Transactions

Park Sutton Advises Judith Heft & Associates on Sale to Wealthspire Advisors

Park Sutton Advisors, a Waller Helms Company (“Park Sutton”), is pleased to have represented Judith Heft & Associates (“JHA” or the “Firm”) on their partnership with Wealthspire Advisors (“Wealthspire”), a wealth manager with approximately $27.4 billion in client assets, headquartered in New York, NY.

Founded in 1996, JHA is an all-female Connecticut-based financial and lifestyle concierge specializing in tailored bookkeeping and bill pay services for high-net-worth to ultra-high-net-worth families. The Firm has achieved exceptional success in client acquisition through the expansion of their lifestyle services, with customized solutions managing personal matters such as executive assistance and travel services on top of financial management.

Park Sutton Director, Matt Kempler, said, “We’re thrilled about the merger between Wealthspire and JHA and their plans to enhance the services available to their clients. As the market for client acquisition becomes more competitive, we are observing wealth managers expanding client service offerings to better differentiate themselves. Services such as business management, concierge, and tax preparation improve the overall client experience.  We expect an acceleration of organic and inorganic investments in family office style capabilities; setting a new standard in the industry.”

“Our clients’ expectations are evolving, and we want to expand our offering beyond traditional wealth management,” said Mike LaMena, chief executive officer of Wealthspire Advisors. “Wealthspire is committed to providing holistic and personalized services to our clients across the wealth spectrum. Judy and her team of professionals will go beyond bill pay services to streamline clients’ lifestyle needs.”

“My team and I are excited to join Wealthspire. We share a common philosophy around client engagement – our mission is to develop personal and trusted relationships to help them achieve their life goals,” said Judith Heft, founder of Judith Heft & Associates. “We’re looking forward to being part of the integrated Wealthspire team that helps solve the complexities of our clients’ financial lives.”