Results for "mergers & acquisitions"

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Hub International acquires RIA with $850 million in retirement plan assets

February 21, 2018

Hub International, a firm new to the ranks of 401(k)-focused RIA aggregators, has acquired a Texas-based advisory firm overseeing roughly $850 million in retirement-plan assets. IPS Advisors, based in Dallas, is also an independent life and...

Buckingham Strategic Wealth acquires $350 million Stevens Wealth Management

February 15, 2018

St. Louis-based Buckingham Strategic Wealth, which manages or administers more than $12.6 billion in assets, has acquired Stevens Wealth Management, a Deerfield, Ill.-based registered investment adviser with approximately $350 million in assets...

EP Wealth Advisors acquires Millie Capital Management

February 13, 2018

EP Wealth Advisors, a registered investment advisor based in Torrance, Calif., managing $3.29 billion in assets, has acquired Millie Capital Management of Reno, Nev., and Walnut Creek, Calif. Terms of the acquisition were not disclosed. Millie...

Mercer Advisors adds $364M RIA in its third deal of 2018

February 13, 2018

Mercer Advisors has pushed its assets under management above the $12 billion mark with its latest acquisition of Clearwater, Fla.-based GFS Private Wealth. GFS, which has $364 million under management, represents the third acquisition this year...

As LPL buys broker-dealers, its rivals also benefit

February 8, 2018

The more broker-dealers LPL Financial buys, the better it is, not only for LPL itself, but also for the rest of the independent broker-dealer industry. An acquisition means disruption, and that turns into lots of advisers looking to move to...

Altegris merges with Artivest to create $3B alternative investments platform

February 8, 2018

Two alternative investment platforms are merging to create a comprehensive portal for connecting investors, through their financial advisers, with access to both registered and private investment products and strategies. The deal, announced...

Captrust acquires $300-million Utah hybrid

February 8, 2018

Captrust Financial Advisors has acquired Knox Capital Group, a hybrid firm based in Salt Lake City, Utah, managing more than $300 million in assets. Terms of the deal were not disclosed. Knox Capital was founded in 2003 and is led by partners...

Canadian PE firm buys Rosemont's interest in Westmount

February 6, 2018

Temperance Partners, a Canadian private-equity firm, has purchased a minority stake in Westmount Asset Management from Rosemont Investment Partners. Terms of the deal were not announced. Westmount, which manages more than $2.8 billion, is one...

Number of RIA deals down in 2017, new report says

February 1, 2018

Advisory firm merger and acquisition activity declined for the second straight year, but still ranked as the third-strongest year on record, according to TD Ameritrade Institutional's latest benchmarking report released Thursday. The pace of...

LPL Financial signs up 953 NPH advisers and $34.4 billion in assets

February 1, 2018

LPL Financial Holdings Inc. reported Thursday that it was on track to hit its target of bringing over 70% of the revenue of National Planning Holdings, a company it acquired last year. In its fourth-quarter earnings report, LPL did not report...

Slower second half doesn't derail record pace of RIA acquisitions

January 22, 2018

Despite a second-half slowdown, merger-and-acquisition activity set another record in 2017, according to the latest data from Echelon Partners. The report, released over the weekend, showed 168 registered investment adviser deals for the year,...

RIA mergers and acquisitions set another record in 2017

January 22, 2018

Merger and acquisition activity in the registered investment adviser space accounted for 153 deals in 2017, representing a fourth consecutive record year, according to the latest research from DeVoe & Co. The year's M&A activity, which started...

Lightyear Capital takes 50% stake in $9 billion HPM Partners

January 16, 2018

Private-equity investor Lightyear Capital has taken a roughly 50% ownership stake in HPM Partners, a New York-based wealth management firm with more than $9 billion under management. The deal, announced Tuesday, shifted the ownership of HPM...

Mercer acquires multimanager BFC to boost delegated investment push in Japan

January 16, 2018

Mercer acquired Tokyo-based hedge fund multimanager BFC Asset Management Co. in a move its global wealth management chief predicts will accelerate the nascent growth of Mercer's delegated investments business in Japan. Rich Nuzum, president...

Amid seller's market for RIAs, firms must prep for potential sale

January 13, 2018

Last month, at the MarketCounsel Summit in Miami, during a panel discussion about advisory-firm valuations, Rich Gill of Wealth Partners Capital Group cited what might be 2018's most bankable theme in the financial advice space. "Our industry...

Segall Bryant & Hamill acquires Denver Investments, creating $20B wealth manager

January 12, 2018

Chicago-based wealth management firm Segall Bryant & Hamill is acquiring Denver-based Denver Investment Advisors, creating a nearly $20 billion investment management and advisory firm. Segall, Bryant & Hammil is a 23-year-old firm with $12.4...

SS&C buys DST for $5.4 billion in cash

January 11, 2018

Financial software giant SS&C announced Thursday its largest acquisition to date: a $5.4 billion cash purchase of DST Systems, a rival technology provider to asset managers, brokerages, retirement firms and health-care providers. The acquisition...

Qualified Plan Advisors acquires $4 billion retirement shop

January 9, 2018

Qualified Plan Advisors, an Overland Park, Kan.-based firm focused on defined-contribution plans, has acquired an advisory group overseeing roughly $4 billion in retirement assets, furthering the consolidation trend that's gripped the retirement...

Mercer Advisors acquires two RIAs as M&A activity heats up

January 9, 2018

Mercer Advisors bumped up its assets under management to $11.6 billion with two acquisitions, which adds fuel to a fast start for merger and acquisition activity in 2018. The Santa Barbara, Calif.-based registered investment adviser, which is...

The Colony Group adds $1.5 billion in double merger

January 8, 2018

The Colony Group, a $6 billion Boston-based advisory firm, merged with two smaller firms earlier this month, adding $1.5 billion in assets under management. Bethesda, Md.-based Bridgewater Wealth & Financial Management, which manages $1 billion,...

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