Asset Management

Flex: $60 Million Series B Raised To Scale Private Banking Platform For High Net Worth Business Owners

By Amit Chowdhry ● Today at 5:17 PM

Flex, a San Francisco-based fintech building an all-in-one platform that combines business and personal financial management for high-net-worth middle-market business owners, has raised a $60 million Series B equity round led by Portage Ventures. The company said the financing brings total equity raised to $105 million and will be used to expand what it describes as an AI native private bank experience for owners who typically manage a patchwork of tools to run their financial lives.

Mercer Onboards $1 Billion Firm Glass Jacobson Wealth To Expand Mid-Atlantic Presence

By Amit Chowdhry ● Today at 10:55 AM

Mercer Advisors has acquired Glass Jacobson Wealth Advisors, a Maryland-based wealth management firm overseeing approximately $1 billion in assets under management, strengthening its presence across the Mid-Atlantic region and expanding its footprint throughout the Baltimore and Washington, D.C. corridor.

Bluespring Wealth Partners Closed Nine Acquisitions In 2025, Adding Over $6 Billion in Client Assets

By Amit Chowdhry ● Yesterday at 2:54 PM

Bluespring Wealth Partners has capped a milestone year with the completion of nine acquisitions in 2025, bringing more than $6 billion in additional assets under management onto its platform and reinforcing its position as a leading acquirer in the hybrid registered investment advisor space.

IFP Onboards $700 Million CenterBridge Planning Team

By Amit Chowdhry ● Yesterday at 12:46 AM

Independent Financial Partners has brought on CenterBridge Planning Group, a five-advisor team overseeing more than $700 million in client assets, marking one of the firm’s most significant team additions to date.

Concurrent Adds 10 Advisors In Q4 As Firm Accelerates Toward $15 Billion In AUM

By Amit Chowdhry ● Yesterday at 12:42 AM

Concurrent Investment Advisors added ten advisors across the fourth quarter as the Tampa-based hybrid RIA continued a year of rapid expansion, bringing its total wealth and retirement assets to more than $30 billion. The growth reflects the firm’s ongoing momentum with its independent platform model as it moves toward surpassing $15 billion in assets under management.

TIAA Wealth Management Launches New Brand Campaign To Broaden Access To Financial Advice

By Amit Chowdhry ● Dec 11, 2025

TIAA Wealth Management has introduced a new brand platform titled Invest in Your Worth, representing a substantial repositioning of how the firm intends to deliver financial guidance to the millions of professionals it serves. The initiative reflects an expanded focus on technology investment, advisor support, and product innovation as the organization seeks to reach individuals who have accumulated meaningful retirement savings yet may not view themselves as candidates for professional financial advice.

Raymond James Partners With Bank Midwest To Support $692 Million Wealth Program Transition

By Amit Chowdhry ● Dec 11, 2025

Raymond James announced a significant expansion of its Financial Institutions Division with the addition of Bank Midwest’s investment program, bringing approximately $692 million in client assets under the Raymond James umbrella. As part of the transition, Bank Midwest’s Midwest Wealth Management unit will rebrand as Midwest Wealth Group and begin offering clients a full suite of wealth management services through Raymond James Financial Services.

Creative Planning Expands With Acquisition Of $900 Million Firm Marshall Financial Group

By Amit Chowdhry ● Dec 11, 2025

Creative Planning has completed the acquisition of Marshall Financial Group, adding more than $900 million in assets under management and bringing thirteen additional employees into the firm’s growing national platform. The transaction strengthens Creative Planning’s presence in the Mid-Atlantic region and marks another step in its expansion strategy as one of the country’s largest registered investment advisors.

NewEdge Capital: Veteran Wealth Executive James Jesse Named As New CEO

By Amit Chowdhry ● Dec 11, 2025

NewEdge Capital Group has named seasoned wealth management leader James Jesse as its new Chief Executive Officer, marking one of the firm’s most significant leadership expansions as it surpasses $80 billion in assets and accelerates its long-term growth strategy. The appointment comes as NewEdge reaches its five-year milestone and continues to deepen its capabilities for elite advisors across its NewEdge Advisors and NewEdge Wealth businesses.

Wealth Enhancement Acquires $2.2 Billion Firm L.M. Kohn & Company

By Amit Chowdhry ● Dec 11, 2025

Wealth Enhancement, a national independent wealth management firm, has expanded its national presence with the acquisition of L.M. Kohn & Company, a Cincinnati-based hybrid RIA overseeing more than $2.2 billion in client assets. The transaction increases Wealth Enhancement’s total client assets to more than $131 billion and adds 23 employees across six locations in Ohio, Georgia, Iowa, and Michigan. The deal closed on December 6, 2025.

