Asset Management

WisdomTree: AUM Reaches Record $162.9 Billion As Net Inflows Total $3.1 Billion

By Amit Chowdhry ● Yesterday at 11:41 PM

WisdomTree reached a record $162.9 billion in assets under management during the second quarter of 2026, marking the company’s sixth consecutive quarter of record AUM. Ending AUM increased 6.7% from $152.6 billion at the end of the first quarter.

Wealthsimple Reports $17 Billion In Q2 Net Flows As Assets Reach $155.6 Billion

By Amit Chowdhry ● Yesterday at 7:47 PM

Wealthsimple reported approximately $17 billion in net inflows during the second quarter of 2026, driven by strong demand for its chequing and spending products. The Toronto-based financial services company ended the quarter with $155.6 billion in assets under administration, representing an increase of 24.7% from the previous quarter and 84.1% from the prior-year period.

Wealth Enhancement To Acquire $462+ Million Firm Cloud Investments

By Amit Chowdhry ● Yesterday at 2:34 PM

Wealth Enhancement has agreed to acquire the investment advisory business of Cloud Investments, an independent registered investment adviser managing more than $462 million in client assets.

&Partners Onboards $2 Billion Firm 32 North Wealth

By Amit Chowdhry ● Yesterday at 9:41 AM

&Partners has added 32 North Wealth, a Meridian, Mississippi-based wealth management practice, to its expanding network of independent financial advisors. According to the 32 North Wealth website, the firm manages about $2 billion in AUM as of July 2026.

Cresset Expands Santa Barbara Office With $600 Million Advisor Cory Boggs

By Amit Chowdhry ● Yesterday at 9:27 AM

Cresset has expanded its Santa Barbara, California, office with the appointment of Cory Boggs as Managing Director and Wealth Advisor. Boggs previously served as a wealth manager at Manchester Capital Management, where he managed more than $600 million in client assets.

RBC Adds $1.5 Billion Focus Wealth Management Team In South Florida

By Amit Chowdhry ● Yesterday at 9:21 AM

RBC Wealth Management-U.S. has added the seven-person Focus Wealth Management team to its Palm Beach Gardens, Florida, office, strengthening the firm’s presence in South Florida and its capabilities for high-net-worth and ultra-high-net-worth clients.

Mercer Advisors Launches Aspen 2.0 AI Platform Across $110 Billion Family Office

By Amit Chowdhry ● Yesterday at 9:17 AM

Mercer Advisors has introduced the second generation of Aspen, its proprietary AI-enabled platform supporting the wealth management firm’s family office services. Developed by Mercer Advisors’ technology team over the past three years, Aspen 2.0 has been deployed across more than 1,100 interdisciplinary wealth professionals. The platform is intended to address fragmented client data and disconnected technology by creating a unified environment for advisors and specialists.

VanEck Partners With Allocate To Expand Private Markets Access For Wealth Advisors

By Amit Chowdhry ● Yesterday at 9:14 AM

VanEck has entered into a partnership with Allocate to expand access to private-market investment strategies for financial advisors, registered investment advisers and their clients. And VanEck will use Allocate’s private-markets technology and operational infrastructure to launch and manage advisor-focused offerings while retaining control over its investment strategies, products, brand and investor relationships.

T. Rowe Price Goldman Sachs Private Markets Fund Launched

By Amit Chowdhry ● Aug 1, 2026

T. Rowe Price, a global investment management firm and leader in retirement, and Goldman Sachs Asset Management have announced the launch of T. Rowe Price Goldman Sachs Private Markets Fund, a new interval fund offering private markets exposure in a single professionally managed portfolio.

Investcorp Invests In Berger Financial Group

By Amit Chowdhry ● Jul 31, 2026

Investcorp has invested in Berger Financial Group, a wealth management platform providing financial advisory services to individual investors and retirement savers across the United States. The investment adds a fee-based wealth management platform to Investcorp's growing roster of specialized business and professional services firms, which includes notable investments such as PKF O'Connor Davies, AlixPartners, CrossCountry Consulting, ICR, Resultant, and United Talent Agency.

Raymond James Welcomes $5.4 Billion California Advisor Team

By Amit Chowdhry ● Jul 31, 2026

Raymond James has welcomed financial advisors Cory Matsumoto, Rey Carandang, and Genae Affrunti to Raymond James & Associates, the firm's employee advisor channel. Operating as Capital Reserve Group of Raymond James in Newport Beach, California, the team arrives from Comerica, where they managed $5.4 billion in client assets.

Merrill Reportedly Brings In $13 Billion Team From Morgan Stanley’s Graystone Consulting

By Amit Chowdhry ● Jul 31, 2026

Merrill has added a 14-person institutional consulting team from Morgan Stanley's Graystone Consulting business that oversees more than $13 billion in client assets, according to Barron's. The team will operate out of Merrill Private Wealth Management's Boston office and serves ultra-high-net-worth families, corporate executives, entrepreneurs, and retirement plan sponsors across the United States.

LPL Announces Recruited Assets Of $25 Billion For Q2 2026, Up 35% Year-Over-Year

By Amit Chowdhry ● Jul 31, 2026

LPL Financial reported results for its second quarter ended June 30, 2026, with net income of $379 million, or $4.74 per diluted share, up 39% from a year ago. Adjusted EPS increased 29% year-over-year to $5.84. Gross profit increased 24% year-over-year to $1,618 million.

LPL Welcomes $150 Million Advisors Frank Patton and Kimberlee Mott To Balmville Wealth Group

By Amit Chowdhry ● Jul 31, 2026

LPL Financial LLC has announced that advisors Frank Patton and Kimberlee Mott of PacK Financial have joined Balmville Wealth Group. The move came through LPL's broker-dealer and Registered Investment Advisor platforms. They reported serving approximately $150 million in advisory, brokerage, and retirement plan assets and join from Cetera.

Palico Updates Pricing And Digital Tools For Larger LP-Led Secondary Transactions

By Amit Chowdhry ● Jul 30, 2026

Palico has introduced a new pricing model, expanded transaction capabilities and refreshed digital tools as it prepares to support larger limited partner-led secondary transactions. The regulated Alternative Trading System connects buyers and sellers of interests in private equity and other private funds through a fully digital marketplace.

Mercer Advisors Unveils Second Generation Of Aspen, Its AI-Enabled Platform For Fiduciary Family Offices

By Amit Chowdhry ● Jul 30, 2026

Mercer Advisors, a national wealth management and financial planning firm, unveiled the second generation of Aspen. Aspen is the firm's proprietary AI-enabled ecosystem that powers its full-spectrum family office offering.