Carson Group said it has acquired a wealth management practice in New Hampshire that previously managed $1.76 billion in client assets with Wells Fargo's independent broker-dealer unit.
The addition of the team, known as Doyle and Loughman Wealth Management, marks Carson's 17th transaction of 2026 and the second this year involving an advisor team with more than $1 billion in assets, the company said. In June, Carson announced it had acquired the practice of a financial advisor team that managed more than $1.1 billion in client assets at wealth management company Osaic.
Doyle and Loughman Wealth Management joined Carson Group in Hanover, N.H. The group includes managing partners Brian Doyle and Stephen Loughman; wealth advisors Bradley Michalchuk and Kristen Laundry; and seven support staff members. Doyle and Loughman are both industry veterans with more than two decades of experience each, according to BrokerCheck, a public database maintained by industry self-regulatory organization Finra.
"Carson brings the scale, planning capabilities, and long-term vision we were looking for in a partner," Doyle says. "Just as importantly, they understand the importance of preserving our culture and putting clients first in every decision." While affiliated with Wells Fargo's FiNet unit, the team functioned as an independently owned business that worked as a 1099 contractor of Wells. The practice's acquisition by Carson will make its advisors W-2 employees of the firm, which was founded in 1983 and has been expanding via acquisitions and recruiting.
Carson CEO Burt White says his firm is trying to attract advisors who want more resources and support while maintaining control of their practices. "Billion-dollar firms have more options than anybody in who they choose as a partner," White says. "When firms like Doyle and Loughman choose Carson, I think it's validation that what we're building is resonating."
Carson has more than $60 billion in assets and its advisory network has more than 165 partner offices, according to the company. It is ranked No. 5 on Barron's Top 100 RIA Firms for 2025.
