December 10, 2024
Last month’s M&A activity in the RIA space proved hard to beat, after October broke records not only for transaction volume – 37 by Dakota’s count, surpassing the previous high of 31 deals in January 2021 – but also by magnitude, following the closing of LPL Financial’s acquisition of $100B Atria Wealth Partners.
In contrast, November was a quieter month, with Dakota tracking 17 announced M&A deals involving approximately $25.6B in client assets. That’s just 10% of the $255B in client AUM acquired in RIA deals in October, inclusive of the LPL-Atria completion. Still, there were some notable deals in the month, with Focus Financial’s The Colony Group integrating $6.1B in AUM from its merger with sister company GYL Financial Synergies and CAPTRUST’s acquisition of $5B RIA Boston Financial Management. Another big deal could be in the offing as well, with $9B Los Angeles RIA Churchill Management Group reportedly on the market.
On the RIA investments side, November was also quieter than October, with just three confirmed US minority stake deals, though again, another notable deal could materialize in the near future, with $4.8B RIA Kingsview Partners reportedly tapping Republic Capital Group to assist it with the sale of a minority stake. Serial investor Merchant Investment Management reportedly took a stake in a $1.8B FiNet shop of Wells Fargo’s, though with Wells now apparently requiring pre-approval for outside investment in FiNet practices, it will be interesting to see what effect that has on the volume of similar deals in the future. Merchant also scored a cross-border investment during the month, reportedly staking $713M Canadian advisor SPM Financial.
Meanwhile, November saw an uptick in independent advisor moves, with Dakota tracking approximately 59 moves by individual advisors or advisor teams, up from around 43 in October. LPL led recruitment activity for the third month in a row with it or its affiliated advisors adding eight teams representing over $2B in collective client assets. Raymond James again closely followed in terms of recruitment frequency, with six new additions representing $2.76B in combined client assets. In terms of client assets recruited, Bank of America stood out by nabbing a $7B private advisor duo from Citi Private Bank, though perhaps most notable in the month was Prudential Advisors completing the integration of its retail broker-dealer and RIA services with LPL. First announced in August 2023, the tie-up represents 2,800 advisors and $60B in client assets that are now part of the LPL network.
Other noteworthy developments include the launch of two new RIAs: Indivisible Partners by former Merrill Lynch wealth management head John Thiel, and THECE Wealth Management by former Corient Capital Partners co-founder Jon Tenney. Mercer Capital and Allworth Financial did deals to expand the tax services side of their business, and there were a host of advisor-recruitment-related people moves in the month as well.
Read on for a full roundup of the month’s RIA Deals, Advisor Moves, and Other News covered by Dakota:
Stifel to Buy Portion of B. Riley Wealth Management Biz for up to $35M
B. Riley Financial will sell part of its wealth management business to Stifel for $27M to $35M, with 40 to 50 advisors managing $3.5B to $4.5B in assets transitioning to Stifel in early 2025. To view the full story click here.
PE-backed Sequoia Financial Acquires $300M Family Asset Management
Sequoia Financial Group acquired Charleston, SC-based RIA Family Asset Management, adding $300M in serviced client assets and expanding its footprint to 16 offices in 10 states. To view the full story click here.
Focus Financial’s The Colony Group Acquires $6.1B Partner GYL Financial Synergies
Focus Financial partner firms The Colony Group and $6.1B-AUM GYL Financial Strategies merged into a combined enterprise that will operate 100 offices across the US. To view the full story click here.
Aspen Standard Wealth Secures $2.8B Bay Area RIA Summitry
Aspen Standard Wealth acquired Summitry, a Foster City, CA-based RIA with approximately $2.8B in AUM specializing in personalized financial planning and institutional-grade investment services. To view the full story click here.
EP Wealth Advisors Acquires Maine, Texas RIAs with $240M in AUM
EP Wealth Advisors acquired RIAs Gather Financial Planning in Maine and Riley Private Client in Texas, integrating over $240M in combined client assets to its $28.9B total AUM. To view the full story click here.
