Asset Management

Commonwealth Onboards $1.5 Billion Angelo Planning Group

By Amit Chowdhry ● Jun 14, 2025

Commonwealth Financial Network, a national Registered Investment Advisor (RIA) dedicated to providing financial advisors with integrated business solutions, has announced the welcome of the Rochester, New York-based Angelo Planning Group (APG) to its network of independent advisors.

Edelman Financial Engines: Ralph Haberli Named As President

By Amit Chowdhry ● Jun 14, 2025

Edelman Financial Engines (EFE), a leading independent wealth planning and workplace investment advisory firm, announced the appointment of Ralph Haberli as President, effective July 2, 2025. And he will report directly to CEO Jay Shah.

Benefit Street Partners: $500 Million Secured For Third Captive U.S. CLO Equity Fund

By Amit Chowdhry ● Jun 12, 2025

Benefit Street Partners (BSP), a leading credit-focused alternative asset management firm and a subsidiary of Franklin Templeton, announced that it has closed on $500 million in total equity commitments for its third captive U.S. CLO equity fund, BSP CLO Equity III.

Brookfield Advancing AI Infrastructure In Sweden With SEK 95 Billion Investment

By Amit Chowdhry ● Jun 11, 2025

Brookfield Asset Management announced up to SEK 95 billion ($10 billion) of investment to support the development of artificial intelligence (“AI”) infrastructure in Sweden. This investment represents one of Brookfield’s most significant AI investments in Europe, extending the partnership with the Swedish government, its public authorities, academia, and businesses in the region.

Manhattan West: Kevin Cohen Joins As Managing Director

By Amit Chowdhry ● Jun 11, 2025

Manhattan West, a modern investment firm providing a fully integrated platform of wealth management services and proprietary alternative investments, announced the appointment of Kevin Cohen as Managing Director of the firm's Late-Stage Venture Capital group. As a seasoned veteran in the secondary venture market, Cohen brings nearly two decades of experience in sourcing and executing strategic investments in high-growth private companies.

Churchill Asset Management: $1.5 Billion Raised For Co-Investment Fund II

By Amit Chowdhry ● Jun 10, 2025

Churchill Asset Management (an investment specialist of Nuveen) announced the final closing of Churchill Co-Investment Fund II with $1.5 billion in limited partner commitments. This oversubscribed fund, which seeks to generate superior risk-adjusted returns through equity co-investments alongside private equity sponsors in U.S. middle market businesses, reached its hard cap and is nearly 3.5x the size of its predecessor fund.

EP Wealth Advisors Onboards $900 Million Buffington Mohr McNeal Team

By Amit Chowdhry ● Jun 10, 2025

EP Wealth Advisors, a leading fee-only registered investment advisor (RIA), announced a strategic partnership with Buffington Mohr McNeal (BMM), a long-standing RIA firm in Boise, Idaho. This new deal enhances EP Wealth’s presence in the Intermountain West, adding nearly $900 million in assets under management (AUM).

CAPTRUST: Michael Wunderli Named As Head of M&A

By Amit Chowdhry ● Jun 10, 2025

CAPTRUST Financial Advisors announced the appointment of Mike Wunderli as head of mergers and acquisitions (M&A). And Wunderli will lead the firm’s strategic inorganic growth initiatives, utilizing his broad view of the marketplace to identify firms that align with the CAPTRUST vision.

Franklin Templeton To Buy Apera For Expanding Alternatives Platform

By Amit Chowdhry ● Jun 10, 2025

Franklin Resources, a global investment management organisation operating as Franklin Templeton, announced it has entered into a definitive agreement to acquire a majority interest in Apera Asset Management, a pan-European private credit firm with over €5 billion in assets under management (AUM).

Hub International Enhances Wealth Management Services With Acquisition Of Veripax

By Amit Chowdhry ● Jun 9, 2025

Hub International Limited, a leading global insurance brokerage and financial services firm, announced that it has acquired the assets of Veripax Wealth Management (VWM). The terms of the transaction were not disclosed.

FMG And Osaic Expand Enterprise Partnership

By Amit Chowdhry ● Jun 8, 2025

FMG (a leading SaaS marketing platform for financial advisors) announced an expanded enterprise agreement with Osaic (one of the nation's largest wealth management firms). This partnership extends FMG's role as the technology engine behind MyCMO, Osaic's flagship advisor marketing program, and launches Do It For Me as a core offering for all advisors across Osaic's independent, W2, and institutional channels.

Sammons Financial Group To Buy Wealthcare Capital

By Amit Chowdhry ● Jun 8, 2025

Sammons Financial Group announced it has signed a definitive agreement to acquire Wealthcare, a Registered Investment Advisor (RIA) firm with offices in Richmond, Virginia, and Philadelphia. Wealthcare is a full-service financial advisory firm with nearly 200 independent advisors and over 12,000 clients throughout the United States.

Coldstream Onboards $2 Billion RIA Cable Hill Partners

By Amit Chowdhry ● Jun 6, 2025

Coldstream announced it has combined with Cable Hill Partners, a Portland, Oregon-based investment advisory firm managing approximately $2 billion in client assets.

Mercer Advisors Brings On $2 Billion Full Sail Capital Team

By Amit Chowdhry ● Jun 5, 2025

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - announced the acquisition of Full Sail Capital, an Oklahoma City-based wealth management firm serving high-net-worth and multigenerational families. Managing $2 billion in client assets, Full Sail marks Mercer Advisors’ second acquisition in Oklahoma, expanding its presence in Texas and Oklahoma to over $7 billion in client assets under management (AUM).

