16 JUN 2025 / M&A UPDATES

Two Wealth Management Firms Announce Merger Negotiations

- MYCPE ONE Insights Team

Summary

It is generated by AI

Lumsden & McCormick Financial Services, LLC and Lifetime Wealth Management Group, Inc. are engaging in merger negotiations with the intention to consolidate their financial planning, tax, and advisory capabilities. The prospective merger signifies a significant expansion in the Western New York wealth advisory market and aims to provide a broader range of services, resource enhancement, and increased regional reach, while also promising a smooth transition for clients.

Lumsden & McCormick Financial Services, LLC and Lifetime Wealth Management Group, Inc. have entered merger negotiations, aiming to unite their financial planning, tax, and advisory capabilities under one roof. The transaction is expected to close within the next few months.

The strategic merger will create a more robust service platform for clients, combining Lumsden McCormick’s tax and accounting expertise with Lifetime’s personalized wealth management offerings. Leadership from both firms expressed confidence in the transition, emphasizing a shared vision of integrated financial solutions and continuity of client relationships.

Both organizations have committed to ensuring a seamless transition while broadening service scope, enhancing resources, and expanding regional reach, signaling a significant consolidation in the Western New York wealth advisory market.

Until next time…

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