GCG Wealth Management says that has expanded its footprint in the Carolinas with the acquisition of Branstrom Financial.

Morganton, North Carolina-based Branstrom is headed by John Branstrom, a 46-year veteran of the financial services industry, according to GCG.

Branstrom joined the industry in 1980 and came to MML Investor Services in 1996, where he stayed until partnering with GCG, according to BrokerCheck.

Charlotte, North Carolina-based GCG, which offers securities and advisory services through Woodbury Financial Services, currently manages over $1.5 billion from nine “office hubs” across the Southeast, according to the firm. GCG also offers acquisition, succession and liquidity deals for advisors through GCG Advisory Partners, its succession planning platform, the company says.

"GCG provides me with the service model and options that are needed in the ever-changing financial services marketplace. Joel [Burris, president of GCG Wealth Management and Advisory Partners] and his team bring a breath of fresh air to the Branstrom Financial practice,” Branstrom said in a statement.

GCG, meanwhile, said in the announcement that it’s planning “to deploy significant capital in 2022 via advisor acquisitions and/or multi-year sell and stay succession plans.”

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