InCap Group Congratulates Willingdon Wealth Management on Its Recent Acquisition by Exencial Wealth Advisors

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Incap Group served as exclusive financial advisor to Willingdon Wealth Management

Merger and acquisition (M&A) activity among independent RIA firms continues its strong pace in what could be a record year for wealth management transactions.

InCap Group Inc., a premier boutique investment banking firm focused exclusively on the financial services industry, is pleased to congratulate Willingdon Wealth Management on its recent acquisition by Exencial Wealth Management

InCap Group represented Willingdon Wealth Management as its exclusive financial advisor in this transaction. This deal represents InCap’s second closed wealth management transaction in 2Q 2020.

Founded in 2003 and based in Huntersville, North Carolina, the Willingdon team has a long history of serving its clients through comprehensive wealth management services. Willingdon manages approximately $800 million for its clients.

Exencial Wealth Advisors, based in Oklahoma City, Oklahoma with additional offices in Texas and Connecticut, has approximately $2.4 billion in assets under management.

Jim Tennies, founder and president of InCap Group noted: “Exencial Wealth Management and Willingdon Wealth Management are highly complementary to one another, making the fit a natural. Although the firms did not know each other prior to engaging in M&A discussions, John Burns at Exencial and Mike Kayes at Willingdon had nurtured similar cultures which are highly compatible with one another. With an outstanding cultural fit and highly similar business models, the joining of the firms was compelling to both parties.”

Mike Kayes, CFA, founder and president of Willingdon Wealth added: “From the outset of discussions, I was excited about the cultural fit between our firms and the management team that John had built. I am confident that our clients and Exencial’s clients will be well served by our union. I am more excited than ever to go to work.”

About InCap Group, Inc.
Founded in 2006, InCap Group, Inc. (“InCap”) is a leading boutique investment bank focused on M&A in the financial services industry. InCap has strong expertise in the asset management, wealth management, securities brokerage and related industries. From its offices in Baltimore and Philadelphia, InCap provides top-notch strategic advice to clients at the different inflection points of their life cycle, including M&A advice, divestitures, spinoffs, capital raises, succession plans, recapitalizations, valuations, and other strategic consulting services.

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Brian Lauzon, CFA
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