Capital Group And KKR Expand Partnership To Develop New Retirement And Wealth Solutions

By Amit Chowdhry ● Dec 11, 2025

Capital Group and KKR announced an expanded partnership to develop new integrated retirement and wealth management offerings, building on a series of public-private investment strategies launched earlier in 2025. The enhanced collaboration introduces two new products designed to broaden access to private markets for retirement savers and wealth clients.

Grantd Launches AI Platform To Transform Equity Compensation Planning For Advisors

By Amit Chowdhry ● Dec 11, 2025

Grantd has officially introduced its AI-powered equity compensation advice platform, aiming to streamline how financial advisors analyze, manage, and maximize the value of client equity grants. The launch comes as equity compensation continues to gain prominence across public and private companies, yet many recipients still lack accessible, informed guidance.

Wealthspire Names Expanded Executive Leadership Team To Support Growth Strategy

By Amit Chowdhry ● Dec 11, 2025

Wealthspire has introduced a significantly expanded executive leadership team as the firm moves into its next stage of integration and growth following its formation as a unified company backed by Madison Dearborn Partners. The announcement includes a broad slate of senior appointments across revenue, investment management, finance, legal, people, technology, marketing, corporate development, and M&A.

Mercer Advisors Expands In PNW With Acquisition Of $260 Million Firm Thompson Advisory Services

By Amit Chowdhry ● Dec 10, 2025

Mercer Global Advisors has widened its footprint in the Pacific Northwest with the acquisition of Thompson Advisory Services, a Portland-based Registered Investment Adviser overseeing approximately $260 million in client assets. The transaction brings a multigenerational, planning-first wealth management team into Mercer Advisors’ national platform and deepens the firm’s presence in the Portland market.

Earned Expands With Acquisition Of OJM Group And Nearly $1 Billion In AUM

By Amit Chowdhry ● Dec 9, 2025

Earned announced a significant expansion of its national wealth management platform with the acquisition of OJM Group, an Ohio-based Registered Investment Adviser and financial planning firm serving physicians and high-net-worth individuals for more than twenty five years. The transaction adds nearly one billion dollars in assets under management to Earned Wealth Advisors and marks Earned’s fifth acquisition in 2025.

Allworth Financial Expands In Boston With Acquisition Of $460 Million Firm FSA Wealth Management

By Amit Chowdhry ● Dec 8, 2025

Allworth Financial has announced its acquisition of FSA Wealth Management, a Needham, Massachusetts-based fiduciary advisory firm overseeing $460 million in assets under management. The transaction marks another step in Allworth’s strategy to expand its upmarket presence in regions where demand for sophisticated, integrated financial planning continues to grow. As part of the transition, FSA’s team will move to Allworth’s existing office in Waltham, Massachusetts.

Waverly Advisors Expands Alternatives Platform With Acquisition Of Select Promus Business Lines

By Amit Chowdhry ● Dec 8, 2025

Waverly Advisors has completed the acquisition of select business lines from Chicago-based Promus Holdings. This move significantly strengthens its presence in private equity, real estate, and multi-family office services. The transaction deepens Waverly’s offerings for high-net-worth and ultra-high-net-worth families while expanding its alternative investment strategies through the formation of a new subsidiary, Promus Capital Management.

Crestline Adds $150 Million To Expand Partnership With Credent Wealth Management

By Amit Chowdhry ● Dec 8, 2025

Crestline Investors has expanded its partnership with Credent Wealth Management through an additional $150 million commitment aimed at supporting the firm’s continued expansion and acquisition efforts. Credent, founded in 2018 and headquartered in Indiana, operates as a fee-only Registered Investment Advisor and manages more than four billion dollars in assets.

Smartleaf Asset Management Doubles Assets Under Management To Surpass $6.75 Billion

By Amit Chowdhry ● Dec 7, 2025

Smartleaf Asset Management has reported a significant expansion of its outsourced portfolio management business, announcing that its assets under management have climbed past $6.75 billion. The milestone marks a substantial increase from $3.75 billion a year earlier, and highlights accelerated industry adoption of outsourced rebalancing and tax optimization solutions.

Osaic Expands With Addition Of $705 Million True Wealth Advisors And $104 Million Soundview Financial

By Amit Chowdhry ● Dec 7, 2025

Osaic, one of the nation’s largest providers of wealth management strategies, has continued its rapid expansion with the addition of two substantial independent advisory firms: True Wealth Advisors, which oversees more than $705 million in client assets, and Soundview Financial Group, which manages approximately $104 million.