Mission Wealth Acquires $235M NorCal RIA JLFranklin Wealth Planning
Mission Wealth merged with San Rafael, CA-based RIA JLFranklin Wealth Planning, adding $235M to its over $9.2B total AUM, and marking its third partnership this year. To view the full story click here.
Wealth Enhancement Group Acquires $536M Jersey Independent RIA
Wealth Enhancement Group closed its 15th deal of the year with its acquisition of Summit, NJ-based M&R Capital Management, which manages approximately $536M in client assets. To view the full story click here.
Report: $9B Los Angeles RIA Churchill Management Seeks Sale
Churchill Management Group, a Los Angeles-based RIA with $9B in AUM, is exploring a potential majority stake sale with the help of Berkshire Global Advisors. To view the full story click here.
Mercer Advisors Adds $1.7B in Assets with Quickfire Double Swoop
Mercer Advisors acquired Minneapolis-based Waypoint Capital Advisors and Fort Collins, CO-based Chapel & Collins, adding approximately $1.7B to its $66B in total AUM. To view the full story click here.
Waverly Continues Recent Deal Spree, Acquires $900M OH RIA Buckingham
Waverly Advisors acquired $900M Buckingham Advisors in its second Ohio deal that brings the RIA’s total AUM to $15.5B. To view the full story click here.
Allworth Acquires $839M Pacific NW RIA City Fiduciary Group
In its seventh acquisition of the year, Allworth Financial acquired City Fiduciary Group, a Vancouver, WA-based RIA managing $839M in client assets. To view the full story click here.
Creative Planning Acquires $550M Kansas RIA Edmonds Duncan
Creative Planning, an RIA backed by General Atlantic and TPG, acquired Lawrence, KS-based Edmonds Duncan Registered Investment Advisors, adding $550M in client assets and marking its ninth acquisition since the beginning of 2023. To view the full story click here.
CAPTRUST Acquires $5B RIA Boston Financial Management
CAPTRUST Financial Advisors expanded its New England footprint with new offices in Cape Cod, MA, and Portland, ME, in its acquisition of Boston Financial Management managing $5B in assets. To view the full story click here.
Savant Wealth Buys $239M AUM KY-based Sortino Advisory Partners
Savant Wealth Management marked its third acquisition this year after it acquired Louisville, KY-based Sortino Advisory Partners, adding $375M in client assets to its platform. To view the full story click here.
MAG Wealth Acquires Ovation Wealth, Rebrands as Carson Wealth
Carson Group-subsidiary MAG Wealth Management closed a merger deal with Ovation Wealth Advisors to form a new Carson Wealth firm in Minnesota, with the parent company taking a 30% equity stake in the $350M-AUM combined enterprise. To view the full story click here.
Steward Acquires $850M New Jersey RIA Mainstay Wealth Mgmt
Steward Partners added Riverdale, NJ-based Mainstay Wealth Management with over $850M in serviced client assets from Ameriprise. To view the full story click here.
Report: Merchant Buys Stake in Bozeman (MT) FiNet Practice
Merchant Investment Management marked its 10th investment in a Wells Fargo Financial Network (FiNet) practice with a minority stake in $1.8B FiNet RIA Shore to Summit Wealth Management. To view the full story click here.
Summit Financial Backs Three Advisory Firms with $420M in AUM
Summit Financial acquired minority stakes in financial advisory firms Southeast Financial Group, Radiance Private Wealth, and Silvertree Retirement Planning, adding a combined $420M in client assets. To view the full story click here.
Modera Wealth Acquires $467M Maryland RIA Bay Point
Modera Wealth Management acquired Maryland-based Bay Point Wealth, adding $467M in client assets. To view the full story click here.
Report: $4.8B Kingsview Partners Taps Investment Bank for Stake Sale
Grants Pass, OR-based serial RIA investor Kingsview Partners has retained Republic Capital Group to assist in the sale of a minority stake to drive additional organic and strategic growth. To view the full story click here.
