NFP snaps up LA-based HNW financial concierge

investmentnews.com:

NFP is extending its reach into Southern California’s high-net-worth space with its latest acquisition.

The global financial services, retirement planning advisory, and wealth management firm announced that it has snapped up Los Angeles-based business management consultant Harabedian, Hall & Co., in a move to bolster its financial management capabilities.

As part of the acquisition, the firm will be folded into Ground Control Business Management, an NFP company that caters to an exclusive circle of high-net-worth individuals, including entertainment industry executives, entertainers, and professional athletes.

The principals of Harabedian, Hall & Co., Rob Harabedian and Allen Freiman, will be joining NFP as managing directors. They will report to Chris Bucci, CEO of Ground Control, who is also based in Los Angeles.

“We are excited to welcome Harabedian, Hall & Co. to Ground Control and NFP,” Bucci said in a statement Wednesday.

Citing his firm’s commitment on supporting its clients “unique financial complexities,” he highlighted Harabedian, Freiman, and their team’s “established business management acumen, tax expertise, and long-term client relationships.”

Located along the iconic Wilshire Boulevard, Harabedian, Hall & Co. is known for its comprehensive business management services, which include cash management, tax planning, and estate planning coordination.

“We’re thrilled to join Ground Control and NFP and begin collaborating with Chris and his talented team,” Harabedian and Freiman said in a joint statement. “We appreciate the investment NFP is making in the business management and financial concierge space.”

Founded in 1999, NFP’s history as a privately held firm ended when it was acquired by Aon, a global