“The pipeline continues to grow and we will see more announcements in the coming months,” said Tyler Vernon, managing principal at Merit Financial.
Firm marks 20th acquisition in around two years and boost AUM to more than $73B.
PE–backed platforms, serial acquirers, and a deeper buyer bench drove record a record 466 wealth management merger deals last year, according to the M&A consultancy firm's latest tally.
US asset manager buying the UK-based firm is one of the largest cross-border deals in active asset management in recent years.
Also, Mercer Advisors taps an LPL alum to lead the evolution of its investment platform, while Mission Wealth extends its footprint in Colorado.
The world's biggest YouTube star is entering financial services as data shows that Americans under age 30 are more likely to get financial advice from social media than from finance professionals.
The latest move at Carson Wealth formalizes a long-running partnership with Brent Pine’s Arizona team and locks in a next-gen path for clients and advisors.
Acquisition expands Bluespring’s footprint as consolidation among growth-minded RIAs continues.
Strategic buyers and internal sales drive deal values to record heights as the industry matures.
The minority capital raise – also featuring Schwab, BlackRock, JPMorgan, and other existing investors – will fuel AI tech, talent development, and other growth efforts for the RIA platform.
Captrust is integrating a $2.4 billion high-net-worth team in Kansas as Beacon Pointe breaks past $62 billion with a hat trick of acquisitions.
Two deals continue consolidation in advisory space which has seen strong activity so far this month.
The Osaic network firms announce key expansions in the West and Midwestern US, with CWA's $849 million acquisition giving it additional footholds in Utah and Arizona.
EP Wealth has also acquired a socially conscious financial services firm in New Mexico, while Carson Group fully acquires another longtime partner in Atlanta.
The Joe Duran-backed New Jersey RIA’s latest partnership with a two-decade veteran broker in Minneapolis extends its growth strategy in the Midwest.
Meanwhile, Cetera announces another acquisition in its employee-based RIA arm, while Carson Group acquires another longtime partner firm.
RIA deal volume hits new high as aging advisors, PE capital and client demands fuel consolidation.
Firms expand footprints and partner rosters as advisors weigh scale, succession and support.
Elsewhere, NorthRock Partners adds an Ameriprise team to cross the $11 billion AUM mark, while Elevation Point adds a Merrill Lynch team overseeing $900 million in assets.
The deal for RBA would add a $20 billion macro shop and fresh model portfolio firepower to the active manager, which itself is the object of a take-private acquisition.
