Carson Group, one of the nation's leading registered investment advisors (RIAs), has acquired a $1 billion practice led by industry veteran Russ Nieland as part of a strategic succession planning initiative. According to Barron's, the transaction aligns with Carson Group's approach to supporting advisors in addressing aging demographics within the industry.

The acquired practice, which operates offices in Cedar Rapids, Iowa, and Las Vegas, marks one of several recent acquisitions to help ensure the continuity of multigenerational ownership and career advancement opportunities for younger team members.

Barron's reports, that over the past year, Carson Group has completed six acquisitions, with plans to accelerate its pace in 2024. The Omaha-based firm, which manages $38 billion in assets, offers advisors several pathways to join, from selling minority stakes to transitioning entire practices.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.