Asset Management

Harbourfront Wealth To Acquire Cumberland Private Wealth, Adding $5 Billion In Assets

By Amit Chowdhry ● Jun 7, 2026

Harbourfront Wealth Group announced that it has entered into an agreement to acquire Cumberland Partners Limited and its subsidiaries, marking the company’s fifth acquisition in the past three years and further expanding its footprint across Canada.

Capital Financial Partners Launches Partnership With Meridian Tax Advisory To Expand Integrated Planning Services

By Amit Chowdhry ● Jun 6, 2026

Capital Financial Partners, a private wealth management firm based in Baltimore, announced a partnership with Meridian Tax Advisory, a newly established tax planning and advisory practice designed to provide comprehensive tax services to clients and the broader community.

Waverly Advisors Acquires WealthPlans And Cooley & Associates

By Amit Chowdhry ● Jun 6, 2026

Waverly Advisors announced the acquisition of Frederick, Maryland-based WealthPlans, LLC and its affiliate, Cooley & Associates, P.C., strengthening the firm's presence in the Mid-Atlantic region and establishing its second location in Maryland.

Sanctuary Wealth Welcomes $477 Million Firm Valen Private Capital

By Amit Chowdhry ● Jun 5, 2026

Sanctuary Wealth announced that it has welcomed Valen Private Capital as its newest partner firm. Founded by former Merrill Lynch advisor John Durham, J.D., LL.M., the firm launches with approximately $477 million in assets under management and will focus on serving ultra high net worth families with complex financial, estate and multi generational planning needs.

Willow Wealth Appoints Tom Williams As Chief Investment Officer

By Amit Chowdhry ● Jun 5, 2026

Willow Wealth, a platform for retail private markets investing, announced the appointment of Tom Williams as Chief Investment Officer. In the role, Williams will oversee the company’s investment strategy and product development and will report directly to CEO Mitchell Caplan.

Carson Group Brings In $1.1 Billion Firm Jackson Wealth Management

By Amit Chowdhry ● Jun 5, 2026

Carson Group announced the acquisition of Jackson Wealth Management, a Lake Mary, Florida-based wealth management firm overseeing more than $1.1 billion in client assets. The move expands Carson’s presence in the Southeast and adds its 46th integrated office as the company continues to grow its national network of advisory firms.

Citigroup Redeems $3.15 Billion Of Notes Due 2027 As Part Of Liability Management Strategy

By Amit Chowdhry ● Jun 5, 2026

Citigroup announced the full redemption of approximately $3.15 billion of debt securities due in 2027, underscoring the financial services giant’s ongoing efforts to optimize its funding profile and capital structure.

Charles Schwab Expands Trading Platform With 24/7 Crypto Futures And Enhanced Investing Tools

By Amit Chowdhry ● Jun 5, 2026

Charles Schwab announced a new round of enhancements across its trading platforms, including Schwab.com, Schwab Mobile, and the thinkorswim platform suite. The updates include the firm's first 24/7 trading product, expanded cryptocurrency futures access, new portfolio management features, and broader fractional-share investing capabilities.

LPL: Scott Gilliam And Travis Blessing Launch Align Private Wealth With $2 Billion In Assets

By Amit Chowdhry ● Jun 4, 2026

LPL Financial announced that financial advisors Scott Gilliam and Travis Blessing have launched a new independent wealth management firm, Align Private Wealth, through affiliation with LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The team, which previously operated at PNC Private Bank, reported serving approximately $2 billion in advisory plan assets.

Cresset Onboards $1 Billion Wealth Advisor Ali Bathgate Hild

By Amit Chowdhry ● Jun 4, 2026

Cresset announced that Ali Bathgate Hild has joined the firm as a Managing Director in its Denver office, strengthening the firm’s capabilities in serving entrepreneurs, business owners, and ultra-high-net-worth families navigating liquidity events, wealth transitions, and multi-generational planning.

Franklin Templeton Launches YCLO, An Actively Managed Investment Grade CLO ETF

By Amit Chowdhry ● Jun 4, 2026

Franklin Templeton announced the launch of the Franklin BSP CLO ETF (YCLO), an actively managed exchange-traded fund designed to seek capital preservation and current income through investments primarily in investment-grade collateralized loan obligation (CLO) debt tranches across U.S. and European markets.

Robinhood And TradePMR Launch Advisor Network, AI Tools, And New Investment Access For RIAs

By Amit Chowdhry ● Jun 4, 2026

Robinhood and TradePMR announced a series of new products and services for registered investment advisers (RIAs) and their clients at the SYNERGY26 conference in Washington, D.C. The announcements include the launch of the Robinhood Advisor Network, the introduction of Robinhood Cortex for Advisors, expanded access to Robinhood Ventures and IPO opportunities, and new programs designed to support advisor growth.

Vanguard S&P 500 ETF VOO Becomes First To Surpass $1 Trillion In Assets

By Amit Chowdhry ● Jun 3, 2026

Vanguard’s S&P 500 ETF VOO has become the first exchange-traded fund to surpass $1 trillion in assets under management, marking a significant milestone for the ETF industry and highlighting the continued growth of passive investing.

Wellington Management: $1.9 Billion Acquisition Of Hartford Funds Expands Wealth Management Platform

By Amit Chowdhry ● Jun 3, 2026

Wellington Management announced that it has entered into a definitive agreement to acquire Hartford Funds from The Hartford in a transaction with an estimated net present value of $1.9 billion. Upon closing, Hartford Funds will be integrated into Wellington’s U.S. Wealth business and will operate under the Wellington brand.

Modern Wealth Onboards $1.1 Billion Firm Flaharty Asset Management

By Amit Chowdhry ● Jun 3, 2026

Modern Wealth Management announced that it has entered into an asset purchase agreement to acquire Flaharty Asset Management, a Clearwater, Florida-based wealth management firm overseeing approximately $1.1 billion in advisory and brokerage assets. The transaction strengthens Modern Wealth’s footprint in Florida and adds an 18-person team, including nine advisors, to the firm’s growing national platform.

Altruist Expands Investment Offering With Alternative Assets And Integrated Advisor Tools

By Amit Chowdhry ● Jun 3, 2026

Altruist, the technology-driven wealth management platform for independent financial advisors, announced a major expansion of its platform with the addition of alternative investments, margin lending, options capabilities, and enhanced money movement features. The new offerings are designed to help advisors provide sophisticated investment strategies and private market access to a broader range of clients through a single digital platform.