Asset Management

Raymond James Buys Majority Stake In GreensLedge

By Amit Chowdhry ● Oct 18, 2025

Raymond James announced that it will acquire a majority stake in GreensLedge Holdings LLC, a boutique investment bank recognized for its leadership in structured credit and securitization. Founded in 2008, GreensLedge has built a strong reputation for combining strategic advisory services with expertise in collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), rated feeders, collateralized fund obligations (CFOs), asset-backed securities (ABS), and debt offerings.

Beacon Pointe Expands In Boston With Acquisition Of $944 Million AUM Firm Sensible Financial

By Amit Chowdhry ● Oct 18, 2025

Beacon Pointe Advisors, one of the nation’s largest registered investment advisers (RIAs), has strengthened its East Coast presence with the acquisition of Sensible Financial Planning, a fiduciary wealth management firm headquartered in Waltham, Massachusetts. The deal adds approximately $944 million in assets under management (AUM) to Beacon Pointe’s platform, bringing the firm’s total assets under advisement (AUA) to roughly $54 billion.

Beacon Pointe Expanding Into D.C. With Acquisition Of $857 Million AUM Company The Family Firm

By Amit Chowdhry ● Oct 17, 2025

Beacon Pointe Advisors has announced the acquisition of The Family Firm, a Bethesda-based registered investment adviser (RIA) managing $857 million in assets, marking a significant milestone in Beacon Pointe’s continued national expansion.

BIP Wealth Expanding In Atlanta With Acquisition Of $900+ Million AUM Firm Prehmus Financial

By Amit Chowdhry ● Oct 17, 2025

BIP Wealth, one of the Southeast’s leading registered investment advisory firms, has announced the acquisition of Prehmus Financial Partners, a well-established wealth management firm overseeing more than $900 million in assets under management (AUM). The blended cash and equity transaction expands BIP Wealth’s total AUM to over $5 billion, marking a significant milestone in the firm’s continued growth strategy across Metro Atlanta and the broader Southeast region.

Cetera Onboards $1.1 Billion Firm King Financial Network

By Amit Chowdhry ● Oct 17, 2025

Cetera Financial Group, one of the nation’s leading wealth management firms, announced that King Financial Network (KFN), a Manalapan, New Jersey-based multifamily office managing more than $1.1 billion in assets under administration, has joined Summit Financial Networks, one of Cetera’s communities within the Cetera Advisor channel.

Merit Financial: $476 Million Team Obsidian Planning Solutions Onboarded

By Amit Chowdhry ● Oct 16, 2025

Merit Financial Advisors, a Georgia-based wealth management firm specializing in financial planning for high-net-worth individuals and families, announced its acquisition of Obsidian Planning Solutions, a Maryland-based firm known for its expertise in business succession planning. The deal represents Merit’s 50th acquisition and its first entry into the Maryland market, adding $476 million in assets and two new offices in Rockville and Columbia.

Derby Lane Partners Launches With Up To $1.8 Billion In Committed Capital

By Amit Chowdhry ● Oct 16, 2025

Derby Lane Partners, a newly formed alternative investment management firm, has officially launched with up to $1.8 billion in committed capital from a group of strategic anchor partners. Founded by Adam Piekarski, the former Co-Head of Real Estate Credit at BDT & MSD Partners, the firm will focus on delivering flexible capital solutions across asset classes, beginning with opportunities in North American commercial real estate credit.

Rockefeller Capital: $6.6 Billion Valuation Secured In Recapitalization With New Investor Group

By Amit Chowdhry ● Oct 16, 2025

Rockefeller Capital Management announced a major recapitalization that values the firm at more than $6.6 billion, marking a pivotal step in its long-term growth strategy. The deal brings new distinguished families and investors into the firm’s ownership group, led by Mousse Partners, Progeny 3, and Abrams Capital. These new partners join existing investors Viking Global Investors and the Rockefeller and Desmarais families. The recapitalization is expected to close by the end of 2025.

BlackRock’s AUM Reaches All-Time High Of $13.46 Trillion

By Amit Chowdhry ● Oct 14, 2025

Global asset manager BlackRock announced record third-quarter results on Tuesday, driven by robust client inflows of approximately $205 billion across its platform. This performance, fueled by strong demand for its iShares ETFs and private market products, propelled the firm's total assets under management (AUM) to a new all-time high of $13.46 trillion.

