Asset Alliance Corporation, through its subsidiary, Asset Alliance Wealth Management, has acquired an equity interest in Monarch Business and Wealth Management, LLC. Monarch a financial and life management company founded by Barry Klarberg. Monarch represents professional athletes, internationally acclaimed entertainers and high net worth families.
“We believe that our two firms will provide a full-service platform to meet the special needs associated with Monarch’s clientele,” said Bruce Lipnick, Chairman & CEO of Asset Alliance. “Joining forces with Barry Klarberg, CEO of Monarch, the acquisition brings together a team of professionals with vast experience, integrity, and an understanding of how to preserve and increase the wealth of our clients.”
In conjunction with Asset Alliance Wealth Management, Monarch continues to offer clients a full suite of family office service and integrate those with the components of Asset Alliance’s distinct wealth management system. Monarch also seeks to continue to expand the scope of its business and wealth management services through synergistic partnerships and acquisitions of complementary businesses.
Klarberg was recently Senior Managing Director of Guggenheim Partners, LLC, heading up Guggenheim Wealth Services’ New York office. He began his career at Deloitte & Touche, where he was the firm’s National Director of Sports and Entertainment, before founding KRT Business Management. Barry authored “Winning Tax Strategies and Planning for Athletes and Entertainers,” a book considered to be a leading resource within the business management profession. He received a BBA in Accounting and a MS in Taxation from Pace University.