Independent Advisor
Mercer Expands New England Presence With Acquisition of $1.5 Billion Wealth Management Firm
The acquisition of Charter Oak Capital Management brings a team of 19 with two offices in the region.
2 minute read
Creative Planning to Acquire $5 Billion British Wealth Management Firm
The acquisition of Maseco in London marks Creative Planning’s second deal for a foreign firm.
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Accounting Firm Baker Tilly Is Spinning Off $5.8 Billion Wealth Management Arm Into Independent RIA
Threadline Wealth will launch in May as an independent wealth manager operating across the West Coast.
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Why This Next-Gen Private Banker Decided To Go Indie
Mercer Advisors’ Kelly Gaur left private banking for the promise of independence and ownership at an RIA.
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Rise Growth Partners Invests in $3.1 Billion Florida Wealth Management Firm
Along with Dynasty Financial Partners, Rise seeks to help Cyndeo Wealth Partners become one of the biggest registered investment advisory firms in the Southeast.
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NewEdge Advisors Acquires $6 Billion Alabama RIA Led by Former UBS Advisor
Stonegate Investment Group is the largest firm to join NewEdge’s employee channel, which was launched in 2023.
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Cresset President Susie Cranston to Become Firm’s First CEO Since 2020
Cranston, who had been directing day-to-day operations of the wealth management firm as president, will join the C-suite April 15.
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Wealth Enhancement Buys 2 Firms, Adding Nearly $8 Billion in Assets
The Minneapolis aggregator has acquired wealth advisory businesses in Kansas and Oregon.
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Savant Acquires $3.9 Billion Massachusetts Advisory Firm. It Has $42 Billion in Assets Now.
The addition of Heritage Financial is Savant’s largest deal to date and adds three offices in the Bay State.
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MAI Capital’s Megan Miller on Why Wealth Management Is an ‘Underappreciated’ Career for Women
The senior advisor says the job offers intellectual challenge, autonomy, high compensation, and the flexibility to raise a family.
Long Read
Shannon Eusey to Become Chair of Beacon Pointe. Matthew Cooper Tapped as CEO.
Eusey, who co-founded Beacon Pointe with her father, is one of the most prominent female leaders in the independent wealth management space.
2 minute read
Beacon Pointe Advisors Adds $1.2 Billion Massachusetts Advisory Firm
The firm, called the Financial Advisors, has two offices in the Bay State and brings a staff of 11 to fast-growing Beacon Pointe.
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MAI Capital Acquires $759 Million West Virginia Investment Advisory Firm
The Cleveland-based acquirer has executed 20 transactions since January 2024.
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Cerity to Merge With $1.2 Trillion Institutional Advisor Verus Investments
New York-based Cerity is significantly increasing its institutional capabilities through the deal.
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Captrust Acquires $3.8 Billion West Coast Wealth Management Firm
The acquisition of Alpha Cubed Investments gives Captrust a team of 28 and two new offices.
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Mariner Has Big Growth Plans. State Street’s Charles River Is Supplying the Tech Platform.
The large RIA aggregator says State Street’s fintech unit will help it streamline areas such portfolio management, trading, and data management.
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Bluespring Snaps Up $2.3 Billion Massachusetts Advisory Firm
SHP Financial has three offices in the state and focuses on long-term financial planning.
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Captrust Acquires $2.4 Billion Kansas Advisory Firm
The acquisition of Meritage Portfolio Management expands the North Carolina-based aggregator’s presence in the Midwest.
1 minute read
Arax Investment Partners Acquires $1.5 Billion Cleveland Advisory Firm
The acquisition of GFP Private Wealth adds a team of 27 to Arax’s fast-growing operation.
2 minute read
OnePoint BFG Acquires Minneapolis-Based Wealth Manager With $700 Million in Assets
Voyage Wealth Architects represents another significant acquisition for OnePointBFG after it sold a minority stake to Joe Duran’s Rise Growth Partners.
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NewEdge Advisors Recruits $1.4 Billion Team From Ameriprise
The 24-person ClearTrust Advisors team expands NewEdge’s presence in the Nashville market.
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Choreo to Acquire 2 Pennsylvania Wealth Managers With $1.3 Billion in Assets
The Chicago-based registered investment advisory firm is back in acquisition mode, adding 12 staffers, including six advisors, in a pair of deals.
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Beacon Pointe Acquires $2.7 Billion Bay Area RIA
The addition of Litman Gregory Wealth Management raises Beacon Pointe’s assets under advisement to $61 billion.
1 minute read
Cerity Partners Scoops Up 2 Advisory Firms With More Than $4 Billion in Assets
The New York-based firm is expanding its presence in Texas and suburban Washington, D.C.
2 minute read
Schwab Doubles Asset Minimum for Firms to Participate in Referral Network
Financial advice firms looking to participate in the Schwab Advisor Network will generally need to manage at least $500 million in client assets.
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