Exencial Wealth Advisors, a wealth management firm based in Plano, Texas, has acquired San Antonio, Texas-based Netting & Pace, CPAs, an accounting and wealth management firm.

The acquisition will result in approximately $1.5 billion in assets under management for the newly combined entity and a total of 860 households served. Netting & Pace will be adding 16 employees, including six CPAs, to the Exencial team, amounting to a total company size of 57 employees.

The deal unites the two firms’ tax planning and investment management services.

“Netting & Pace’s deep knowledge of tax planning services is a welcome complement to our investment and financial planning capabilities, enabling us to better offer our clients the top-shelf services they expect and deserve,” said Exencial Wealth Advisors co-CEO John Burns in a statement. “The team embodies what the Southwest culture is all about, putting forth Southern hospitality and Western pragmatism in everything they do.”

As the seventh largest city in the country, San Antonio will expand Exencial’s client service footprint in the Southwest. In addition to San Antonio, Exencial serves clients from offices in Oklahoma City, Okla., Old Lyme, Conn., and Plano, Texas.

“From day one after meeting the Exencial team, we knew this was the perfect partnership for us,” said Netting & Pace partner Conrad Netting. “In our 40 years of business, our primary commitment has always been to our clients. Our integration with Exencial only strengthens this commitment, allowing us to continue our tradition of a client-first mentality, all the while staying true to our core values of integrity and hard work.”

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access