Asset Management

CAPTRUST Onboards Houston-Based $300 Million Advisor Firm

By Amit Chowdhry ● Jan 15, 2025

CAPTRUST Financial Advisors announced that Wealth Covenant Group (WCG) in Houston, TX has joined CAPTRUST. WCG has served a select group of families and business owners as their trusted financial advisors, offering comprehensive financial and estate planning, asset protection, tax planning, and investment management services. Headed by President Dennis Stavinoha, the firm brings three employees and $300 million in assets to CAPTRUST.

Wealth Enhancement Acquires $82 Million RIA Danison & Associates

By Amit Chowdhry ● Jan 15, 2025

Wealth Enhancement, a national independent wealth management firm with over $103 billion in client assets, announced the acquisition of Danison & Associates, an independent RIA in Columbus, Ohio. And the team of two advisors and two support staff oversees more than $82 million in client assets and is led by Dean Danison, CIMC, President, and Tracey Danison, CFP, Vice President.

Waystone: Nigel Pasea Named As Country Head Of Middle East

By Amit Chowdhry ● Jan 15, 2025

Waystone, a provider of specialist services to the global asset management industry, announced the appointment of Nigel Pasea as Country Head of the Middle East. With over four decades of finance, governance, risk, and compliance experience, Pasea joined Waystone Group in 2021 as part of the acquisition of CCL Compliance. He has spearheaded the company’s compliance solutions business in the UAE, delivering significant growth.

Raymond James Brings In $525 Million Florida-Based Advisor Mary Lauritano

By Amit Chowdhry ● Jan 15, 2025

Raymond James announced it welcomed financial advisor Mary Lauritano, CFA, to Raymond James & Associates (RJA) – which is the firm's employee advisor channel, as revealed by Gregg Stupinski, Southeast division director for RJA. As managing director, Lauritano heads Lauritano Wealth Management of Raymond James and is joined by senior client service associates Natalia Morales and Melody Price.

Indivisible Partners Onboards $640 Million Team And Launches Advisory Firm

By Amit Chowdhry ● Jan 15, 2025

Indivisible Partners - a privately-owned independent advisory firm - announced the launch of its company while responding to the changing expectations and needs of financial advisors and clients. This firm was built around a common purpose — empowering advisors to help clients achieve their desired outcomes by focusing on quality decision-making and redefining the wealth advisory experience.

Raymond James Onboards $440 Million Oklahoma-Based Team

By Amit Chowdhry ● Jan 14, 2025

Raymond James announced it onboard financial advisors John “David” Veitch and Drew Veitch to Raymond James & Associates (RJA) – which is the firm's employee advisor channel as revealed by RJA’s Southwest regional director Edward Sudzina. Based in Tulsa, Oklahoma, this team is joined by David’s brother, client service associate Scott Veitch.

Savvy Advisors Passes $1 Billion In AUM

By Amit Chowdhry ● Jan 14, 2025

Savvy Advisors, a federally registered investment advisor (RIA) affiliated with Savvy Wealth, announced it has surpassed $1 billion in client assets under management (AUM), tripling its assets 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, emphasizing its affiliated RIA’s strong trajectory heading into 2025.

Cerity Partners Onboards $4.1 Billion AUM Firm Prio Wealth

By Amit Chowdhry ● Jan 14, 2025

Cerity Partners, a leading independent wealth management firm in the U.S., announced that it is merging with Prio Wealth, a Boston-based wealth management firm. This deal will expand Cerity Partners’ comprehensive wealth advisory services across family and generational wealth planning, financial and retirement planning, and investment management services.

Summit Partners: Ricardo Gonzalez Named As Partner

By Amit Chowdhry ● Jan 14, 2025

Growth-focused investment firm Summit Partners announced the addition of Ricardo Gonzalez as a Partner on the firm’s Growth Products & Services team. Gonzalez brings over 15 years of investing and operating experience to the role and will draw on this experience to help support the growth of profitable, category-leading businesses and talented executives in the financial services, consumer, business services, and industrial technology sectors.

Mariner Acquiring Cardinal Investment, Bringing In $292 Billion In Assets Under Advisement

By Amit Chowdhry ● Jan 14, 2025

Mariner, a leading national financial services firm, announced the acquisition of Cardinal Investment Advisors in a deal that adds $292 billion in assets under advisement and about 40 employees to its Mariner Institutional practice. This deal marks a significant milestone in Mariner’s 2025 strategic national expansion plan, strengthening its ability to meet increasing client demand and will bring its total assets under advisement to approximately $550 billion in the first quarter of 2025.

First American Bank Partnering With InvestCloud To Modernize Digital Wealth Management Platform

By Amit Chowdhry ● Jan 14, 2025

InvestCloud (a leader in wealth technology) and First American Bank (FAB), a regional financial institution with $7 billion in assets under management and 61 locations across Illinois, Wisconsin, and Florida, announced a strategic partnership to modernize FAB’s digital wealth management platform. And this collaboration aims to significantly enhance client engagement by offering clients, prospects, wealth advisors, and relationship managers with a unified technology platform offering tailored insights and comprehensive support.

Janney: 27 Financial Advisors Added In 2024

By Amit Chowdhry ● Jan 14, 2025

Janney Montgomery Scott, a leading full-service wealth management and investment banking firm, announced 27 experienced Financial Advisors joined the firm in 2024. And the Financial Advisors collectively manage over $4.3 billion in assets and joined Janney from Baird, Citizens, Fidelity, Kestra, LPL, Merrill Lynch, Osaic, Raymond James, Steward Partners Global Advisory, Truist, UBS, and Wells Fargo.

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.