Willow Wealth Introduces Evergreen Funds From Carlyle, Goldman Sachs, And StepStone

By Amit Chowdhry ● Dec 7, 2025

Willow Wealth has expanded its private markets offering with the addition of evergreen funds from Carlyle, Goldman Sachs Asset Management, and StepStone, marking a significant enhancement to its platform as demand for institutional-caliber private market exposure continues to grow.

Ivy Wealth Management: Minority Investment Raised From Summit Financial

By Amit Chowdhry ● Dec 6, 2025

Summit Financial has expanded its national registered investment advisor network with a minority investment in Ivy Wealth Management, a Northeast-based advisory firm overseeing more than $500 million in client assets. The transaction adds significant scale to Summit’s fast-growing platform, which now surpasses $25 billion in assets under advisement after completing 27 partnership deals since early 2024, including 14 this year.

Motley Fool Wealth Management To Join Apollon In Strategic Acquisition

By Amit Chowdhry ● Dec 6, 2025

Motley Fool Wealth Management announced it has signed an agreement to join Apollon Wealth Management. This move will expand the firm’s financial planning capabilities and broaden the suite of investment solutions available to its clients. The acquisition is expected to close in the first quarter of 2026, pending customary conditions.

Cetera Adds $115 Million Veteran Advisor David Bashaw After

By Amit Chowdhry ● Dec 6, 2025

Cetera has recruited longtime Commonwealth Financial Network advisor David Bashaw, a veteran financial professional who joins the firm after nearly four decades with his previous broker-dealer. Bashaw, who oversees approximately $115 million in assets for clients across New England and Florida, selected Cetera Wealth Partners following interviews with nearly a dozen firms. His transition comes shortly after LPL Financial acquired Commonwealth, prompting Bashaw to evaluate new platforms for his practice.

Wealth Enhancement Expands With Acquisition Of $532 Million Firm FPG Private Wealth

By Amit Chowdhry ● Dec 5, 2025

Wealth Enhancement has acquired FPG Private Wealth, a hybrid RIA overseeing more than $532 million in client assets, in a move that strengthens the firm’s footprint in the Midwest and increases its total client assets to over $127.8 billion. Based in Carmel and Lafayette, Indiana, FPG Private Wealth was previously affiliated with Financial Partners Group and is led by Senior Vice Presidents Andrew Moulton and Timothy Johnston, along with Financial Advisor Don Penn.

Sequoia Financial Group Expands In California With Acquisition Of $406 Million Firm Sterling Financial

By Amit Chowdhry ● Dec 4, 2025

Sequoia Financial Group has acquired Pasadena-based Sterling Financial Group, deepening its West Coast presence and adding $406 million in AUM to its growing national wealth management platform.

Allworth Financial Expands In Boston With Acquisition Of $460 Million Firm FSA Wealth Management

By Amit Chowdhry ● Dec 4, 2025

Allworth Financial has acquired FSA Wealth Management, a Needham, Massachusetts–based fiduciary advisory firm overseeing $460 million in assets, strengthening the firm’s up-market capabilities in one of the nation’s most competitive wealth hubs. The deal brings six professionals, including five financial advisors—into Allworth’s growing Greater Boston operation, with the team set to transition into Allworth’s existing Waltham office.

Citizens Adds New 401(k) Advisory Team As Private Wealth Expansion Accelerates

By Amit Chowdhry ● Dec 4, 2025

Citizens Financial Group has added its 10th new advisory team to its rapidly expanding Private Wealth business, introducing CF Retirement Solutions, a New York–based group focused on corporate employer-sponsored retirement plans. The move extends Citizens’ capabilities in 401(k) advisory services for small and mid-sized businesses nationwide.

Creative Planning Buys Burt Wealth Advisors, Adding $1 Billion in AUM

By Amit Chowdhry ● Dec 4, 2025

Creative Planning has acquired North Bethesda–based Burt Wealth Advisors, expanding its footprint and adding $1 billion in assets under management. The deal marks Creative Planning’s 15th acquisition in two years as the firm continues accelerating its nationwide growth.

Nevis: $40 Million Raised As It Emerges From Stealth To Build Wealth Management AI Tools

By Amit Chowdhry ● Dec 2, 2025

Nevis, an AI platform built to automate wealth management workflows, has emerged from stealth with $40 million in total funding after closing a $35 million Series A round led by Sequoia Capital with participation from ICONIQ and Ribbit Capital. The raise comes less than one year after the company’s founding.