Asset Management

Merit Financial Acquiring $739 Million Firm Zimmermann Investment

By Amit Chowdhry ● Jan 14, 2025

Merit Financial Advisors - a Georgia-based financial advisory firm specializing in financial planning and wealth management solutions for high-net-worth individuals, families, and those navigating life transitions - announced it has acquired Zimmermann Investment Management & Planning. This deal will expand Merit's presence with a fourth office in Pennsylvania and increase its assets by $739 million.

Procyon Partners Appoints Mark Sullivan As SVP And Senior Private Wealth Advisor

By Amit Chowdhry ● Jan 14, 2025

Procyon Partners announced the appointment of Mark Sullivan as Senior Vice President and Senior Private Wealth Advisor, a key move in the firm’s growth strategy. And Sullivan, an industry veteran with deep expertise in wealth management, will join the team at the firm’s Shelton, Connecticut headquarters, where he is expected to play a pivotal role in advancing Procyon’s success.

KeyBank: Robert Weiss To Head Family Wealth Business

By Amit Chowdhry ● Jan 13, 2025

KeyCorp announced that Robert Weiss has joined the company as Head of Key Family Wealth, where he will work across the enterprise to grow the ultra-high net worth client segment. And he is based in New York City and reports to Key Wealth President Joe Skarda.

Perigon Enhances Advisor Support Through Goldman Sachs Partnership

By Amit Chowdhry ● Jan 13, 2025

Perigon Wealth Management - a rapidly growing independent wealth management firm with offices nationwide and about $8.7 billion in client assets as of Dec. 31, 2024 - announced it enhanced advisor support by engaging with Goldman Sachs Custody Solutions (GSCS). And Perigon's custodial addition deepens the firm's engagement with Goldman Sachs, building upon its existing relationship with Goldman Sachs Asset Management.

Savvy Advisors Surpasses $1 Billion in AUM

By Amit Chowdhry ● Jan 13, 2025

Savvy Advisors - a federally registered investment advisor (RIA) affiliated with Savvy Wealth - announced it surpassed $1 billion in client assets under management (AUM), tripling its holdings since the start of 2024. And At the same time, Savvy added four more experienced financial advisors in December, capping off a transformative year of expansion. These developments follow Savvy Wealth’s $26.5 million Series A funding round earlier this year, underscoring its affiliated RIA’s strong trajectory heading into 2025.

MetLife Investment Acquiring 3 Investments Teams Managed By Mesirow With $6 Billion Of Assets

By Amit Chowdhry ● Jan 12, 2025

MetLife Investment Management (MIM), the institutional asset management business of MetLife announced that it has reached a definitive agreement to acquire three investment teams and assets managed by Mesirow, an independent, employee-owned financial services firm. And MIM is acquiring the high yield and bank loans, strategic fixed-income and small-cap equity teams, and certain related investment products.

Sanctuary Adds $700 Million Hillguard Wealth Management Team

By Amit Chowdhry ● Jan 12, 2025

Sanctuary Wealth, a firm that provides elite financial advisors with the freedom, flexibility, control, and choice to thrive in an evolving industry, announced it welcomed Hillguard Wealth Management as its latest Sanctuary Global Partner Firm. And Sanctuary Wealth launched Sanctuary Global in 2021 with high-profile Florida and Texas-based teams from Morgan Stanley and Wells Fargo.

Kestra Brings In $400 Million Campus Wealth Team

By Amit Chowdhry ● Jan 12, 2025

Kestra Private Wealth Services (Kestra PWS), a registered investment adviser subsidiary of Kestra Financial, announced that Campus Private Wealth has joined its platform. This partnership represents a mutual commitment to delivering highly tailored client service.

LPL Onboards $320 Million Advisory Firm Lewellyn Wealth

By Amit Chowdhry ● Jan 12, 2025

LPL Financial announced that father and son financial advisors Bart Lewellyn and Alex Lewellyn have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $320 million in advisory, brokerage, and retirement plan assets* and joined LPL from Osaic.

AmeriFlex Group: Record-Breaking Year With 53 Advisor Transitions And Over $3.4 Billion In Total Client Assets Added

By Amit Chowdhry ● Jan 12, 2025

Advisor-owned hybrid RIA The AmeriFlex Group celebrated the completion of a record-breaking year in which it welcomed 53 advisors and increased its total client assets by over $3.4 billion. And the AmeriFlex Group ended the year with 206 total advisors in 29 states, with about $14.6 billion in assets under administration (AUA), an increase of 35% year over year.

