Results for "mergers & acquisitions"

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Impax Asset Management to acquire Pax World

September 18, 2017

Impax Asset Management Group of the U.K. is acquiring Pax World Management, the investment adviser to Pax World Funds, creating a global firm specializing in sustainable investing. Under the terms of the deal, Impax will acquire Pax for $52.5...

Focus Financial adds $1.5B Eton Advisors to its stable

September 12, 2017

Eton Advisors, a $1.5 billion Chapel Hill, N.C.-based advisory firm, announced Tuesday that it has joined Focus Financial Partners. The deal puts 2017 ahead of the pace of 2016, in terms of industrywide transactions involving firms with more...

Mercer acquires RIA with $290 million in AUM

September 8, 2017

Mercer Advisors Inc., a national RIA firm based in Santa Barbara, Calif., has acquired Ray Mignone Associates, a financial planning firm managing $290 million of assets. Joining Mercer will be financial planner Ray Mignone, founder of the firm,...

For small B-Ds, becoming part of a branch office of a larger firm is a viable exit strategy

August 25, 2017

LPL Financial's acquisition this month of the National Planning Holdings Inc. network of four broker-dealers with 3,200 reps and advisers certainly has the independent broker-dealer industry abuzz, but transactions involving smaller broker-dealers...

CAPTRUST acquires $19B RIA in its sixth deal this year

August 22, 2017

CAPTRUST, one of the nation's largest diversified investment advisory firms, has completed its sixth acquisition of the year by folding in Tampa-based CapTrust Advisors, a $19 billion firm. The deal brings Raleigh, N.C.-based CAPTRUST to $243...

Mercer Advisors acquires Blue Moon Wealth Advisory

August 16, 2017

Mercer Advisors, a Santa Barbara, Calif.-based RIA managing about $11 billion in assets, has acquired Blue Moon Wealth Advisory, a Bellevue, Wash., financial planning and investment management firm managing assets of $90 million. Blue Moon was...

Is LPL's deal sweet enough for NPH's 3,200 reps and advisers?

August 16, 2017

LPL Financial's deal to acquire the National Planning Holdings Inc. broker-dealer network was embraced by Wall Street on Wednesday, but the 3,200 NPH registered reps and advisers who manage $120 billion in client assets must evaluate the deal...

LPL Financial buys NPH, a broker-dealer network with 3,200 advisers

August 15, 2017

After weeks of speculation, LPL Financial said on Tuesday it had completed the purchase of National Planning Holdings Inc., an independent broker-dealer network with 3,200 advisers. The deal is structured as an asset purchase with an initial...

National Planning Holdings acquisition could be real boost to LPL earnings: analyst

August 10, 2017

If LPL Financial Holdings Inc. acquires the four broker-dealers in the National Planning Holdings' network, the largest independent contractor broker-dealer could see earnings growth next year of 20%, according to Steven Chubak, an analyst at...

National Planning Holdings CEO to advisers: No comment on LPL takeover talk

August 9, 2017

With speculation swirling about an imminent sale of the four National Planning Holdings Inc. broker-dealers, the network's CEO, Scott E. Romine, last week took the extraordinary step to send an email to the 3,500 reps and advisers affiliated...

Private equity investors zero in on the RIA business

August 9, 2017

Private equity has discovered the financial advice industry, which can represent a whole new set of opportunities — and challenges — for advisory firms. "The appeal for us is, it provides some capital to help us continue to grow," said Scott...

Kestra Financial acquires 600-rep H. Beck

August 8, 2017

The market for independent broker-dealer mergers saw its second sizeable deal in as many weeks as Kestra Financial Inc. said Tuesday it had acquired a 600 rep and adviser firm owned by insurance company H. Beck Inc. Terms of the deal were not...

PlanPlus and FinaMetrica merge

August 7, 2017

PlanPlus, a Toronto, Canada-based provider of financial and investment planning software, and FinaMetrica of Sydney, Australia, which offers risk-tolerance measurement tools, have merged to create PlanPlus Global. Shawn Brayman, founder of PlanPlus,...

Thrivent acquires $7 billion RIA Ronald Blue & Co.

August 2, 2017

Thrivent Financial, which manages and advises on $116.5 billion in assets, has acquired the assets of Ronald Blue & Co., an RIA firm in Atlanta managing $7 billion in assets. Terms of the acquisition were not disclosed. The RIA firm will become...

Hanson McClain sells majority interest to private equity firm

July 27, 2017

Hanson McClain Advisors, a Sacramento, Calif.-based registered investment adviser managing $2.4 billion in assets, has sold a controlling interest to Boston-based private equity firm Parthenon Capital Partners for an undisclosed sum. The firm...

United Capital buys three RIAs, adds $758 million

July 25, 2017

United Capital Financial Advisers announced the acquisition of three separate independent financial advisory firms, with $758 million in combined assets under management. The deals, marking United Capital's first this year, bring the Newport...

Near-record pace of M&A continues for RIA firms

July 24, 2017

While slower than the torrid pace of consolidation in the first quarter, a near-record 38 RIA firm deals took place in the second quarter, according to the latest report from DeVoe & Co. The April-through-June total of mergers and acquisitions...

National Holdings' acquisition of broker-dealer WFG Investments and its 200 advisers called off

July 17, 2017

National Holdings' deal to acquire WFG Investments, an independent broker-dealer, has fallen apart. Wilson Williams, the chairman and CEO of Williams Financial Group, the parent of WFG, said in an interview on Monday that selling the firm's...

DFPG Investments acquires RIA managing $220 million

July 14, 2017

DFPG Investments Inc., a broker-dealer and registered investment adviser in Salt Lake City, Utah, has acquired Provo, Utah-based Riggs Capital Management, which manages $220 million in assets. The addition of Riggs Capital, brings DFPG's assets...

Mercer Advisors acquires $160 million RIA

July 12, 2017

Mercer Advisors Inc., a Santa Barbara, California-based RIA managing $10.6 billion in assets through several firms, has acquired Wealth Design Services (WDS), a Rochester, New York-based RIA, which manages approximately $160 million in assets...

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