Sammons Financial Group to acquire Wealthcare from NewSpring Capital.

Sammons Financial Group, a financial services company, agreed to acquire Wealthcare, a full-service financial advisory firm, from NewSpring Capital, a lower-middle market focused private equity firm. Financial terms were not disclosed. "We are excited by the breadth and scale of services Wealthcare offers. We look forward to adding the Wealthcare team and its 60+ employees to Sammons Financial Group as we expand our growth in the independent financial advisor space. We welcome the independent advisors and employees who are part of the Wealthcare team," Esfand Dinshaw, Sammons Financial Group CEO.