Asset Management

J.P. Morgan Asset Management: First Tokenized Money Market Fund Launched

By Amit Chowdhry ● Dec 15, 2025

J.P. Morgan Asset Management has launched its first tokenized money market fund, My OnChain Net Yield Fund (MONY), making it available on the public Ethereum blockchain. The firm said qualified investors can access the 506(c) private placement fund by subscribing through Morgan Money, its open-architecture trading and analytics platform for liquidity management that now integrates traditional and on-chain assets into a single institutional workflow.

Storen Financial Aligning With Dynasty To Expand Independent Wealth Platform With $500 Million In Client Assets

By Amit Chowdhry ● Dec 15, 2025

Storen Financial has established a strategic alliance with Dynasty Financial Partners to expand its wealth management capabilities, broaden investment opportunities, and streamline operations while maintaining independence. Dynasty said it is welcoming Storen Financial, an Indiana-based comprehensive financial services firm that manages approximately $500 million in client assets and serves more than 5,000 business, tax, and investment clients.

LPL Recruits Advisor Melissa Mirabile To Launch Forest Lake Wealth Partners At Linsco With $280 Million In Assets

By Amit Chowdhry ● Dec 15, 2025

LPL Financial announced financial advisor Melissa Mirabile has joined its employee advisor channel, Linsco by LPL Financial, to launch Forest Lake Wealth Partners, bringing approximately $280 million in advisory, brokerage, and retirement plan assets. Mirabile joined LPL from UBS and will be based in Albany, New York, according to the firm.

Focus Financial Partners: Adam Birenbaum Named As Incoming CEO As Michael Nathanson Transitions To Chairman

By Amit Chowdhry ● Dec 15, 2025

Focus Financial Partners said it has named Adam Birenbaum as its incoming chief executive officer as part of a succession strategy that will also move current CEO Michael Nathanson into the role of chairman. The company said Birenbaum will become CEO and a member of Focus’s board of directors effective February 1, 2026, while Nathanson will continue to serve on the board as he transitions to chairman.

MAI Capital Management Acquires $527 Million Firm Lowe Wealth Advisors

By Amit Chowdhry ● Dec 15, 2025

MAI Capital Management has acquired Lowe Wealth Advisors, a Columbia, Maryland-based registered investment advisor with $527 million in assets under management, expanding MAI’s presence across the Mid-Atlantic and adding a boutique, family-led advisory firm with deep multigenerational relationships. Terms of the transaction were not disclosed.

Procyon Acquires OLV Investment Group, Adding About $500 Million AUM

By Amit Chowdhry ● Dec 14, 2025

Procyon, an independent registered investment advisory firm headquartered in Shelton, Connecticut, said it has acquired OLV Investment Group, a wealth management firm with multiple locations in Michigan and Texas. Procyon said the transaction adds approximately $500 million in assets under management, extends the firm’s geographic reach into the Midwest and South, and brings seven financial advisors and 13 additional team members onto Procyon’s platform.

Lido Advisors Partners With $500 Million RAUM Firm Stuart Chaussée & Associates

By Amit Chowdhry ● Dec 14, 2025

Lido Advisors announced it will partner with Stuart Chaussée & Associates, an independent wealth management firm based in Palos Verdes, California, expanding Lido’s presence in the Los Angeles region and adding capabilities focused on defined-outcome strategies for high-net-worth clients.

Shelton Capital To Buy Stringer Asset Management, Adding $650 Million In Risk-Managed ETF Portfolios

By Amit Chowdhry ● Dec 14, 2025

Shelton Capital Management has agreed to acquire the assets of Stringer Asset Management, a Memphis-based investment firm focused on risk-managed portfolio solutions for financial advisors and their clients. The transaction is expected to bring Shelton’s total assets to more than $7 billion and will preserve Stringer’s full investment team and continuity of strategy.

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

By Amit Chowdhry ● Dec 13, 2025

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 ● Dec 13, 2025

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 ● Dec 12, 2025

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 ● Dec 12, 2025

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 ● Dec 12, 2025

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.