Stratos Wealth Enterprises Acquires Minority Equity Stake In Boston-Based Wealth Management Firm With $350 Million In Aum
Apr 12, 2022•over 3 years ago
Acquiring Company
Stratos Wealth Holdings
Acquired Company
Stratos Wealth Holdings
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Description
Stratos Wealth Enterprises, a Stratos Wealth Holdings ("Stratos") company, announced today that it will make a strategic investment in Rockland, Massachusetts-based wealth management firm Veritas Boston Wealth Management. Managing partners Mark Roman and Frank Perfetuo lead the nine-person firm, which oversees about $350 million in assets under management through Stratos Wealth Advisors. The Stratos family of companies collectively oversees $23.3 billion in AUM/AUA as of December 31, 2021.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed