Garner Group Financial, a firm led by a father and son, has joined Grove Point Financial as part of the firm’s succession planning, Grove Point Financial announced today.
Garner Group, which is based in Dover, Del., was founded by Eugene Garner. His son, Joe Garner is a member of the firm. The firm was acquired by Grove Point Financial, a boutique broker-dealer and investment advisory platform based in Rockville, Md.
Joe Garner is set to take over the firm eventually. Garner Group, which has $62 million in assets, specializes in positioning clients for retirement, as well as helping clients with the transfer of wealth to the next generation, Grove Point said.
With the acquisition, Garner Group Financial gains access to Grove Point’s comprehensive investment solutions and back-office support, which will help the firm expand its offering and become a one-stop financial experience for clients, Grove Point said.