Brentwood-based Envision Wealth Planning has acquired the client base and revenue stream of CMN Financial Services of Nashville.
Terms of the deal are not being disclosed.
Bob Bolen, Envision Wealth Planning president, said the acquisition increases by about 10 percent both the company’s wealth under management and client numbers.
With the acquisition completed, veteran wealth manager Catherine Nolen, who founded CMN, will continue to offer insurance products.
“It happened pretty quickly,” Bolen (pictured) said of the deal. “[Nolen] was ready to retire [from wealth management] and needed a good home for her clients, especially during this time of economic uncertainty.”
The acquisition comes on the heels of Envision Wealth Planning changing its name about four weeks ago from Bolen / Dodson & Associates. Of note, Envision acquired Lori Dodon & Associates in 2006 and would later changed its name to Bolen / Dodson & Associates.
Envision Wealth Planning has about 125 clients. The company reported in mid-November, and before the CMN acquisition, that it manages 288 accounts with approximately $63.5 million in assets.
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- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS