The deal for the $34 billion wealth firm comes as PE-backed transactions set a new annual record, while the SEC puts a spotlight on compliance risks for advisers being acquired.
MOEs can turn into a "very morbid discussion for a leadership team," says Merit's M&A executive David Wahlen, highlighting the tough choices RIAs face as they chase the scale of mega-firms.
The deal will help Edward Jones provide a more comprehensive wealth management offering.
Carson Group also added another $1.45 billion team in Ohio, while Utah-based Diversify further extend its reach in Boston.
Also, The Mather Group adds a $300M West Coast RIA, while Arkadios Capital supports a $700M Commonwealth team's break from LPL.
Deal strengthens ties between the insurers and supports long-term growth strategy.
In a record-breaking year for M&A, the pressure is on businesses to seize the moment, but it might not always be the right deal, warns Schwab's Head of Client Consulting.
Creative Planning's subsidiary United Capital has also landed a $4 billion planning firm, while a $1 billion-plus firm joins LA-headquartered Lido Advisors in the East Coast.
The newly formed $580 billion RIA giant expands its footprint in the Tri-State area, acquiring a boutique firm focused on personalized financial planning.
Acquired firm will be folded into World branch Boston Harbor Wealth Advisors.
The deal positions Brighthouse for continued growth as it maintains leadership in variable annuities, as well as a potential competitive edge in 401(k) plans.
Wealth Enhancement is also building on its recent 100-partner milestone, while RFG Advisory adds a $340 million Arizona RIA to its platform.
The AI-powered deal consultancy's new Buyer Portal promises to put transparency and compatibility ahead of costly bidding wars.
Bluespring also secured its eighth acquisition for 2025, a $1.4 billion Kestra affiliate firm, while $609B behemoth Mariner extended its footprint.
Counting another deal in Massachusetts, the $26 billion RIA has just added more than $5 billion in assets, matching its full-2024 total.
US firm is also reported to be in talks to buy a stake in an Indian mutual fund.
Elsewhere, &Partners adds another Wells Fargo team in Texas, while MAI finalizes its acquisition of Evoke Advisors in LA.
The deal marks AssetMark’s eighth acquisition since 2014 as the $158 billion firm continues to build scale in the RIA channel.
The Wall Street giant’s newest deal, the first under CEO Ted Pick, signals a push to connect clients with private company shares and deepen relationships with high-growth firms.
New data show a 300-deal year comfortably in the cards as private equity, mid-size sellers, and sub-acquisitions emerge as key drivers.
