The Colony Group, a Boston-based registered investment advisory firm managing more than $13 billion, is acquiring Legacy Wealth Partners, a Calabasas, California-based RIA managing $288 million.
Terms of the transaction, which is expected to close later this year, were not disclosed.
Brad Levin founded Legacy in 2001, and David Tracy joined the firm in 2004.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
