XML Financial Group (XML), an independent wealth and investment management firm with offices in Maryland, Virginia and Colorado, today announced it has completed its merger with Samson Wealth Management Group, a wealth management practice in Fort Washington, Pennsylvania.
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The deal, which took effect on July 1, will help broaden technology and operational support systems for both firms, as well as boost client resources. It also helps XML expand its office footprint into Pennsylvania.
Mark Samson, who founded Samson Wealth Management Group in 2012, will join XML’s leadership team. Both firms are part of the Focus Financial Partners family of wealth advisors.
“We’re always focused on offering new resources to our clients to help them achieve their personal and financial goals,” said Brett Bernstein, CEO and Co-Founder of XML. “This merger will boost our operations and advisor team so we can continue providing our valued clients across the Mid-Atlantic region with the kind of high-touch services they deserve.”
XML recently launched its first-ever client wealth management app. The new native channel allows clients and prospective clients to interact with their advisors and portfolios from anywhere they have an internet connection.
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Together with its affiliated broker-dealer, XML Securities, LLC, member FINRA/SIPC, XML has approximately $3 billion in client assets. The Samson team adds approximately $644 million in client assets to XML.
“We are thrilled to join forces with XML and provide our clients with expanded wealth and investment management services to help them navigate complex financial situations and achieve their dreams,” said Samson, a perennial name on the Forbes Best-In-State Wealth Advisors list in Pennsylvania over the past five years. “Our team is excited to get started and forge new opportunities for our clients as part of the XML family.”
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