Cetera Onboards $1.8 Billion Firm Pillar Financial Group

By Amit Chowdhry ● Oct 14, 2025

Cetera has welcomed Pillar Financial Group to its community, a significant move that highlights the growth and strategic acquisitions within the financial advisory sector. Pillar Financial Group is led by a strong team of seven partners, including CEO Luke Madsen, who holds the Certified Financial Planner (CFP) and Chartered Life Underwriter (CLU) designations. The firm features a dedicated advisory team of 34 professionals, all focused on delivering exceptional financial guidance.

Goldman Sachs Acquires $7 Billion AUS Firm Industry Ventures In Deal Valued Up To $965 Million

By Amit Chowdhry ● Oct 13, 2025

Goldman Sachs Group has announced its intention to acquire Industry Ventures, a highly regarded venture capital platform known for its extensive investments throughout all stages of the VC lifecycle. Industry Ventures manages an impressive $7 billion in assets under supervision (AUS) and has executed over 1,000 primary and secondary investments since its inception in 2000. The firm boasts a remarkable net internal rate of return (IRR) of 18% and a net realized multiple on invested capital (MOIC) of 2.2X, demonstrating its effectiveness in generating returns for its investors.

JPMorgan Chase: $1.5 Trillion Security And Resiliency Initiative Launched

By Amit Chowdhry ● Oct 13, 2025

JPMorgan Chase has announced the ambitious Security and Resiliency Initiative, a $1.5 trillion, 10-year plan dedicated to facilitating, financing, and investing in industries essential for national economic security and resilience. As part of this initiative, the firm plans to make direct equity and venture capital investments of up to $10 billion aimed at helping select companies, primarily within the United States, to foster their growth, drive innovation, and support strategic manufacturing efforts.

Evergreen Wealth Launched By Former PayPal CEO Bill Harris

By Amit Chowdhry ● Oct 12, 2025

Serial fintech entrepreneur Bill Harris has launched Evergreen Wealth, a digital Registered Investment Advisor (RIA) with a focus on tax-aware investment management and AI-powered financial advice. The firm is built for affluent and high-net-worth clients seeking to build long-term wealth in an increasingly complex financial landscape.

BayPine: Amy Harsch Named As Partner

By Amit Chowdhry ● Oct 11, 2025

BayPine, a private investment firm dedicated to driving digital transformation in leading businesses, has recently made a significant addition to its team with the hiring of Amy Harsch as Partner and Head of Capital Formation and Investor Relations. In her new role, Harsch will play a crucial part in overseeing the company's fundraising strategies and enhancing engagement with investors. Her primary focus will be on building and nurturing long-term partnerships with both existing and potential clients on a global scale. Based in New York, she will collaborate closely with Partner Migo Terjanian to further BayPine's mission.

Permira: Caitlin Brodie Joins As Managing Director In North America

By Amit Chowdhry ● Oct 11, 2025

Global investment firm Permira has announced the strategic appointment of Caitlin Brodie as a Managing Director within its US Capital Formation team. Caitlin will be based in New York and will take on the role of Head of US East Coast Coverage.

Stratus Financial: $20 Million Milestone Achieved In Aviation Training Fund

By Amit Chowdhry ● Oct 11, 2025

Stratus Financial, a provider of financing solutions tailored for aviation training, has reached a significant milestone by growing its investment fund to $20 million in assets. Since its establishment in 2021, the fund has returned over $2.7 million to investors. This achievement showcases Stratus Financial's ongoing growth and effectiveness in supporting aspiring pilots while providing attractive returns for its investors.

Creative Planning To Buy SageView As Newly Combined Firm Would Represent $640 Billion

By Amit Chowdhry ● Oct 11, 2025

Creative Planning, recognized as one of the largest registered investment advisors (RIAs) in the nation, has made a significant move by finalizing a definitive agreement to acquire SageView Advisory Group, a prominent independent RIA firm. This strategic partnership will enable Creative Planning to strengthen its position in the financial advisory landscape by incorporating SageView's expertise and clientele.

Mercer Advisors: $1.2 Billion Firm Singer Burke Onboarded

By Amit Chowdhry ● Oct 10, 2025

National Registered Investment Adviser (RIA) Mercer Global Advisors has recently expanded its portfolio by acquiring Singer Burke, a well-established wealth management, tax, and business management firm based in Los Angeles. With a legacy spanning over 50 years, Singer Burke has built a reputation for serving highly creative professionals and executives in the media and entertainment industry.

VestGen Wealth Partners Now Managing $7 Billion In Client Assets After 15 Advisors Added

By Amit Chowdhry ● Oct 10, 2025

VestGen Wealth Partners recently announced a significant milestone in its strategic growth plan, characterized by the addition of six new wealth management practices to its platform. Collectively, these practices are expected to bring approximately $1.5 billion in client assets, marking a substantial advancement for VestGen.

