The pace of RIA consolidation shows no signs of slowing, with four national firms unveiling new deals that expand their reach and capabilities across the US wealth management landscape.
Signature Estate & Investment Advisors has agreed to acquire Select Money Management, a California-based firm with $1.6 billion in assets under management.
The deal – SEIA’s second-largest to date, behind only its 2024 acquisition of $2 billion Cedar Brook in Cleveland – will add a new Orange County office and bring 10 advisors and staff into the fold.
The acquisition also marks a step forward in SEIA’s national expansion strategy, which has accelerated since its partnership with Reverence Capital Partners in 2022.
Select Money Management, which has seen consistent double-digit organic growth in recent years, is known for its expertise in faith-based and values-driven investing.
SEIA President Matt Matrisian said in a statement Tuesday that Select Money Management “shares our vision of holistic wealth management and long-term client care.” The transaction is designed to provide a clear succession plan for Select’s clients and advisors, while giving them access to SEIA’s broader platform and resources.
Tony Amaradio, founder of Select Money Management, emphasized continuity for clients, noting, “Our clients will continue working with the same trusted advisors they know, now with access to SEIA’s expanded resources and capabilities.”
With this acquisition, SEIA said it will also add AssetMark as a custodial partner and grow to 28 offices nationwide, overseeing more than $30 billion in assets under advisement.
Beacon Pointe Advisors has also expanded its national footprint, announcing the addition of three new teams: Alderfer Bergen & Co. in Indiana, which oversees $650 million in AUM; Moser Wealth Advisors in Washington, with roughly $270 million in client assets; and Amore Ambro in New York, which reports $165 million.
These acquisitions bring Beacon Pointe’s assets under advisement to approximately $48 billion and extend its presence to more than 75 offices nationwide.
The new teams bring a range of specialties, from Alderfer Bergen’s focus on the orthopedic industry to Moser Wealth Advisors’ blend of tax planning and investment management. Amore Ambro, based in Jericho, New York, is known for its disciplined, income-focused approach emphasizing dividend and bond-based strategies.
Scott Moser, partner at Moser Wealth Advisors, said the firm sought a partner “with an advanced platform and depth of resources that could support our evolution in the tax and wealth management space over the next decade.”
Beacon Pointe President Matt Cooper said the new additions “reflect our continued commitment to serving clients with excellence by bringing them into our allWEALTH platform.” The firm now counts more than 600 employees across the country.
Bluespring Wealth Partners has added New Wall Street, a Green Bay, Wisconsin–based RIA, to its network. The firm, led by Bernie Van Eperen and Chris Battle, manages $135 million in assets and is known for its low advisor-to-client ratio and personalized service. Van Eperen said the team remains focused on “a high level of customer service not typically seen in the financial services industry” and found a cultural fit with Bluespring.
New Wall Street marks the latest integration of a Kestra affiliate firm into Bluespring, following the July merger of Halcyon Wealth Advisors into Houston-based LifeBridge Financial Group.
Cerity Partners also recently announced a merger with Graypoint, an Albany, New York–based advisory firm serving high-net-worth clients and institutions. The deal will deepen Cerity Partners’ presence in the New York Capital Region and enhance its workplace solutions offering.
Daniel Nolan, president of Graypoint – which reportedly manages over $4.5 billion – said the partnership “is an extension of the same core values upon which Graypoint was founded,” and will help clients “define where their wealth meets purpose.”
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