Carson Group Acquires Ted Swenson's Practice

Carson Group, a prominent consolidator in the Registered Investment Advisor (RIA) space, has significantly expanded its operational reach in Colorado by integrating the wealth advisory practice of Ted Swenson. This strategic move, finalized in June 2026, adds approximately $270 million in client assets to Carson Group's already substantial portfolio, which now exceeds $60 billion in assets under management.

The acquisition marks Carson Group's third expansion in the Centennial State since mid-2025, underscoring the region's importance within the firm's national growth strategy. Ted Swenson, a Certified Financial Planner (CFP) with nearly three decades of experience, brings a seasoned team and a deeply established client base, particularly serving multigenerational families. His practice, located in Arvada, Colorado, will now operate as Carson Wealth's 47th fully integrated advisory office.

This integration is particularly noteworthy given Swenson's prior engagement with Carson. Having participated in the firm's coaching programs and maintained an affiliation since 2018, the transition was a natural progression, streamlining the operational and cultural alignment process. This pre-existing relationship highlights Carson Group's proactive approach to identifying and nurturing potential acquisition targets.

The broader wealth management industry continues to witness a strong trend of consolidation, driven by the need for scale, enhanced technology platforms, and robust compliance frameworks. Firms like Carson Group are capitalizing on this by offering independent advisors a compelling alternative to remaining solo or joining smaller networks. By absorbing established practices, Carson not only grows its AUM but also enhances its national network, offering a unified client experience across diverse geographic locations.

Colorado represents a particularly attractive market for wealth management firms. The state's growing population, increasing concentration of high-net-worth individuals, and a favorable business environment contribute to a dynamic market for financial advisory services. Carson Group's sustained investment in this region signals a clear intent to capture a larger share of this expanding market.

Ted Swenson's background, which includes a foundation in accounting and a CPA certification before transitioning to financial advisory in 1998, provides a strong analytical underpinning to his client-centric approach. His focus on personalized financial planning and long-term relationship management aligns seamlessly with Carson Group's core values and service model. This acquisition is expected to further solidify Carson Group's reputation as a leading RIA consolidator committed to both scale and personalized service.