Independent Advisor

The Akron, Ohio-based firm continues to expand into new markets and serve a client base that spans the wealth spectrum.

Jay Shah has been replaced by Ralph Haberli, who joined Edelman in July and will serve as acting CEO.

The addition of WGG Wealth Partners will expand NorthRock’s presence in Northern California.

Large and small firms are launching equity or equity-like programs to attract and retain top talent and foster an ownership mentality.

The changes will take effect early next year and limit eligibility to clients who plan to invest $2 million or more with a participating Schwab-affiliated independent advisor.

The firm Singer Burke will join Mercer’s Regis Group, the high-end unit of the firm that serves families with $25 million or more in investible assets.

The two registered investment advisory firms are employee owned and have no outside investors.

This young advisor got his big break after seeing an opening on social media.

Edelman, which is owned by private-equity investors, now manages more than $308 billion.

On Friday, the U.S. wealth unit of Toronto-based CI Financial announced it bought a multifamily office with $2 billion in client assets.

EP Wealth is also raising debt financing as it seeks to fund future mergers and acquisitions.

Serial entrepreneur Ritik Malhotra built Savvy Wealth from scratch using what he describes as cutting-edge technology.

Tax filing is seen as an important new offering for Facet Wealth, which seeks to become a one-stop shop for younger, less wealthy clients’ financial needs.

Next Retirement is Concurrent’s first full acquisition since breaking away from Raymond James in 2023.

On the heels of a blockbuster acquisition, the Cleveland-based advisory firm rolls out two more deals as it continues its expansion.

Based in Tequesta, Fla., the seven-person team launched an independent practice, with backing from RIA accelerator Elevation Point.

Four former UBS advisors are starting an independent practice backed by LPL Financial. Their move comes just as UBS is set to raise advisor pay.

If a deal pans out, it would be a major expansion of Creative Planning’s institutional business.

The acquisition of Northeast Financial Consultants marks Corient’s fourth acquisition of a firm with more than a billion in assets in two weeks.

Their new firm, &Partners, is led by David Kowach, the former president and CEO of Wells Fargo Advisors.

The acquisition of Select Money Management will add 10 advisors and staff and open a new office in Orange County.

The company, which was Barron’s No. 2-ranked mega RIA in 2024, now advises on more than $385 billion in client assets.

The U.S. subsidiary of Canada-based CI Financial continues to expand aggressively.

Madison Dearborn Partners, which sold NFP to Aon last year, is buying back three of NFP’s wealth advisory practices.

The addition of PSF/Galloway will establish Modern Wealth’s first office in the Southwest and form a new business line focused on the financial needs of public safety workers.