HoyleCohen, a registered investment adviser based in San Diego, California, that is part of Focus Financial Partners, will acquire Stellar Capital Management, a Phoenix, Arizona-based RIA.
Terms of the transaction, which will close in the third quarter, were not disclosed.
HoyleCohen manages $1.9 billion in assets; Stellar Capital manages approximately $400 million in assets.
Also, Nitrogen has added Indivisible Partners to its integration network, while Wealthtender unveiled an AI-focused update to help boost advisors' online presence.
The giant hybrid RIA's latest East Coast move adds $175 million in recruited assets as it looks to offset broader advisor attrition.
Regulator is asking for feedback on how this might work.
President says he has a ‘couple of people in mind’ for central bank role.
Wall Street firm partners with Dutch online broker to fuel push into EU market.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