LPL: $330 Million Team Arv Private Wealth Affiliates Onboarded

By Amit Chowdhry ● Jun 4, 2025

LPL Financial announced that financial advisors Christian Reuter, James “Scott” Robinson, and Michael Capeder launched a new independent practice, Arv Private Wealth, through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth. And they reported serving approximately $330 million in advisory, brokerage and retirement plan assets and join LPL from RBC.

Envestnet: Sean Meighan Named As Head Of RIA Distribution

By Amit Chowdhry ● Jun 4, 2025

Envestnet announced the appointment of Sean Meighan as Head of RIA Distribution. This new role was created to reinforce Envestnet's deep and ongoing investment in the Registered Independent Advisor (RIA) community.

Focus Partners Onboarding $9.4 Billion Churchill Management Team

By Amit Chowdhry ● Jun 4, 2025

Focus Financial Partners (an interdependent partnership of wealth management, business management, and related financial services firms) announced that Focus Partners Wealth will buy Churchill Management Corporation in a deal expected to close in the third quarter of 2025, subject to customary closing conditions.

Simon Quick Advisors Buying Proquility

By Amit Chowdhry ● Jun 2, 2025

Simon Quick Advisors, a national independent wealth management and multi-family office firm, announced the acquisition of Proquility Private Wealth Partners, a boutique advisory firm with deep client relationships nationwide and decades of planning expertise. This deal reflects Simon Quick's values-driven approach to growth, which prioritizes cultural alignment and vision in every partnership.

Hildene Capital: $453.9 Million Non-QM Loan Securitization Closed

By Amit Chowdhry ● Jun 2, 2025

Cantor Fitzgerald To Buy $11 Billion Hedge Fund Unit Of UBS

By Amit Chowdhry ● May 30, 2025

Cantor Fitzgerald announced that it has entered into a definitive agreement to acquire UBS’s O’Connor alternatives investment platform, which includes hedge funds, private credit, and commodities, with approximately $11 billion in invested assets. This deal will significantly support Cantor Fitzgerald’s Asset Management (CFAM) capabilities and support the company’s broader growth efforts across its core businesses, including Cantor, its global investment bank.

Raymond James Brings In $2.7 Billion Trustmark Team

By Amit Chowdhry ● May 29, 2025

Raymond James Financial Institutions Division (FID) announced that Trustmark National Bank has selected the firm’s platform to enhance its financial planning and advisory offering, as announced by Stephen Kruchten, president of FID. With this new setup, Trustmark Financial Services (TFS) will provide clients with investment and wealth management services through Raymond James Financial Services.

Summit Financial: $250 Million Team Parsons Broach Joins

By Amit Chowdhry ● May 29, 2025

Summit Financial, a preeminent investment advisory firm enabling financial advisors to optimize business growth and deliver sophisticated family office services, announced an investment in Parsons Broach Financial Services to further accelerate its growth.

Steward Partners Onboards $700 Million Moore’s Wealth Team

By Amit Chowdhry ● May 29, 2025

Steward Partners, a full-service, employee-owned, and independent financial services firm, announced the acquisition of Moore's Wealth Management, adding five financial advisors and $700 million in assets to Steward Partners' roster in its Legacy Division.

Smith Anglin: Strategic Investment Raised From Hightower

By Amit Chowdhry ● May 28, 2025

Hightower announced that the firm has made a strategic investment in Smith Anglin, a financial planning and wealth management practice based in Dallas, Texas, with about $2 billion in assets under management. Originally founded in 1967, the 34-person Smith Anglin team offers an integrated retirement preparedness and tax preparation experience tailored to the aviation industry.

Summit Trail Advisors: Jeff Ringdahl Named As President And COO

By Amit Chowdhry ● May 25, 2025

Summit Trail Advisors, an ultra-high-net-worth (UHNW)-focused independent registered investment advisor, announced that Jeff Ringdahl has joined the firm as Partner, President and Chief Operating Officer in New York.

Hightower: Strategic Investment In $3.8 Billion Wealth Practice Firm Lindbrook

By Amit Chowdhry ● May 20, 2025

Hightower announced that it has invested strategically in Lindbrook Capital, a financial planning and wealth management practice with about $3.8 billion in assets under management and offices in Los Angeles, Calabasas, California, and New York City.

J.P. Morgan Asset Management Brings In Dr. Dashyant Dhanak As Venture Partner

By Amit Chowdhry ● May 19, 2025

J.P. Morgan Life Sciences Private Capital, which is the life sciences venture and growth equity arm within J.P. Morgan Asset Management, announced the appointment of Dashyant (Dash) Dhanak, Ph.D., as Venture Partner. Dr. Dhanak will utilize his deep scientific and operational experience in therapeutics research and development to build and grow companies with Life Sciences Private Capital.

Crestline: $3.5 Billion Raised For Fourth Flagship Direct Lending Fund

By Amit Chowdhry ● May 19, 2025

Crestline Investors (a global alternative investment manager) announced the final close of Crestline Direct Lending Fund IV (CDLIV), with $3.5 billion of investable capital across the Fund, related vehicles and anticipated leverage.

Cary Street Partners Acquiring IFS Advisors

By Amit Chowdhry ● May 19, 2025

Cary Street Partners announced it acquired IFS Advisors, a respected wealth management firm based in Sarasota, Florida, headed by seasoned financial advisor Daniel J. Wolff. This move continues a string of recent expansions for Cary Street Partners.

Osaic Brings In Five Former Atria-Affiliated Credit Unions With Nearly $500 Million In Combined Client Assets

By Amit Chowdhry ● May 19, 2025

Osaic, one of the nation’s largest providers of wealth management solutions, announced further expansion of its Osaic Institutions channel by adding five new credit union-affiliated wealth management programs. Previously aligned with CUSO Financial Services (part of Atria Wealth Solutions), these institutions bring nearly $500 million in combined client assets. Each credit union will remain member-operated under its existing brand.