The law firm of Norris McLaughlin, P.A., is pleased to announce that Lifetime Wealth Planning and Management LLC, a long-standing client of the firm, has closed an acquisition deal to transfer its ownership of their investment advisory practice to Wealthstream Advisors, Inc., a New York City independent boutique wealth management firm.
“It has been a privilege to work with the owners of Lifetime for many years as they operated and grew their business. We were happy to help this client secure a transaction with a company that our client believes will be a good partner to work with into the future,” said Oren M. Chaplin, a Member of the firm who was the main working attorney and lead counsel on this transaction. “Because we have experience with buy-side and sell-side transactions in this industry sector, we were uniquely positioned to help. And this deal accomplishes more than just company goals – it further enhances the financial services industry by expanding people-first wealth management services.” Oren further elaborated.
About the Acquisition of Lifetime Wealth Planning and Management
Lifetime Wealth Planning and Management, a fee-only, privately-held financial planning and SEC Registered Investment Advisory firm with offices in National Harbor, Maryland, helps clients discover their definition of a wealthy life and to grow their monetary wealth to achieve what is important to them. The firm offers comprehensive wealth management, such as financial planning, investment management, and ongoing financial advisory services, typically dealing with life transitions, retirement, loss, or an inheritance. The firm manages more than $112 million in assets.
Wealthstream Advisors offers personalized, in-depth financial planning and unbiased, independent investment management services and advice. Through a uniquely-integrated, hands-on approach, they combine an academic perspective on investing with advanced financial planning to help clients make better decisions about their money. Since 1997, they have earned many accolades, including Certified Financial PlannerTM practitioner, Certified Public Accountant, Chartered Financial Analyst®, Personal Financial Specialist, among others.
For Wealthstream Advisors, with offices currently in New York City, New York, the goal of the acquisition was to further the firm’s presence in the Northern Virginia and D.C. Metro area. Over the last four years, Wealthstream Advisors has strategically acquired three firms, increasing its assets by 160%. With this acquisition of Lifetime Wealth Planning and Management, Wealthstream Advisors achieves $967 million in assets. The financial terms of the deal remain confidential. For more information, please click here.
About the Norris McLaughlin Mergers & Acquisitions Practice Group
The Norris McLaughlin mergers and acquisitions attorneys have structured, negotiated, and closed numerous U.S. and international transactions ranging from small-scale to complex multi-million-dollar deals. The firm’s attorneys have vast experience in all aspects of such corporate transactions, including asset and stock sales, statutory mergers, tax-structured transactions, corporate reorganizations, tender offers, leveraged buyouts, LLC and limited partnership interest exchanges, financing arrangements, due diligence investigation, governmental approvals and clearances, and international transactions.
Our dedicated business law attorneys can also assist with the analysis of tax, securities, labor, employee benefits, antitrust, real estate, intellectual property, environmental, and other legal issues related to mergers and acquisitions. More than 30 business law attorneys spend all or most of their time in a variety of disciplines within the field of business law. As a result, we have enough diversity of talent and bench strength to form teams of cross-functional attorneys, striving to create the right blend of general competence and expertise that are best situated to address our clients’ needs promptly, efficiently, and creatively.
As experienced advisors, our attorneys ensure that each client has the proper structure in place to guide them on what they can expect and what investors will expect, prior to a client meeting with any potential investor. We take a unique approach in the early stage of company relationships, in that each client can expect a single partner to be responsible and accountable for that relationship. Recognized by clients as their trusted advisors and virtual business partners, our attorneys deliver efficient and practical legal counsel, supporting each client’s needs with an eye on their bottom line and what’s best for their future.