Cresset Secures $150M Investment from Constellation Wealth
Cresset received a $150M minority investment from wealth management and MFO investor Constellation Wealth Capital to fuel growth and acquisitions. To view the full story click here.
Report: RBC Lands $1.45B Northeast Teams from Morgan Stanley
RBC Wealth Management added former Morgan Stanley advisory teams Quarry Lake Group and The Smalley Girardi Group, based in Maryland and Connecticut, respectively, and managing a combined $1.45B in assets. To view the full story click here.
Diversify Adds Two Advisors Managing $215M in Client Assets
Diversify Advisor Network recruited advisors Michael McHugh and Griffin Wealth Partners with over $215M in combined client assets incorporated into its total AUM. To view the full story click here.
Insigneo Adds Former Merrill LatAm HNW Advisor to Miami Team
Miami-based Insigneo hired veteran advisor Esteban Diaz from Merrill Lynch, to strengthen its high-net-worth client services in Latin America. To view the full story click here.
Dynasty Affiliate Cyndeo Wealth Recruits $200M Advisor to its Exec Team
Shawn Jiles, a veteran advisor from Merrill Lynch and Bison Wealth, joined Dynasty-affiliate Cyndeo Wealth Management to strengthen its presence in Central Florida, bringing 20 years of experience with over $200M in assets from servicing HNW clients. To view the full story click here.
LPL Financial Adds SoCal Advisor, Launches GWC Financial Advisors
LPL Financial added Michael Bernier, a former Canter Wealth advisor managing approximately $165M, to its Linsco employee advisor channel, forming GWC Financial Advisors in San Diego. To view the full story click here.
Bison Recruits Former $450M BNY Mellon Principal
Bison Wealth Management opens a new office in New York with its recruitment of former BNY Mellon Wealth Management principal James McTiernan, who manages $450M in client assets. To view the full story click here.
Rockefeller Confirms Addition of Former $3.6B Morgan Stanley Team Leader
Rockefeller Capital Management confirmed that HNW advisor Joseph Najar has joined the firm and formed Partners Wealth Group with three members of his former Carrier Group at Morgan Stanley. To view the full story click here.
Report: Morgan Stanley Recruits $1.5B FL Team from Merrill Private Wealth
Morgan Stanley added Boca Raton, FL-based team MM & Associates Group from Merrill Lynch, where they serviced approximately $1.5B in client assets. To view the full story click here.
Kestra Private Wealth Adds Veteran Advisor to Rebranded $300M Riverside Unit
Worth Trainor joined Kestra Private Wealth as managing partner of the firm’s Stuart, FL-based subsidiary The Sade Group, rebranded as Riverside Private Wealth Management that oversees $300M in client assets. To view the full story click here.
LPL Recruits $165M Tempe (AZ) Team from Osaic
S&G Wealth Partners, a Tempe, AZ-based group with $165M in AUM, has moved from Osaic and partnered with LPL Financial to leverage its platforms. To view the full story click here.
NewEdge Wealth Recruits Former Pallas Capital Advisors SVP As Principal
NewEdge Wealth recruited former Pallas Capital Advisors SVP Christopher Ayer as principal in opening its first New Hampshire office. To view the full story click here.
Wedbush Securities Recruits B. Riley Advisor to Expand Houston Presence
Los Angeles-based Wedbush Securities appointed Lisa Marcelli, a former B. Riley executive, as managing director for independent franchise Skyward Financial to expand its presence in Texas. To view the full story click here.
Fifth Third Adds $2B Charlotte (NC) Advisor Team from TIAA-CREF
Fifth Third Wealth Advisors added a $2B advisory team, composed of Murray Kinslaw, Scott Cislo, and Scott Bailey from TIAA-CREF, to expand its presence in Charlotte, NC. To view the full story click here.
