Deal strengthens retirement plan expertise and expands national reach for fast-growing wealth firm.
Nebraska-based Furstenau Financial is the latest fully owned location to join the $57 billion-plus RIA's network, which includes more than 50 Carson Wealth locations.
“We’re really leaning into SEI and helping create a more robust partnership,” said Merit Financial Managing Principal Tyler Vernon.
Meanwhile, &Partners lures another Wells Fargo team in upstate New York, and Summitry expands in California with a new $721 million partner firm.
Former IEQ Capital executive joins fast-growing RIA as firm scales operations nationwide.
Birmingham-based advisory firm joins platform as industry demand for flexible deal structures grows.
Firm recruits UBS and Raymond James advisors in Ohio and Maryland to expand wealth platform.
RIA aims to turn M&A momentum into measurable organic growth through proprietary technology.
Range, an RIA managing about $700 million, currently employs roughly 25 financial advisors, but CEO Fahad Hassan says, "over the next one to three years, our plan is to eliminate our own advisor base," as the company further develops its AI wealth management tools.
Meanwhile, Carson announces a milestone acquisition in New Hampshire, while fee-only RIA Savant plants its third stake in Michigan.
Recruiting activity continues as firms target experienced teams and tech platforms.
The banker claims Wells Fargo used his race, gender, and disability against him.
“I'd rather help five firms grow from $2 billion to $10 billion than help 30 firms just hover along,” says AWP founder and former Focus Financial Partners chief growth officer Eric Amar.
The firms are tapping seasoned executives to spearhead national expansion, advisor recruitment, and ultra-wealth family engagement amid growing competition in the multi-family office space.
Meanwhile, Mariner makes a strategic expansion into property and casualty insurance, and Wealth Enhancement plants its first stake in Kansas with a $1.2 billion advisor team.
Agreement comes as wealthtech firm launches AI-powered wealth management system.
The new practice from the mega-RIA will focus on serving female-led households as McKinsey projects women to control $34 trillion by 2030.
Journey Strategic Wealth, a $5 billion RIA, becomes the first external acquisition for Hightower Signature Wealth, advancing the W-2 model that CEO Larry Restieri calls “largely the future of Hightower.”
Two wealth management teams overseeing more than $1B shift platforms to support growth and succession plans.
In an increasingly crowded RIA referral market, TradePMR and Robinhood are banking on the app's young investor base to funnel Gen Z and millennials with at least $250,000 in investable assets to participating advisors.
