Wealth Partners Capital Group and HGGC Form Strategic Partnership with The Wealth Alliance
The Wealth Alliance, LLC (“The Wealth Alliance” or “WA”), a New York-based registered investment adviser (RIA), has announced a strategic partnership with Wealth Partners Capital Group (“WPCG”), a financial services holding company, and HGGC, a partnership-focused investment firm. Through this partnership, WPCG and HGGC’s Aspire Holdings have made a minority equity investment in The Wealth Alliance to strengthen its operating platform and drive growth through mergers and acquisitions (M&A). The management team of The Wealth Alliance will remain the majority shareholders and will continue to oversee decision-making and operations.
The Wealth Alliance, LLC (“The Wealth Alliance” or “WA”), a New York-based registered investment adviser (RIA), has entered into a strategic partnership with Wealth Partners Capital Group (“WPCG”) and HGGC, a private equity firm specializing in partnership investing. This collaboration involves a minority equity investment from WPCG and HGGC’s Aspire Holdings, with the goal of enhancing The Wealth Alliance’s operational platform and accelerating its growth through mergers and acquisitions (M&A). Despite the investment, The Wealth Alliance’s management team, led by Co-Founders Rob Conzo (CEO) and Eric Diton (President), will retain majority ownership and continue to control the firm’s decision-making and operations.
Founded in 2019 by Conzo and Diton, The Wealth Alliance has rapidly grown into a highly regarded firm, serving clients with over 60 years of collective experience. The firm’s team consists of certified financial planners, public accountants, investment managers, and other professionals, all dedicated to providing comprehensive wealth management services. With headquarters in Melville, New York, and an additional office in Boca Raton, Florida, The Wealth Alliance is poised to expand its reach and offerings, particularly in the Tri-state area, the Mid-Atlantic region, and South Florida.
“This partnership aligns perfectly with our core value: putting the client first,” said Rob Conzo, CEO of The Wealth Alliance. “WPCG’s support will allow us to grow faster and enhance our ability to offer even more comprehensive financial planning solutions. This collaboration will empower us to attract top-tier advisors and elevate the firm to new heights,” added Eric Diton, President of The Wealth Alliance.
John Copeland, Managing Partner at WPCG, expressed enthusiasm about the new partnership, stating, “We are excited to collaborate with Rob, Eric, and the entire team at The Wealth Alliance. The firm’s client-first approach, fiduciary mindset, and depth of expertise in investment and planning put it in a strong position to lead the wealth management industry in the Northeast and beyond.”
HGGC also expressed its satisfaction with the partnership. “We are thrilled to complete this investment in The Wealth Alliance,” said the firm in a statement. “The Aspire Holdings platform continues to prove itself as an effective and differentiated strategy for partnering with exceptional wealth management businesses. This investment underscores our commitment to building value and creating growth alongside standout firms in the industry.”
The Wealth Alliance currently manages $2.0 billion in assets, including managed and brokerage-based assets, as of December 31, 2024. The partnership between The Wealth Alliance, WPCG, and HGGC officially closed on November 7, 2024. While the specific financial terms of the deal have not been disclosed, the strategic partnership marks a significant step forward for The Wealth Alliance in its mission to enhance the services and solutions it offers to clients.
Turkey Hill Management served as the investment banker for The Wealth Alliance in the transaction, while Potomac Law Group, PLLC and Kirkland & Ellis LLP acted as legal counsel for The Wealth Alliance and the new investor group, respectively.
About The Wealth Alliance:
The Wealth Alliance is a registered investment advisory firm founded in August 2019 by industry veterans Eric Diton and Robert Conzo. The firm offers a holistic and unbiased approach to financial planning, coordinating closely with clients’ attorneys, accountants, and other trusted advisors. The Wealth Alliance’s team of experienced professionals, including Certified Public Accountants (CPAs), Certified Exit Planning Advisors (CEPA), Certified Financial Planners (CFP®), and Certified Investment Management Analysts (CIMA®), works collaboratively to help clients achieve their unique financial goals.
As of December 31, 2024, The Wealth Alliance oversees $2.0 billion in managed and brokerage-based assets. The firm is committed to providing personalized wealth management services to individuals, families, and businesses, with offices in Melville, New York, and Boca Raton, Florida. By combining expert financial planning with a client-first philosophy, The Wealth Alliance aims to build long-term, trusted relationships with its clients, empowering them to make informed financial decisions that support their personal and professional aspirations.
