Constellation Wealth buys minority stake in Confluence Financial

Alternative asset management firm Constellation Wealth Capital (CWC) has invested in Confluence Financial Partners, a wealth management business. CWC will hold a minority stake in Confluence, providing capital and support for the firm's expansion. Confluence currently manages approximately $7.6 billion in assets under management, along with an additional $400 million in 401(k) plan assets, as of August 18, 2026.

The company provides financial planning and investment management services to private clients, families, companies, and institutional investors. Confluence's CEO and co-founder, Greg Weimer, expressed ambitious plans for the future while emphasizing the company's commitment to delivering high-quality financial advice and creating opportunities for its people.

He stated that Constellation Wealth Capital was the right partner to help achieve these goals. Confluence's management team will retain control of the business, which operates from five locations in Pennsylvania and Florida. The transaction aims to bolster investment and support Confluence's growth plans. The deal is expected not to impact Confluence's client relationships, as its advisers, management, and approach to financial planning and investment management will remain unchanged.

CWC specializes in investments in wealth management companies, and its founder and managing partner, Karl Heckenberg, expressed excitement about partnering with Confluence and supporting the firm's momentum and growth.