The Wealth Alliance oversees around $2bn in assets, as of 31 December 2024. Credit: Sutthiphong Chandaeng/Shutterstock.

The Wealth Alliance, a registered investment adviser (RIA) headquartered in New York, has struck an alliance with Wealth Partners Capital Group (WPCG) and HGGC’s Aspire Holdings.

This collaboration involves a minority equity investment in The Wealth Alliance, aimed at enhancing its operating platform and fuelling growth through mergers and acquisitions.

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The partnership was finalised in November 2024, with its financial and legal specifics remaining confidential.

The management team of The Wealth Alliance, led by co-founders Rob Conzo, CEO, and Eric Diton, president, will retain majority ownership and control over the firm’s operations.

With over six decades of combined experience in serving clients, Conzo and Diton established The Wealth Alliance in 2019.

The firm has an internal team of certified financial planners, public accountants, investment managers, and service professionals.

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Rob Conzo said: “WPCG shares our core value – the client always comes first. This partnership will accelerate our growth path and provide greater financial planning solutions in the future.”

Headquartered in Melville, New York, and with an office in Boca Raton, Florida, The Wealth Alliance is expected to expand its mergers and acquisitions (M&A) efforts in the Tri-state and Mid-Atlantic regions, along with south Florida.

As of 31 December 2024, The Wealth Alliance managed approximately $2bn in assets.

WPCG managing partner John Copeland said: “We are excited to partner with Rob, Eric and the entire WA team.

“Given the firm’s client-first approach, fiduciary mindset and deep investment and planning expertise, WA is poised to be a leading wealth management firm serving clients in the Northeast and beyond.”

Turkey Hill Management was the investment banker for The Wealth Alliance, while Potomac Law Group and Kirkland & Ellis provided legal counsel to The Wealth Alliance and the investor group, respectively.

In 2021, Georgia-based hybrid RIA Merit Financial Group secured investment from WPCG and HGGC-led investors to spur growth.