The broker-dealer giant's latest acquisition agreement extends its push towards offering enhanced financial planning and investment management.
Resilient market will be led by companies that don't shy away from deals.
CEO Dave Welling tells IN that the $72 billion mega-RIA has 'become the catalyst for employee ownership through M&A partnership.'
The "strategic divestiture" comes after years of legal challenges and speculation swirling around the analytics and data aggregation platform.
The $15.96 billion RIA is extending its footprint with a dentist-oriented Midwest practice and another Pacific Northwest team with an aerospace industry focus.
The recently rebranded Focus Partners Wealth is growing again, this time with a pending deal for a Fairfax, Virginia advisory firm.
The transaction significantly expands the firm's reach and capabilities.
Northern Trust is "absolutely loaded with wealthy clients," one executive said.
A sort-of double-deal marks Allworth's 42nd acquisition since 2018 as Apella makes its first move in Iowa.
Following Wall Street Journal reporting from unnamed sources, the Chicago-based financial giant stressed its commitment to "delivering long-term value to our stakeholders."
Carson's latest addition in Salt Lake City continues its strategy of buying out successful and growing Carson Wealth locations.
Reports of potential combination follow discussions between CEOs, sources say.
Deal volume increased post-election but now caution has taken over.
Indivisible Partners builds on its strategy to take turf in the independent space with its latest move in Colorado.
The deal for the Audax-backed RIA based in Boston gives Osaic a strategic foothold to attract more advisors and clients across the wealth spectrum.
Counting advisor moves in and out of firms requires some art as well as science.
"I'm just a big believer that based on demographics alone, we are looking at a 10-to-15 year bull market in M&A in the RIA and independent wealth space," said Michael Belluomini, SVP of M&A at Carson Group.
Transactions have slowed according to recent data as industry insider warns that the trip doesn't always match the brochure when minority investors come onboard.
The NewEdge parent company's 10th transaction in the retirement space adds compliance and prospecting support capabilities for plan advisors and other intermediaries.
However, in its note, Citi Research did not cite a direct competitor making inroads in hiring Commonwealth advisors.
