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.
The deal will see the global alts giant snap up the fintech firm, which has struggled to gain traction among advisors over the years, for up to $200 million.
Meanwhile, EP Wealth extended its Southwestern presence with a $370 million women-led firm in Santa Fe, New Mexico.
Firms in New York and Arizona are the latest additions to the mega-RIA.
RIA firms announce deals to expand their growing footprints.
The race to 100 transactions ended a month early this year, with April standing out as the most active month on record for RIA dealmaking.
Also, Merit has added an $860 million RIA to bolster its Texas presence while Concurrent's asset management arm partners with a boutique investment shop.
Decision deepens the two firms' decade-long relationship.
The RIA's addition in Dallas, previously with Raymond James, comes just as the take-private deal between Corient's parent firm in Canada and Mubadala Capital comes to completion.
Steward Partners adds a $481 million Ohio-based team, while $35.7 billion &Partners expands its reach in Minnesota.
Also, Maridea welcomes former founders of Motley Fool Wealth Management, while Lido locks in a strategic investment from private credit firm HPS.
With Parkworth Wealth Management and its Silicon Valley tech industry client base now onboard, Savant accelerates its vision of housing 10 to 12 specialty practices under its national RIA.
Meanwhile, Merchant is continuing to expand its support for RIAs by partnering with a South Dakota-chartered trust company.