UBS Nabs Veteran Washington (DC) UHNW Advisor from RBC Wealth
Former RBC Wealth Management advisor Anibal Drelichman joined UBS, expanding its services in the Washington area. To view the full story click here.
LPL Recruits $410M LA County RIA from Osaic
LPL Financial added six-person Southern California team Nexus Wealth Partners from Osaic, where they managed over $410M in client assets. To view the full story click here.
Ameriprise TX Affiliate Q5 Wealth Mgmt Adds $100M Morgan Stanley Advisor
Ameriprise-backed Texas RIA Q5 Wealth Management expanded its team as it recruited former Morgan Stanley advisor Scott Guptill, adding $100M in client assets to the firm’s approximately $1.5B in total AUM. To view the full story click here.
Wedbush Expands Philly Office with Former B. Riley Team
Wedbush Securities added to its Philadelphia footprint with its recruitment of the McCall Connelly Group, composed of experienced advisors Mike McCall and Mike Connelly, from B. Riley. To view the full story click here.
Kingsview Partners Recruits Edward Jones Advisor, Opens New MI Office
Former Edward Jones advisor Greg L. LaFreniere joined Chicago-based Kingsview Partners with $200M in serviced client assets, opening a new Michigan location for the firm which manages a total AUM of approximately $3.58B. To view the full story click here.
$500M NY RIA Diversified Capital Joins Commonwealth from LPL
Commonwealth Financial Network added $550M in assets as it recruited Diversified Capital Management, which will drop its RIA registration and affiliation with LPL following the move. To view the full story click here.
WealthKC Recruits $120M HNW Advisor from Edward Jones
Lucas Fender from Edward Jones moved to WealthKC, bringing $120M in client assets and expanding the firm’s team to four advisors and three support staff across Kansas City and Overland Park. To view the full story click here.
Report: Key Family Wealth Adds Three to Advisor Team
Key Private Bank recruited Lisa Maurer, Nilufar Barak, and John Jezowski—all with extensive experience in servicing UHNW clients—into its multi-family office unit Key Family Wealth. To view the full story click here.
LPL Recruits $540M San Diego Team from US Bank
Advisors Ryan Kirby and Michael Alvarez from US Bank’s wealth management division joined existing LPL affiliate Seapoint Wealth Advisors, operating out of a new San Diego office and bringing $540M in assets. To view the full story click here.
Steward Partners Adds Advisors, Forms $377M G2G Wealth Mgt in GA, South FL
Steward Partners established G2G Wealth Management as it combined two newly-recruited advisors, Bergs and Miller Family Wealth, with $377M in assets operating across Florida and Georgia. To view the full story click here.
Report: RayJay Adds $1.8B Merrill, Wells Fargo Teams in Ohio
Raymond James added two Ohio advisor teams from Merrill Lynch and Wells Fargo representing over $1.8B in combined managed assets. To view the full story click here.
LPL Adds $140M Chico (CA) Team from Osaic
LPL landed its third recruitment from Osaic this month as it added $140M Prosperity Investment Management team in Chico, CA. To view the full story click here.
Integrated Partners Recruits Boston Team from Claro, Forms Generation Capital
Former Claro SVP Samuel Diabakerly joined Integrated Partners and will lead the firm’s newly-launched Boston-based affiliate partner General Capital Advisors. To view the full story click here.
Cetera Unit Avantax Adds South Carolina Advisor
Cetera Holdings added Trust Matters Financial founder Carolyn Bare into its Dallas-based, tax-focused financial planning and wealth management unit Avantax. To view the full story click here.
Cetera Adds FL Credit Union’s Eglin Wealth Mgmt to Advisor Network
Cetera Financial Group and Eglin Federal Credit Union announced a strategic partnership that would provide investment services to Eglin members through Cetera’s financial institutions platform. To view the full story click here.
Report: Morgan Stanley Adds $1.4B Michigan Team from Merrill Lynch
A financial advisory team in Bloomfield Hills, MI, managing $1.4B in client assets, joined Morgan Stanley from Merrill Lynch. To view the full story click here.
