Rise Growth-Backed OnePoint BFG Buys $2B Chicago Practice

Core Insights - OnePoint BFG Wealth Partners has acquired Spahn Financial Partners, marking its largest deal to date and increasing total client assets to over $15 billion [2] - The acquisition aligns with OnePoint BFG's strategy to enhance its service offerings and expand its professional team to 200 nationwide [2][3] - The firm has undergone significant changes since Rise Growth Partners' investment, including a rebranding and a shift towards a fee-based service model [3][4] Company Overview - OnePoint BFG Wealth Partners, founded in 1985, was previously known as Bleakley Financial Group and has been affiliated with Northwestern Mutual [3][5] - Spahn Financial Partners, established in 1994, manages $2 billion in assets and will have its leadership team become equity holders in OnePoint BFG [2][4] Strategic Developments - The acquisition of Spahn Financial is part of OnePoint BFG's broader vision to create a comprehensive financial services platform for clients [4] - The firm has introduced an equity program for advisors and appointed a new chief growth officer, indicating a focus on growth and advisor retention [4] - Rise Growth Partners has made multiple investments in the RIA sector, including a recent stake in Krilogy, which manages over $4 billion in client assets [5]