Pettinelli Financial Partners: Comprehensive Organizational Realignment Completed

By Amit Chowdhry ● Jan 10, 2025

Pettinelli Financial Partners, an independent wealth manager whose advisors collectively manage $750+ million in assets for more than 500 advisory clients as of December 31, 2024, announced the completion of its multi-year strategic realignment further to elevate the firm’s service experience for clients.

Mercer Advisors Entering Bend, Oregon Market By Onboarding Advisors With Over $200 Million

By Amit Chowdhry ● Jan 10, 2025

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - announced it welcomes two distinct financial advisors –Dave Stuehling and John Swanson. Stuehling and Swanson are based in Bend, Oregon, giving Mercer Advisors a strategic presence in one of the nation’s fastest-growing cities.

Orion Names Arun Anur As Chief Operating Officer

By Amit Chowdhry ● Jan 10, 2025

Orion, a provider of transformative wealth technology solutions for financial advisors and enterprise firms that serve them, announced the appointment of Arun Anur as Chief Operating Officer. Anur is responsible for Orion’s client experience delivery in this role, including service, operations, data reconciliation, and onboarding.

EP Wealth Advisors Acquiring $1.6 Billion Advisory Firm Executive Wealth Management

By Amit Chowdhry ● Jan 9, 2025

EP Wealth Advisors - a leading fee-only registered investment adviser (RIA) with a growing national footprint - has announced the acquisition of Executive Wealth Management (EWM) in Michigan. This partnership establishes EP Wealth’s first offices in Michigan. It strengthens the firm’s presence in the Midwest while adding approximately $1.6 billion in assets under management (AUM) and bringing EP’s total AUM to over $31 billion.

Mercer Advisors Expanding In Georgia By Acquiring Edward Vance Investment Management

By Amit Chowdhry ● Jan 9, 2025

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - announced the acquisition of Edward Vance Investment Management, an investment advisory and financial planning firm. This acquisition strengthens Mercer Advisors’ presence in Georgia, where Mercer Advisors has grown client assets from about $550 million in 2017 to over $4.5 billion now.

Crestline Investors: $1 Billion Middle Market CLO Closed

By Amit Chowdhry ● Jan 9, 2025

Crestline Investors - a global alternative investment manager - announced that it has closed Crestline Direct Lending CLO I, LLC, a $1 billion collateralized loan obligation (Crestline CLO). And this CLO represents one of the most significant new issue middle-market CLOs of 2024, which reaffirms Crestline’s position and expertise within middle-market direct lending.

Alto Securities: Interview With President & CEO Scott Harrigan About The Alternatives Investment Platform

By Amit Chowdhry ● Jan 9, 2025

Alto Securities is a company that has developed a holistic alternatives investment platform empowering individual investors to diversify their portfolios by investing in alternative assets that have long been enjoyed by professional investors. Pulse 2.0 interviewed Alto Securities President and CEO Scott Harrigan to learn more about the company.

Sixth Street To Manage $13 Billion Of Northwestern Mutual’s Assets

By Amit Chowdhry ● Jan 9, 2025

Northwestern Mutual (a leading financial services provider of insurance and wealth products) and Sixth Street (a leading global investment firm) announced a new strategic partnership to support Northwestern Mutual’s long-term and diversified investment strategy for its institutional investment portfolios, which total over $320 billion. Under this partnership, Sixth Street will manage $13 billion of assets for Northwestern Mutual with the potential to scale. As part of the deal, Northwestern Mutual will acquire a minority equity interest in Sixth Street.

Nassau Financial Group Receiving $200 Million Minority Equity Investment From Golub

By Amit Chowdhry ● Jan 9, 2025

Nassau Financial Group (a leading provider of fixed annuities and asset management) and Golub Capital (a market-leading direct lender and experienced credit asset manager) have closed on their previously announced strategic partnership after satisfaction of closing conditions.

Springline: Interview With CEO Tim Brackney About The Business Advisory Firm

By Amit Chowdhry ● Jan 9, 2025

Springline Advisory is a financial and business advisory firm dedicated to reshaping the accounting and advisory landscape. Pulse 2.0 interviewed Springline Advisory CEO Tim Brackney to learn more about the firm.