CEO says the top-ranked Canadian bank, which could theoretically scoop up a business as large as Schwab, has several "high-quality wealth franchises" in its sights.
Coming from Summit Financial Networks, the newest addition brings $425 million in client assets to the employee-based RIA in North Carolina.
Also, MAI Capital and Carson Group have expanded their footprints in Florida, Ohio, and Illinois with new RIA partners
The acquired firm will become part of Aprio Wealth Management.
Elsewhere in New York, RIA succession incubator Uniting Wealth Partners has welcomed a Rochester, NY-based practice.
Waverly lands its 25th deal since 2021 with a tax-focused RIA in Ohio, while independent RIAs Moneta and Private Advisor Group announce mergers in New Jersey and Michigan.
The $260 billion consolidator continues its growth in the family office space with a new stake in New England.
The two serial acquirers added new partners on separate sides of the map, including a $570 million Bay Area RIA and a $600 million planning-focused firm in Pennsylvania.
Parkwoods Wealth Partners also extended its reach in Indiana as a $350 million RIA joins the firm.
Also, a triple-deal propels Beacon Pointe to reach a $48 billion asset milestone, and Bluespring merges in another Kestra firm.
Valuations are rising for well-run firms with good financials, solid growth path.
Aspen Wealth's New England Private Wealth Advisors has also snapped up a $1.6 billion firm in New Hampshire.
The deal is expected to be worth $2.7 billion when it closes, likely in Q4 2025
The partnership aims to develop a globally scalable custody and clearing solution for advisors and the clients they serve.
Oregon-based Eagle Wealth Management and Idaho-based West Oak Capital give Mercer 11 acquisitions in 2025, matching last year's total.
Osaic-owned CW Advisors has added more than $500 million to reach $14.5 billion in AUM, while Apella's latest deal brings more than $1 billion in new client assets.
The up-and-coming Los Angeles-based RIA is looking to tap Merchant's resources to strengthen its alts distribution, advisor recruitment, and family office services.
US wealth advisory business will get international footprint boost with new tie-ups.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
The strategic merger of equals with the $27 billion RIA firm in Los Angeles marks what could be the largest unification of the summer 2025 M&A season.
