Core Insights - The acquisition of NFP by Aon was primarily aimed at enhancing Aon's position in the middle-market insurance sector, leading to the decision to sell off wealth and retirement advisory divisions, with Madison Dearborn as the returning buyer [1][2] Group 1: Acquisition and Business Structure - Madison Dearborn has a history with NFP, having acquired it for $1.3 billion in 2013 and selling it to Aon for $13.4 billion approximately ten years later [2] - The newly formed Wealthspire will serve as the overarching brand for four affiliates, aiming to bridge wealth, institutional advisory, retirement markets, and family office services [4][5] - Wealthspire enters the registered investment advisor (RIA) space with a significant asset size of $580 billion, with a strong focus on retirement assets amounting to about $500 billion [6][12] Group 2: Leadership and Integration - Carl Nelson, previously of NFP, will serve as president of Wealthspire, overseeing integration and acquisition efforts [10] - The institutional division will be integrated into Wealthspire Retirement Advisory, led by Mike Goss, who will also serve as chief revenue officer [11] - Eric Sontag will head the individual wealth business, maintaining his role from the previous merger that formed Wealthspire [12] Group 3: Strategic Focus and Future Plans - Wealthspire plans to raise $1 billion in debt financing for technology, employee investment, and consistent mergers and acquisitions across business lines [12][13] - The company aims to develop wealth and technology platforms over time, focusing on serving clients with varying assets and life stages [14] - There is an emphasis on aligning the wealth and retirement divisions to capitalize on client referrals and business opportunities [7][8]