Two Wealth Management Firms Announce Merger Negotiations
In a strategic move to enhance their service offerings and expand their market presence, Lumsden & McCormick Financial Services, LLC and Lifetime Wealth Management Group, Inc. are pleased to announce that they are in negotiations to merge, expected to be finalized in a few months. This merger aims to combine the strengths of both firms, providing clients with unparalleled wealth management services plus advanced accounting, tax, and advisory knowledge.
The merger will enable the combined entity to offer a broader range of services, enhanced capabilities, and a deeper focus to better serve their clients' diverse financial needs.
Robert Ervolina, J.D., Certified Wealth Management Strategist of Lifetime Wealth Management Group stated, "We are thrilled to be entering into this merger with Lumsden & McCormick Financial Services. This partnership represents a significant milestone for both firms and will allow us to leverage our combined strengths to deliver even greater value to our clients. Together, we will be able to offer more comprehensive solutions and innovative strategies to help our clients pursue their financial goals."
“The merger with Lifetime Wealth Management Group is an exciting opportunity for us to expand our reach and enhance our wealth management service offerings. By combining our resources, we will be better positioned to navigate the complexities of the financial landscape and provide our clients with the highest level of service and support. We look forward to a successful partnership and the many benefits it will bring to our clients," said Sara M. Dayton, CPA, Managing Partner.
The merger is expected to be finalized by July 1, 2025, subject to regulatory approvals and customary closing conditions. Both firms are committed to a seamless transition for their clients and employees, with a focus on maintaining the high standards of service and integrity that have been the hallmark of their success.
Lifetime Wealth Management Group, Inc. is dedicated to helping clients pursue financial security and multi-generational family planning by working closely with our clients on their wealth management plan, with an eye toward strategic and tactical solutions over time while focusing on managing both risk and return.
Lumsden & McCormick Financial Services, LLC, is dedicated to helping individuals and businesses build financial success through personalized strategies. Since 2001, they have provided comprehensive wealth services, including investment guidance, tax planning, and retirement planning, with a focus on maximizing wealth, protecting assets, and strategic legacy transfers. An affiliate of Lumsden & McCormick, LLP, Lumsden & McCormick Financial Services, LLC, offers holistic financial planning that integrates tax-efficient growth and income strategies.
For more information, please contact Sara Dayton, CPA, Managing Partner, Lumsden & McCormick, LLP.
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Sara has extensive experience serving governmental entities in the areas of internal and external auditing, single audits, taxation, information returns, and financial reporting. As the leader of our governmental services group, Sara is responsible for reviewing all governmental financial statements and assists with the management and delivery of services by facilitating risk assessment and client expectations for our larger governmental clients. She maintains and exceeds the continuing professional education requirements of Government Auditing Standards. In addition to the services she provides to local governments, Sara performs audits and related financial services for commercial businesses and nonprofit organizations.