Alera Group Wealth Services, a division of Alera Group, an insurance and wealth services firm, has acquired Wharton Business Group, a wealth services firm that manages more than $3.5 billion in assets for business owners.
WBG offers investment advisory and business continuity services like leadership succession.
“Wharton Business Group has more than 30 years of experience serving clients and is an exciting addition to our national wealth services platform,” said Alan Levitz, CEO of Alera Group. “The team shares our fierce commitment to collaboration, and we look forward to leveraging its expertise to bolster our existing wealth management services and national presence.”
DeVoe & Company served as financial advisor, and Alston & Bird served as legal counsel to Wharton Business Group throughout the transaction.