Two Akron-area financial advisory firms that had previously operated as sister companies will move forward as separate entities, the firms announced Monday.

Financial terms of the deal dividing Springside Partners LLC and SS&G Wealth Management were not disclosed.

Carina Diamond, founder and CEO of Springside Partners LLC, said SS&G will now be owned by Prosperity Advisors LLC.

Financial advisers Marc Servodio and Joseph Pelle, partners in Prosperity Advisors LLC, will lead the SS&G practice.

Both firms, which currently operate out of the same office address in Montrose, will continue to operate locally and each will continue to serve its own client base with financial services, according to a news release. Each firm will maintain separate staff and management, and shared clients will be served by the two firms.

Diamond said, “This change represents new strength for each of our organizations. Both will be able to focus with dedication on the clients suited to the firm’s expertise, and our professionals will experience enhanced career paths in their specialties.”

Springside Partners serves individuals, families and organizations with investment management, retirement planning and financial planning. The firm provides independent, financial management on a fee-only basis, without commissions. Firm principals are Carina Diamond, Patrick Hahn and Brenda Hood.

SS&G Wealth Management — named for its original parent, accounting firm SS&G, Inc. (now BDO) — also serves individuals and companies with financial planning and investment management, as well as specializing in insurance and qualified retirement plans for employers. It offers both fee-based and commission-based services and continues its relationship with Cetera Advisors as its broker-dealer.