Maridea expands its East Coast footprint through the acquisition of The Hartshorne Group, a practice with a proven legacy of success dating back to 1984
Red, Bank NJ– On October 28, 2024, Maridea Wealth Management (“Maridea“) closed its acquisition of The Hartshorne Group (“Hartshorne”), a fee-based financial advisory firm established in 1984 and headquartered in Red Bank, NJ. Hartshorne is led by Bob Confessore, a seasoned investment advisor with over 40 years of experience serving affluent families, business owners, professionals, and executives. This strategic move enhances Maridea’s presence on the East Coast and expands its portfolio of services.
“Bob’s extensive expertise and commitment to client success have been instrumental in building Hartshorne’s reputation for excellence in financial advisory services. This acquisition aligns with Maridea’s growth strategy, aiming to bring industry aces together and building a comprehensive wealth management solutions for Maridea’s clients,” said Mier Wang, Founder and Managing Partner of Maridea.
Gladstone Associates LLC acted as the exclusive sell-side advisor to The Hartshorne Group.
“At Gladstone, we are dedicated to prioritizing the best interests of both sellers and buyers. Throughout our extensive discussions with both the Hartshorne and Maridea teams, we recognized a remarkable alignment between the two firms. The outstanding cultural fit we identified gives us great confidence in the promising future of this partnership” said Derek Bruton, Senior Managing Director at Gladstone.
Incorporated in 2023, Maridea Wealth Management is an SEC-registered investment advisor that provides comprehensive wealth management services to high-net-worth individuals and families. Maridea has offices across the country, from New York to California, and employs a team of +20 advisors and professionals to be ring industry-leading services to its clients.
About Maridea Wealth Management
Incorporated in February 2023, Maridea Wealth Management is a wholly-owned subsidiary of Maridea Global Capital Management and is an SEC-registered investment advisor that provides comprehensive wealth management services, including investment management, financial planning, estate planning, outsourced family office services, access to alternative asset classes, and more. Maridea is a mission driven organization that is endeavoring to provide the highest caliber of financial services accompanied with industry-leading hospitality and customer service. In addition to its core product offerings, Maridea uniquely partners and invests in small-to-mid scale advisors (less than $1 billion of AUM).
To Learn More about Maridea Global Capital Management:
Mier Wang, Managing Partner
[email protected]
(269) 598-0939