The deal creates one of the largest independent RIA footprints in the Philadelphia metro region, with more than $30 billion in combined client assets.
Cresset hires Evoke Advisors alum to expand New York presence while Callan sharpens its focus on philanthropic consulting, wealth, and legacy planning.
Arax and Waverly also staged their own East Coast expansions by acquiring a family-owned practice and a Maryland-based wealth firm.
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N10 Holdings, Zenith Wealth Partners, and Golden Wealth Management each chart a new course.
Entertainment and tax are among the additional expertise acquired by RIAs, with two deals in California and one in New Mexico.
Five partner firms will be among the first to transition into the new structure as the platform builds scale.
A November hacking incident involving cloud apps used by three employee exposed names, Social Security numbers, and other account data, the mega-RIA said.
The Osaic subsidiary targets Southern California with its Catalina Capital deal, adding another foothold as it pursues high-net-worth growth across the Western US.
The deal marks Ground Control's second UK transaction in under two years as US wealth platforms race to stake out overseas territory.
Firms continue to attract talent from larger entities to fuel rapid expansion.
The Cleveland-based wealth manager adds veteran-founded Service Academy Capital Management to Evoke, its UHNW division.
The Carmel, Indiana RIA grew nearly 150% in assets since severing ties with its first backer following a FINRA dispute.
Meanwhile, Raymond James' employee arm adds a defector from D.A. Davidson, and South Carolina-based RIA Ballast Rock Private Wealth recruits a new advisor.
New AdvizorPro data analysis reveals advisors are adding funds at a steady clip, while defense, commodities, and international equity quietly take share.
Presenting this year’s 5-Star Wealth Management Teams with strategic growth and expansion
CFO Doug Moore and EVP of financial planning Sarah Mouser will both work remotely for Merit. “I think the RIA of the future goes after talent wherever it is and tries to get people together when it makes sense,” says Merit's Alex Hansen.
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$58B RIA is giving advisors a structured toolkit to capitalize on the wealth transfer era.
Meanwhile, Farther and Brooklyn Fi land separate strategic investments to support scaling and expansion efforts, and Arkadios adds a nearly $300 million team to its independent growth platform.