Report: $445M émigré Moves from Wells Fargo Private Client Group to FiNet
Wells Fargo private client advisor William Hayden Bates, servicing $445M in client assets, transitioned to the wirehouse’s FiNet wealth manager Seventy2 Capital. To view the full story click here.
Osaic Adds $180M Buffalo (NY) Team from Cetera
Osaic recruited the Buffalo, NY-based Nova Wealth team previously with Cetera, where they managed approximately $180M in client assets. To view the full story click here.
Sowell Management Adds Three Advisors, $220M in AUM
Sowell Management added Madison, AL-based Ellis Wealth Advisors from Raymond James; Camden, AK-based Rivers Investment Group from Osaic; and Florida advisor Gregg Brant from Edward Jones, in three recruitments made during the third quarter that added over $220M in combined AUM to the firm. To view the full story click here.
WSFS, Bryn Mawr Trust Provide Recruiting Update
WSFS Financial and its subsidiary Bryn Mawn added 16 new hires into its wealth and trust, advisory, and private banking units. To view the full story click here.
Report: Ampersand Recruits NoVa Team from Wells Fargo
Northern Virginia advisors Jeffrey Upchurch and Ann Senger, both formerly of Wells Fargo, joined Ampersand Partners, where they formed independent practice Entandem Wealth. To view the full story click here.
Prime Capital Recruits Edelman Advisor to Enter Utah Market
Prime Capital Financial made its first entry into the Utah market with the addition of Salt Lake City-based advisor Jared Copinga from Edelman Financial Engines. To view the full story click here.
Aegis Capital Names Former LPL Advisor as MD
Former LPL advisor Charles Marques joined Aegis Capital as its new managing director, operating out of Davie, FL. To view the full story click here.
LPL Adds $350M Ohio Team, Strata Financial Group
LPL Financial added $350M in client assets with its recruitment of Ohio-based Strata Financial Group from Osaic. To view the full story click here.
RayJay Boosts Vancouver (WA) Presence with $190M Edward Jones Team
Brian Harmon and David Brown, formerly with Edward Jones, joined Raymond James with their $190M Vista NW Wealth Management practice. To view the full story click here.
Aspiriant Beefs Up Wealth Team with Two Hires for Mountain View (CA) Office
Los Angeles-based RIA Aspiriant expanded its Mountain View office with senior wealth managers Tim Harvey from The Mather Group and Rohit Mansukhani from ICONIQ Capital. To view the full story click here.
RFG Adds 21 Advisors, $600M in Client Assets YTD in 2024
RFG Advisory nearly doubled its advisor recruitment in 2024, adding 21 advisors managing $600M in client assets, and increasing its AUA to $5.7B. To view the full story click here.
Ameriprise Recruits $110M Minnesota Advisor from LPL
Edina, MN-based advisor Steve Salmon joined Ameriprise from LPL, bringing $110M in client assets from his Salmon Wealth Management practice. To view the full story click here.
UBS Recruits NYC Advisor from Morgan Stanley
UBS recruited Jason Zachter, formerly with Morgan Stanley, as managing director to its New York office. To view the full story click here.
Raymond James Adds $514M Florida, $150M Arkansas Teams
Raymond James expanded its footprint in Florida and Arkansas with the addition of the Grubb group, managing $514M in client assets, and Thomas Watts, managing $150M. To view the full story click here.
Cetera Recruits $300M Central Missouri Wealth Manager
Bart Schulte, a former portfolio manager at Central Trust Company, joined Cetera Financial Group as a senior wealth manager with approximately $300M in managed client assets. To view the full story click here.
LPL’s Good Life Recruits Veteran PA Advisor from Cetera
Good Life Cos., an affiliate of LPL Financial, added Transitions Wealth Management, led by Karen Bostick, from Cetera. To view the full story click here.
