Morrison & Foerster advised Wentworth Management Services LLC (“Wentworth”), a growing aggregator of broker-dealers across the U.S., on its acquisition of World Equity Group, an independent broker-dealer based in Arlington Heights, Illinois. The transaction closed on May 20, 2021.
Wentworth is a long-term owner and operating partner for broker-dealers and Registered Investment Advisor (RIA) firms in the independent wealth management channel. The transaction will expand Wentworth’s footprint in the Midwest and add approximately 180 financial advisors and nearly $40 million in revenue.
The MoFo team advising Wentworth was led by New York Corporate partner Dario de Martino and New York Corporate associate Stephanie Ference, with support from New York Finance partner Geoffrey Peck, San Francisco Executive Compensation partner Amanda Hines Gold. Washington, D.C. Corporate partner Susan Gault-Brown and Los Angeles Corporate senior of counsel Hillel Cohn.
Read more about the transaction in Wentworth’s press release.