Asset Management

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.

Mercer Advisors Brings In $3 Billion Team Tufton Capital Management

By Amit Chowdhry ● May 15, 2025

Mercer Global Advisors—a national Registered Investment Adviser (RIA)—announced the acquisition of Tufton Capital Management, a financial planning and advisory firm based in Hunt Valley, Maryland. This acquisition enhances Mercer Advisors’ presence in the greater Washington, DC, market. With Tufton Capital, Mercer Advisors will have approximately $3 billion in client assets in the region.

Sanctuary Wealth Onboards $2 Billion Team 1280 Financial Partners

By Amit Chowdhry ● May 15, 2025

Sanctuary Wealth, a firm that provides elite financial advisors the freedom and choice to thrive in an evolving industry, announced it welcomed 1280 Financial Partners to its growing network of Partner Firms. The veteran team came together in 2021 to serve institutional and private clients. This former UBS-affiliated firm is tapping into Sanctuary's Strategic Capital Partnership program as they launch their new independent firm, which currently manages approximately $2 billion in total client assets.

Edelman Financial Buying $426 Million Firm Cahill Wealth Management

By Amit Chowdhry ● May 15, 2025

Investment advisory firm Edelman Financial Engines (EFE) is buying Cahill Wealth Management. Based in Kalamazoo, Michigan, Cahill Wealth Management is an investment advisory firm managing approximately $426 million for 125 clients.

Stash: $146 Million Series H Raised And $4.3 Billion AUM Milestone

By Amit Chowdhry ● May 13, 2025

Stash, a transformative platform helping millions build financial futures, announced that it has secured $146 million in an oversubscribed new Series H funding through a round led by Goodwater Capital, with participation from returning investors Union Square Ventures, StepStone Group, Serengeti, and the University of Illinois Foundation, and funds and accounts advised by T. Rowe Price Investment Management.

Balefire: New Firm Formed Through $3.7 Billion AUM Merger Of VisionPoint Advisory And Navitas Wealth

By Amit Chowdhry ● May 12, 2025

VisionPoint Advisory Group and Navitas Wealth Advisors merged to form Balefire, a comprehensive wealth management firm designed to meet the growing demand for integrated and high-capability financial and business advisory solutions for affluent individuals, families, and businesses.

Maridea Wealth: Strategic Investment From 119th Street Capital

By Amit Chowdhry ● May 5, 2025

119th Street Capital - a private investment firm specializing in financial services - announced a strategic investment in Maridea Wealth Management, a leading independent wealth management firm. This funding, made alongside Pelican Capital, will support Maridea’s continued growth, expansion, and commitment to delivering best-in-class advisory services to individuals and families across the US.

Mariner Adding $325 Million Team Hyre Personal Wealth Advisors

By Amit Chowdhry ● May 5, 2025

Mariner, a national financial services firm, announced the acquisition of Hyre Personal Wealth Advisors. This deal adds about $325 million in assets under advisement and establishes the firm’s second office in Columbus, Ohio, and eighth in the Buckeye State.

Stonepeak Unveils Data Center Company Montera Infrastructure

By Amit Chowdhry ● May 4, 2025

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced Montera Infrastructure's launch, which is a new North American hyperscale-focused data center company with a $1.5 billion equity commitment.

Edward Jones: Offerings Expanded For HNW Clients

By Amit Chowdhry ● May 4, 2025

Edward Jones announced it is expanding its offerings to include alternative investments available to eligible clients in Edward Jones Generations, the firm's first private client service for U.S. high net worth investors. And this move validates the firm's commitment to providing sophisticated financial products, solutions and personalized experiences for clients with $10 million or more in investable assets.

Pritzker Alternative Strategies: Differentiated Family Capital Investment Firm Launched

By Amit Chowdhry ● May 2, 2025

Pritzker Alternative Strategies (PAS) announced it has formed a dedicated family capital investment firm for passive investing in high-quality private equity funds. Chaired by Tony Pritzker, PAS allocates Pritzker family capital to often harder-to-access lower and middle-market private equity funds. Guided by the Pritzker family legacy of building businesses, PAS has extensive family and private equity relationships and a proven private market investing track record.

CW Advisors: $1.4 Billion In AUM Added With Two RIA Acquisitions

By Amit Chowdhry ● May 1, 2025

CW Advisors - a registered investment advisor (RIA) based in Boston - announced it has acquired Wolf Group Capital Advisors (WGCA) and Parsons Capital Management. WGCA, an RIA based in Fairfax, Virginia, provides comprehensive wealth management to high-net-worth clients. Parsons, a fee-only RIA providing investment management and financial planning, is located in New Hope, Pennsylvania. The deals add more than $1.4 billion in assets under management (AUM) to CWA.

Catalyst Opportunity Funds: Fund II Closed At $140 Million

By Amit Chowdhry ● Apr 30, 2025

Catalyst Opportunity Funds, a double-bottom-line real estate investment platform focused on impactful investments in historically underserved U.S. markets, announced the final closing of Catalyst Opportunity Fund II LP with total capital commitments of $140 million.

Integrated Partners: $100+ Million Team Albritton Financial Services Onboarded

By Amit Chowdhry ● Apr 30, 2025

Integrated Partners - a national financial planning and registered investment advisory (RIA) firm serving over $21 billion in assets under advisement (AUA) - announced the addition of Albritton Financial Services to its expanding network of advisors. Based out of Creve Coeur, Missouri, Albritton brings over $100 million in assets under management (AUM) to the Integrated platform.

Fortage Capital Advisors: Investment Raised From Elevation Point

By Amit Chowdhry ● Apr 29, 2025

Elevation Point, a growth accelerator and minority stake partner for independent advisors and breakaway firms, announced its strategic investment in Fortage Capital Advisors, a newly established wealth management firm based in Bloomfield Hills, Michigan. This firm will provide investment management and financial advice tailored to each client's needs.

Raymond James: $325 Million Alaska-Based FA Al Biss Added

By Amit Chowdhry ● Apr 29, 2025

Raymond James announced it welcomed financial advisor Al Biss to Raymond James Financial Services (RJFS) – which is the firm’s independent advisor channel. As Biss Wealth Partners (based in Anchorage, Alaska), the advisor is joined by registered representative Vanessa Carpenter.

Modern Wealth Management: $7.5 Billion AUM Surpassed Following OFM Acquisition

By Amit Chowdhry ● Apr 29, 2025

Modern Wealth Management—a registered investment advisory (RIA) firm founded to meet financial professionals' and clients' evolving needs—announced an asset purchase agreement with Chicago-based OFM Wealth. This deal propels Modern Wealth’s assets under management (AUM) to over $7.5 billion and marks the firm’s 16th acquisition since its launch in April 2023.