Report: BofA Private Bank Recruits $7B Advisor Team from Citi
Bank of America scored private advisors Lauren Stuhmer and Phillip Edwars from Citi Private Bank to its Palm Beach, FL, office, adding $7B in client assets to its total AUM. To view the full story click here.
UBS Makes $1.9B Miami Double Swoop
UBS expanded its Miami operations with the addition of AMD Wealth Partners, bringing $1.4B in assets, and Jose Garcia, adding another $500M. To view the full story click here.
Arete Recruits Alts-centric Advisor HudsonCapital From B. Riley
Following B. Riley’s announcement that it will divest its wealth management business, its affiliate HudsonPoint Capital has left the firm to join Arete Wealth. To view the full story click here.
LPL Adds $250M Utah Team from Northwestern Mutual
Former Northwestern Mutual advisors Will Beck, Mike Macfarlane, Tyler Vongsawad, and Sam Rosen, managing $250M in combined client assets, joined LPL and launched their Pleasant Grove, UT-based independent practice Happier Wealth. To view the full story click here.
Brookstone Recruits $186M Raleigh (NC) RIA Copperleaf Capital
Raleigh, NC-based RIA Copperleaf Capital, managing nearly $186M in assets, became an affiliate of Brookstone Capital Management under AmeriLife Wealth Group. To view the full story click here.
Avantax Lands $143M Chicagoland Advisor from Edward Jones
Cetera Holdings’ Avantax added former Edward Jones advisor Andrew Erickson, who has launched ClearGuide Wealth with $143M in managed client assets. To view the full story click here.
Janney Opens New Chicago Branch, Adds Advisor in Charlotte (NC)
Janney Montgomery Scott expanded its operations with the recruitment of Bob Stiles in Charlotte and Ned Kennedy as complex director for its new Chicago office. To view the full story click here.
Aegis Capital Draws $100M Florida Advisor from Ameriprise
Aegis Capital recruited Michael Sandberg from Ameriprise, where he serviced over $100M in client assets, as managing director in the firm’s Boca Raton, FL, office. To view the full story click here.
Equitable Adds TX, CA Advisors Managing a Combined $200M
Christopher Comer and Andrew Minker joined Equitable Advisors from Edward Jones and Ameriprise, respectively, bringing $200M in combined client assets. To view the full story click here.
RayJay Adds $105M Edward Jones Advisor to Fort Meyers (FL) Team
Raymond James hired Brad Jessen from Edward Jones, adding $105M in managed assets to the firm’s Fort Meyers, FL-based team. To view the full story click here.
Strive Launches New Wealth Management Biz, Moves Corporate HQ to Dallas
Strive Enterprises launched a new wealth management venture in Dallas focused on Bitcoin integration and relocated its headquarters to the Texas city. To view the full story click here.
Former Merrill Wealth Head Launching New RIA Indivisible Partners
Former Merrill Lynch wealth management head John Thiel founded Indivisible Partners, a new independent RIA based in Clearwater, FL, recruiting a team of experienced industry veterans from Merill, Fidelity, and other firms to lead the company. To view the full story click here.
Corient Founding Partner Tenney Leaves for New RIA THECE Wealth Management
Corient Capital Partners co-founder Jon Tenney has left to launch THECE Wealth Management, a new Newport Beach, CA-based RIA, partnering with former Corient colleague Jacob Halladay. To view the full story click here.
Father-Son Duo Launches $750M Chicago RIA Targeting HNW Investors
Veteran advisor Mark Resnik and his son Steven launched Burling Wealth Management, a Chicago-based independent RIA focused on HNW clients. To view the full story click here.
Report: Lido Sold Nearly $20M in Equity to Employees in Q3
Lido Advisors employees purchased nearly $20M in company equity, increasing employee ownership to 45-50%, as part of the firm’s equity program designed to foster a “deeper sense of ownership.” To view the full story click here.
Report: Wells to Require Pre-Approval for Outside Investment in FiNet Shops
Wells Fargo Advisors is requiring independent brokers in its “FiNet” financial network channel to obtain approval before selling stakes in their practices, a move aimed at complying with FINRA regulations and potentially preventing conflicts of interest. To view the full story click here.
