Apella Capital, a Glastonbury, Connecticut-based registered investment advisory firm managing $1.5 billion, has acquired Vestory, an RIA firm headquartered in Bellevue, Washington, that manages $489 million.
Vestory was founded in 2009 by Tom Cock and Don McDonald, and the team includes seven professionals.
Apella is an affiliate of Symmetry Partners, which manages over $7.6 billion.
Stifel has paid or is on the hook for close to a staggering $200 million in damages and settlements to former clients of Chuck Roberts.
UBS also expanded in the Southeast with six advisors overseeing more than $2 billion, while Osaic lured a $300 million family-led practice from Wells Fargo's FiNet.
The new AI workspace rollout promises to automate the full advisor workflow just as third-party tools wage a turf war for central control of wealth firms' tech stacks.
Mega-RIA picks up $250M advisor, while three firms head for &Partners.
Advisors who wait for a wealth event to introduce themselves to the next generation are already too late.
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
