Carson Group announced yesterday that its founder and CEO, Ron Carson, is stepping down from his role and transitioning to chairman of the Omaha, Nebraska-based wealth management firm.
Carson began his business selling insurance from his college dorm at the University of Nebraska, before dropping out to build his practice further. Today, the Carson Group holds $35.5 billion in assets under management (AUM) through its advisory network of 150 partners.
“I am proud of the legacy we’re building, the growth of our advisor community and the impact we’ve had on thousands of lives,” said Carson in a statement. “As we have advanced our mission, I realize that to continue to be a growth leader in the RIA [registered investment advisor] space, we must adopt a bifocal ability to execute on what’s right in front of us while also innovating and anticipating the needs of our advisors – and clients – years and even decades from now.”
Burt White, chief strategy officer at the Carson Group, will succeed Carson as CEO immediately. White had served as managing director and chief investment officer at LPL Financial for 14 years prior to joining Carson two years ago. There, he led the development and implementation of a digital and wealth management product organization focused on helping advisors generate growth and efficiency in their practice.
During White’s time at the Carson Group, Carson said he has “exceeded expectations” in transforming its investments platform and leading the group in “one of our most successful growth years to date.”
“His strategic vision and innovative drive will be instrumental as we continue to navigate an ever-changing industry,” Carson continued. “I can’t think of a better person than Burt to carry the torch for our mission, advance our offering and attract thought leaders to elevate the business.”
“I want to thank Ron for his trust and confidence and for his continued friendship and partnership,” said White. “It’s an honor to build on the foundation Ron has laid and to partner across Carson Group’s dynamic and talented leadership team to continue to expand and deepen our value proposition for advisors and investors. It’s exciting work and I’m incredibly energized by the opportunities ahead.”
According to a release, Carson will retain majority ownership in the firm. As chairman, his focus will shift to the “longer-term future of the company,” while White will lead on “executing the firm’s advisor-centric growth strategy.”
In leaving the role, Carson hopes to spend more time in furthering his family’s humanitarian impact and champion initiatives such as feeding the hungry, providing clean water and supporting mental health.
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.
