The Wellington Group and TrustWealth Strategies announced a merger to combine their wealth management firms, creating a combined firm with $750 million in assets under management.
The merger closed earlier this month and the new firm will operate under Wellington Wealth Strategies, with the brand’s rollout already underway. Wellington Wealth Strategies is an investment advisor regulated by the Securities and Exchange Commission.
The Wellington Group was founded by Tony Bonanno in 1996 while Greg Freeman and Joe Hillman founded TrustWealth Strategies as a registered investment advisor. Together, the two companies represent more than 100 years of experience in the wealth management space.
“Since founding The Wellington Group, my steadfast commitment has centered on our clients. Providing them with reliable services and customized guidance to attain lifelong financial prosperity has been our unwavering focus and goal,” said Bonanno. “The evolution into Wellington Wealth Strategies was a thoughtfully deliberated move. Greg and Joe’s team seamlessly align with our ethics and core values, affirming their position as the ideal partners to foster enduring success for our business and cherished clients.”
As a result of the merger, Bonanno’s new title will be founder and managing partner of Wellington Wealth Strategies. Freeman and Hillman will serve as founders and partners with long-time members of The Wellington Group, Tom Cates and Max Moritz. As chief operating officer, Nate Miller will lead the firm’s growth. This union expands the national leadership and advisory teams, establishing six founders and 20 financial advisors serving clients across more than 40 states.
The firm says the move will provide Wellington Wealth Strategies clients more services, by offering investment management, retirement planning, estate planning, and alternative investments. According to the firm, it will also provide more agile, client-centered retirement income planning and tax-planning services and work as a fiduciary partner to build a secure financial future for clients and their loved ones.
“Collaboratively, we unlock a realm of flexible and sophisticated investment opportunities, enhanced by a broad spectrum of cutting-edge technologies, catering to a diverse clientele,” said Freeman. “This enables seasoned and new advisors to join our ranks, shaping customized investment strategies that genuinely prioritize clients’ best interests. At Wellington Wealth Strategies, we strive to ensure that the legacies of our clients and advisors endure for generations to come.”
The new entity will be located at 9000 Keystone Crossing in Indianapolis and continue operating satellite offices in Crown Point and Fort Wayne, Indiana.