Touchstone Wealth Partners, a multigenerational team based in Ohio and Florida, is the fourth billion dollar-plus practice to join FiNet this year.
The offering, backed by $2.8 billion in private placement commitments, comes as Ackman simultaneously pursues a $64 billion bid for Universal Music Group.
Having nearly quadrupled its AUM since inception, the New York-based RIA is beefing up its leadership further, including executive hires from Meketa and Focus Partners.
Bill Williams, who has run the independent contractor channel since 2008, will also take over the employee advisor business, recruiting and institutional partnerships.
A staff-wide email reminded employees of ethics rules as suspicious trades around the Iran conflict draw Democratic calls for tighter regulation.
Active ETFs, defined outcome products, and shifting investor preferences are all fueling a bullish outlook for the rest of the decade.
The investment marks the latest move by the New York-based capital partner, which now backs more than 20 wealth management firms.
Plus, WealthReach acquires Model FA IP to build an organic growth consulting practice, while InvestSuite enters the US market with its StoryTeller portfolio reporting tool.
With more households willing to pay for advice, Cerulli data show a chasm between what clients think advisors are obligated to do and how their assets are actually managed, with RIAs poised to benefit.
The deal marks Corient's second acquisition of 2026 as the mega-RIA pushes toward $450 billion in combined assets.
