Pathstone, an Englewood, New Jersey-based registered investment adviser advising on $38 billion in assets, has entered into an agreement to acquire Dyson Capital Advisors, an Alexandria, Virginia-based RIA firm overseeing $3.5 billion.
Terms of the planned acquisition were not disclosed.
Dyson was founded in 2007 by Nicholas Perrins and Scott Darling, who previously ran a single-family office, and were joined by Sarb Shah as a partner in 2013, Pathstone said in a press release.
The acquisition will bring Pathstone’s total assets under advisement to approximately $38 billion. Pathstone will now be in 14 locations with 295 team members, more than 115 of whom are shareholders of the firm.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
