Asset Management

Apella: $207 Million Team Independence Wealth Advisors Onboarded

By Amit Chowdhry ● Today at 12:44 AM

Apella Wealth, a financial advisory and wealth management firm, has acquired Independence Wealth Advisors, a registered investment adviser (RIA).

Cetera Reveals Alternative Investments Allocation Models

By Amit Chowdhry ● Today at 12:42 AM

Cetera has introduced its first Alternative Investments allocation model for advisors seeking to offer alternative investments to accredited-investor clients.

Raymond James Brings In $1.1 Billion Team

By Amit Chowdhry ● Today at 12:32 AM

Raymond James has welcomed seven financial advisors to its independent channel, Raymond James Financial Services (RJFS), as announced by Northeast division director Alex David.

Tikehau Capital: €1 Billion Raised To Support Egis’ Growth

By Amit Chowdhry ● Jul 7, 2025

Alternative asset manager Tikehau Capital announced a capital raise for its portfolio company Egis, reaffirming its commitment to supporting its international expansion. This deal marks the launch of Tikehau Capital’s first private equity continuation fund dedicated to Egis, with a size exceeding €1 billion.

Commonwealth: $430 Million Patrick Funke & Associates Team Onboarded

By Amit Chowdhry ● Jul 6, 2025

Savvy Wealth: $72 Million Raised For Financial Advisor Platform

By Amit Chowdhry ● Jul 3, 2025

Savvy Wealth - a digital-first platform for financial advisors centered around modernizing human financial advice, announced the closing of a $72 million Series B funding round, led by Industry Ventures. The funding round attracted new investors Vestigo Ventures (a venture capital firm founded by former LPL Financial CEO and Chairman Mark Casady, who joins Savvy’s Board of Directors) and Euclidean Capital. Existing investors Canvas Ventures, Thrive Capital, The House Fund, Brewer Lane Ventures and former Focus Financial executive Vamsi Yadlapati also participated. This latest funding round brings Savvy to over $100 million in total funding.

Steward Partners Onboards $1.1 Billion Team Consilium Wealth Management

By Amit Chowdhry ● Jul 2, 2025

Steward Partners, a full-service, employee-owned, independent financial services firm, announced the acquisition of Consilium Wealth Management, adding $1.1 billion in assets to its platform within the Legacy Division.

Edward Jones To Buy Overlay Management Services Capabilities From Natixis

By Amit Chowdhry ● Jun 30, 2025

Edward Jones announced it intends to acquire Natixis Investment Managers' (Natixis IM) Overlay Management Services capabilities through the purchase of select assets and an exclusive license for certain proprietary technology. And Natixis IM will continue to serve as a direct-indexing provider to Edward Jones' UMA offerings. The deal is expected to close later this year, at which time Edward Jones will serve as the overlay manager for its U.S.-based Unified Managed Accounts (UMA).

Ivy Asset Group: Evergreen Fund Passes $100 Million AUM

By Amit Chowdhry ● Jun 25, 2025

Ivy Asset Group, an established private credit manager based in Charleston, South Carolina, recently announced that its Ivy Evergreen Fund has surpassed $100 million in assets under management (AUM).

Osaic Onboarding $13.5 Billion Firm CW Advisors

By Amit Chowdhry ● Jun 23, 2025

Osaic, which is one of the nation’s largest providers of wealth management solutions and a portfolio company of Reverence Capital Partners, announced the acquisition of CW Advisors, a Boston-based registered investment advisor (RIA) managing $13.5 billion in fee-only client assets. CW Advisors serves high-net-worth and ultra-high-net-worth clients through its core wealth management and family office platform, with 140 professionals across 17 offices.

Dynasty Financial Onboards $2.6 Billion Atlanta-Based Anchyra Partners Team

By Amit Chowdhry ● Jun 20, 2025

Dynasty Financial Partners announced it has onboarded Anchyra Partners, a new independent registered investment advisory firm based in Atlanta. This team previously managed $2.6 billion in client assets. Anchyra will focus on ultra-high-net-worth clients and multi-family offices, expanding through both organic growth and acquisitions.

The Bahnsen Group: New Leadership Positions Announced

By Amit Chowdhry ● Jun 18, 2025

The Bahnsen Group, a national wealth management firm with over $7.5 billion in assets under management, announced new leadership positions and key hires in response to its growth and commitment to delivering an extraordinary client experience.

Bluespring Wealth Partners Onboards $1.4 Billion Firm SilverStar

By Amit Chowdhry ● Jun 17, 2025

Bluespring Wealth Partners - a leading acquirer of independent RIAs and hybrid wealth management firms - announced the acquisition of the existing Kestra Financial firm SilverStar Wealth Management, along with its subsequent merger into the existing Bluespring firm LifeBridge Financial Group. As combined teams, investment advisor professionals from SilverStar and LifeBridge will now oversee $1.4 billion in assets under management (AUM).

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.