Chicago-based investment advisor Rothschild Wealth Partners has acquired Illinois-based independent financial planner Siligmueller & Norvid Wealth Advisors (SNWA).
SNWA was founded in 1998 by Dale Siligmueller and was later joined by Steve Norvid in 2008.
The firm has grown to provide financial advice to business owners, families, and high-net-worth individuals. It manages approximately $300m in client assets.
Rothschild said the acquisition is part of its strategy to expand in the US by partnering with firms that value fiduciary principles and long-term client relationships.
SNWA founder and partner Dale Siligmueller said: “Joining Rothschild Wealth Partners represents a natural next step for our firm and clients. We share a commitment to independence, integrity, and putting clients first.
“With Rothschild’s resources and scale behind us, we can expand our capabilities while delivering the personal attention and trust that have always defined our firm.”
Established in Chicago in 1908, Rothschild Wealth Partners provides services including investment management, tax and estate planning, business succession strategies, and generational wealth transfer.
The firm employs over 70 professionals, including 25 advisors, who serve affluent families and business owners across the US.
Rothschild Wealth Partners president and partner Phil Johnson said: “Siligmueller & Norvid illustrates the type of firm we seek to partner with, one that is deeply rooted in their community, client-centric, and built on integrity.
“Together, we will bring clients an even broader suite of planning, tax, and investment capabilities that are supported by a platform designed to empower advisors and elevate the client experience.”
Earlier this year, Rothschild expanded its wealth management activities in Luxembourg, aiming to enhance private banking services throughout Europe.
The Luxembourg office now functions as a branch of its French banking business, Rothschild Martin Maurel. It offers investment advice, financial planning, and comprehensive wealth management services.
In addition, Rothschild acquired Zurich-based Tenalis through its Swiss Wealth Management arm, Rothschild & Co Bank, in July this year.
Tenalis, which focuses on inheritance law and succession planning, strengthens Rothschild’s offerings in Switzerland, particularly in areas like estate divisions, taxation, and real estate consulting.
