Asset Management

World Investment Advisors Brings In $3.5 Billion Boston Harbor Wealth Advisors Team

By Amit Chowdhry ● Jul 25, 2024

Leading financial advisory firm World Investment Advisors (formerly Pensionmark) announced that it has acquired Boston Harbor Wealth Advisors (BHWA), an independent financial services firm located in Westborough, Massachusetts. Specializing in comprehensive financial planning and goal-oriented investment management for individuals, families and businesses, BHWA has more than $3.5 billion in assets under management (AUM), 76 team members, and 15 offices across the Northeast and Ohio.

Avantax Adds $150 Million S&P Financial Services Team

By Amit Chowdhry ● Jul 25, 2024

Avantax - a unique community within Cetera Holdings and a leader in tax-focused financial planning and wealth management - announced it welcomed financial advisors John Surace, Kelly Powers and their S&P Financial Services team (based in Hauppauge, New York in the heart of Long Island). And transferring to Avantax from Osaic, the team has approximately $150 million in client assets under administration as of June 2024.

Serenus Wealth Advisors Launched By $1.2 Billion Team

By Amit Chowdhry ● Jul 25, 2024

Kara Boccella (a seasoned wealth advisor) and Devon Galindo, CFP, ChFC, AIF (a wealth advisor with 15+ years of experience serving high-net-worth clients) announced the launch of Serenus Wealth Advisors. The Santa Monica-based independent firm is focused on serving as a trusted partner for legal professionals, executives, entrepreneurs, and high-net-worth individuals and families nationwide.

Cetera Brings In $325 Million AUA Team

By Amit Chowdhry ● Jul 25, 2024

Cetera Financial Group announced that a nine-person team doing business as Rally Wealth and Benefits has joined Summit Financial Networks. The firm (led by President Bruce Glenn) and his daughter Managing Partner Kristina Strickland provide comprehensive financial planning and investment advice to clients and had over $325 million in assets under administration as of March 1, 2024.

CW Advisors Acquiring New Jersey-Based RIA Mercadien Asset Management

By Amit Chowdhry ● Jul 25, 2024

CW Advisors (CWA) announced the acquisition of Mercadien Asset Management, an RIA located in Hamilton, New Jersey. The terms of the deal were not disclosed.

Robertson Stephens Surpasses $6 Billion In Advisory Assets

By Amit Chowdhry ● Jul 22, 2024

Robertson Stephens Wealth Management has strategically expanded its presence in the Pacific Northwest by partnering with Rain Capital (an SEC-registered investment advisor managing over $360 million in advisory assets). And David Reichle and Ellen Kim, co-founders of Rain Capital, join Robertson Stephens as Managing Directors & Principals, along with their colleagues Chris Abbruzzese, Jamie Iversen, Luz Garcia, and Wendy Maroun.

Miravast Closes $346 Million For Second Flagship Fund

By Amit Chowdhry ● Jul 21, 2024

Miravast Asset Management, a leading vertically integrated investment manager with deep experience underwriting longevity risk and investing in life settlements, announced that it recently completed fundraising for Miravast ILS Credit Opportunities II LP (Fund II) with $346 million of fund commitments.

Star Mountain Capital: Curtis Glovier Named As Managing Director And Strategic Portfolio Officer

By Amit Chowdhry ● Jul 19, 2024

Star Mountain Capital, a specialized investment manager with over $4 billion in assets under management (AUM) focused on generating premium yield and total returns from the less efficient and resources-intensive market of U.S. private small and medium-sized businesses (SMBs), announced that Curtis Glovier has increased his involvement with Star Mountain from a Senior Advisor to a full-time role of Managing Director and Strategic Portfolio Officer.

Uptick Partners Launches With New $275 Million Financial Advisor

By Amit Chowdhry ● Jul 18, 2024

Uptick Partners - the Bridge Builder to Independence - announced the official launch of the firm’s RIA platform for advisors looking to break away from captive broker-dealers, with the arrival of the firm’s first breakaway advisor.

Farther: Wealth Management Firm Surpasses $3 Billion In AUM

By Amit Chowdhry ● Jul 17, 2024

Farther, a leading technology-centric wealth management firm, announced 32 new strategic hires and the firm’s AUM surpassed $3 billion. These new strategic hires strengthen Farther’s ability to deliver its first-of-its-kind wealth management approach that combines custom-built, world-class technology with the bespoke financial expertise of a traditional wealth advisor.

Wealth Enhancement Group Buys $123+ Million Hybrid RIA Peak Financial

By Amit Chowdhry ● Jul 17, 2024

Wealth Enhancement Group, a national independent wealth management firm with over $85.4 billion in client assets, announced it acquired Peak Financial Services, a hybrid RIA located in Northborough, Massachusetts. Peak Financial Services oversees more than $123 million in client assets and is led by Founder & President, Kevin O'Brien, CFP, AIF, CAP.