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NorthRock Partners acquires Parkside Advisors

Jul 15, 202518 days ago

Acquiring Company

NorthRock Partners

Acquired Company

Parkside Advisors

MinneapolisSan FranciscoFinanceFinancial ServicesFinanceFinancial Services

Description

NorthRock Partners has acquired Parkside Advisors, adding over $800 million in assets under management. This acquisition allows NorthRock to extend its Personal Office® service model to Northern California. Parkside's team will join NorthRock, enhancing its presence in the Bay Area. This marks a significant step for NorthRock as it continues to grow its national footprint.

Company Information

Company

NorthRock Partners

Location

Minneapolis, Minnesota, United States

About

NorthRock Partners is a wealth advisory firm focused on providing comprehensive, integrated wealth management services to the affluent and emerging affluent marketplace. Headquartered in Minneapolis, Minnesota, NorthRock serves clients throughout the United States. Supporting our clients is a staff of professionals fully dedicated to our clients'​ financial well-being.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed