The deal creates one of the largest independent RIA footprints in the Philadelphia metro region, with more than $30 billion in combined client assets.
Elsewhere, Osaic and Ameriprise each recruited family-owned practices previously affiliated with LPL and Thrivent.
The agreement marks the end of a four-decade sub-advisory partnership while giving Wellington a scaled distribution platform for financial advisors.
CEO Rob Nance says the industry's first purpose-built transitions platform can compress months-long moves into days, effectively removing a key barrier to independence.
Cresset hires Evoke Advisors alum to expand New York presence while Callan sharpens its focus on philanthropic consulting, wealth, and legacy planning.
KKR, Ares, and Blackstone shares slid sharply as investor withdrawals from private markets funds showed no sign of easing.
The veteran independent broker-dealer executive brings crisis-tested leadership to the AI-powered data platform
Arax and Waverly also staged their own East Coast expansions by acquiring a family-owned practice and a Maryland-based wealth firm.
The indie RIA-focused custodian adds alternatives from Blackstone, KKR, and others in a fully digital workflow with no custody fees at launch
A November hacking incident involving cloud apps used by three employee exposed names, Social Security numbers, and other account data, the mega-RIA said.
