings to high-net-worth individuals, businesses and families through its offices in Maryland, Virginia and Colorado.

With the latest deal, the firm will expand its footprint to Pennsylvania.

XML co-founder and CEO Brett Bernstein said: “We’re always focused on offering new resources to our clients to help them achieve their personal and financial goals.

“This merger will boost our operations and advisor team so we can continue providing our valued clients across the Mid-Atlantic region with the kind of high-touch services they deserve.”

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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