Calamos Promotes RIA Sales Lead Kiley to Head Distribution
Calamos Investment’s Head of Sales Thomas Kiley has been promoted as chief distribution officer, joining the CEO executive team. To view the full story click here.
UBS Hires Ameriprise MD to Lead Wealth Management in Arizona
Former Ameriprise Managing Director Ryan Lurie joined UBS Wealth Management as executive director overseeing operations in Phoenix and Scottsdale, AZ. To view the full story click here.
Goldman Sachs Expands Family Office Solutions Offering
Goldman Sachs launched a unified family office platform through combining Ayco and Private Wealth Management, offering “à la carte” services and dedicated teams to cater to client needs. To view the full story click here.
Evercore Wealth Recruits JPM UHNW Exec to Head Marketing and Sales
Evercore Wealth Management appointed Tracy Schneider as managing director and director of marking and sales coordination. To view the full story click here.
Pathstone Recruits Former Schwab FO Exec as Chief Growth Officer
Pathstone tapped former Charles Schwab family office head Eddie Brown as its new chief growth officer. To view the full story click here.
Report: Merchant IM Takes Minority Stake in $713M Canadian Advisor SPM
Serial RIA investor Merchant Investment Management marked its 85th investment as it acquired a minority interest in Canadian firm SPM Financial, which manages approximately $713M in AUM. To view the full story click here.
Prudential Completes Integration of Retail, Advisory Ops with LPL Platform
Prudential Advisors completed the transition of its retail broker-dealer and RIA services to LPL Financial, representing 2,800 advisors and $60B in assets integrated into the LPL network. To view the full story click here.
Mercer Capital Acquires Private Business Valuation Firm
Florida-based Business Valuation Analysts joined Mercer Capital in a deal that expands Mercer’s federal tax services practice. To view the full story click here.
Elevation Point Names Heads of Marketing and Advisor Experience, Ops
Elevation Point made two new appointments in its leadership team with Jenna Bloomgarden named as head of marketing and advisor experience and Brian R. Terraciano as head of operations. To view the full story click here.
Allworth Grows Tax Services Biz, Bay Area Footprint with CCA Acquisition
Allworth Financial acquired CCA LLP, a 25-person accounting firm in Pleasant Hill, CA, to boost its tax services and Bay Area presence. To view the full story click here.
Piper Sandler Enlists Cresset Co-founder to Advise on RIA M&A
Piper Sandler appointed Matt Somma as a managing director to advise asset and wealth management firms, family offices, and RIAs on M&A, capital raises, and strategic alternatives. To view the full story click here.
Report: Merchant Hires Blue Owl and Caryle Vet, Parts Ways with Alaris
Serial RIA investor Merchant Investment Management appointed Matt McPeak as managing director to focus on acquisitions and debt solutions, while also parting ways with its M&A partner Alaris Acquisitions. To view the full story click here.
KingsRock Expands in Latin America via One Partners Alliance in Brazil
KingsRock Advisors and One Partners formed a strategic alliance to expand cross-border capital markets and M&A advisory services in North America, Asia Pacific, and Latin America. To view the full story click here.
BMO Family Office Research Head Departs, Seeks CIO Post
John Banker, managing director and head of investment research at BMO Family Office, departed the firm after nearly two decades to seek a role as CIO. To view the full story click here.
Perigon Recruits New Compliance, Organic Growth Heads from LPL, Cresset
Perigon tapped former LPL executive Jonathan Robbins as its new chief compliance officer and former Cresset director Michale Mignosi as its new organic growth director. To view the full story click here.
PNC Investments Nabs Wells Fargo Advisor Recruiting Head
PNC Investments hired Brendan Krebs, a former Wells Fargo executive, as managing director to lead the firm’s wealth advisory team and drive growth in the Boston market. To view the full story click here.
