Connectus Wealth Advisers, a Cincinnati, Ohio-based registered investment advisory firm managing $909 million, has agreed to acquire an interest in NorthCoast Asset Management, a Greenwich, Connecticut-based RIA firm managing $2.1 billion.
The transaction, the terms of which were not disclosed, will close in the fourth quarter.
Connectus is more than 75% owned by Focus Financial Partners of New York.
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.
