Wealth Partners Capital Group and HGGC have agreed to invest in Verdence, a Hunt Valley, Maryland-based registered investment advisor. The transaction sees Emigrant Partners, LLC selling its stake in the firm. Verdence will use this investment to accelerate growth while maintaining its management team as significant shareholders.

As of December 31, 2025, Verdence managed approximately $4.6 billion in assets. The investment comes amid consolidation in the registered investment advisor space, where private equity firms increasingly target established wealth management firms with steady revenue streams. Verdence's focus on high-net-worth clients has positioned it as an attractive acquisition target.

The partnership between WPCG and HGGC with Verdence underscores growing interest in the wealth management sector. Private equity firms recognize the value of established RIAs with strong client relationships and consistent performance. Emigrant Partners' exit suggests confidence in Verdence's future trajectory under new ownership, potentially leading to expansion into new markets or service offerings.