EP Wealth: Investment Raised From Ares Management

By Amit Chowdhry ● Oct 9, 2025

EP Wealth Advisors, a fee-only registered investment advisor (RIA), has announced a significant milestone in its growth journey by entering into a definitive agreement with Ares Management's Private Equity funds. This agreement enables Ares Management to acquire a substantial minority stake in EP Wealth, bringing its expertise and resources into the fold. Ares now joins Berkshire Partners, another minority equity partner that has previously invested in the firm.

Nuveen: Multi-Asset Infrastructure Platform Launched To Advance $340 Billion Private Markets Operations

By Amit Chowdhry ● Oct 8, 2025

Nuveen, a global asset manager with an impressive $1.3 trillion in assets under management, has taken a significant step by launching a dedicated Global Infrastructure Investment Platform. This initiative aims to consolidate multiple specialized teams under a single leadership structure, responding to the growing demand from investors for infrastructure assets. The formation of this platform demonstrates Nuveen's commitment to capitalizing on market opportunities while leveraging its extensive resources.

Allworth Acquires $850 Million Firm Shorepoint Capital Partners

By Amit Chowdhry ● Oct 8, 2025

Allworth Financial, a leading national registered investment advisor (RIA), has recently announced its acquisition of Shorepoint Capital Partners. This acquisition allows Allworth to enhance its service offerings and expand its asset management capabilities. Shorepoint, located in Norwood, Massachusetts, has a strong reputation and manages approximately $850 million in assets. The partnership will bring together a dedicated team of 10 professionals from Shorepoint, which includes four experienced financial advisors and six essential support staff members.

SEI: Dave Langdale Named As Chief Revenue Officer For U.S. Private Banking Business

By Amit Chowdhry ● Oct 7, 2025

SEI has announced the appointment of Dave Langdale as Chief Revenue Officer for its U.S. Private Banking business, effective January 1, 2026. In this new role, Langdale will report to Sanjay Sharma, Global Head of SEI’s Private Banking business and CEO of SEI International. He will be responsible for leading sales and client service, while shaping and executing growth strategies aimed at expanding the business through new and existing clients, as well as diversifying revenue streams.

Corient Onboards $2 Billion AUM Firm Bristlecone Advisors

By Amit Chowdhry ● Oct 2, 2025

Corient, one of the largest and fastest-growing national wealth advisory firms, has announced the acquisition of Bristlecone Advisors, a registered investment advisory firm based in Bellevue, Washington, which manages approximately $2 billion in assets.

Perigon Onboards $1.3 Billion Firm Gitterman Wealth Management

By Amit Chowdhry ● Oct 1, 2025

Perigon Wealth Management, an investment advisory firm with offices nationwide and approximately $9.3 billion in client assets, has announced the acquisition of Gitterman Wealth Management and Gitterman Asset Management.

Avenue Sports Fund: Over $1 Billion Closed For Investing In The Athletic Industry

By Amit Chowdhry ● Oct 1, 2025

Global asset management firm Avenue Capital Group has announced the successful final closing of the Avenue Sports Fund, which has garnered over $1 billion in capital commitments. This substantial amount reflects strong investor confidence in the potential of the sports industry.

HighVista Strategies: $425 Million Secured For Venture Capital Investors

By Amit Chowdhry ● Sep 25, 2025

HighVista Strategies, a specialized alternative asset manager owned by its employees, recently completed a unique secondary transaction. This deal was designed to offer existing investors in several mature venture capital funds the opportunity to access their capital. The transaction involved seven HighVista funds, collectively representing a net asset value exceeding $425 million.

Wellesley Asset Management Buys Halbert Wealth, Expanding into Texas

By Amit Chowdhry ● Sep 25, 2025

Wellesley Asset Management, a renowned independent SEC-registered Investment Advisor, is a leading firm in providing wealth management and investment management services. The firm has officially announced its recent acquisition of Halbert Wealth. Halbert Wealth is also an SEC-registered Investment Advisor, recognized for its strong focus on client relationships and its significant presence within its region.

TradePMR And Robinhood Launch Asset Match Program For RIAs

By Amit Chowdhry ● Sep 25, 2025

TradePMR, a provider of brokerage and custodial services specifically for independent registered investment advisors, and a subsidiary of Robinhood Markets, has recently unveiled an innovative new program. This initiative is designed to significantly enhance the ability of independent RIAs to not only attract new clients but also retain their existing ones effectively.

Edward Jones: Services Enhanced For High Net Worth Clients

By Amit Chowdhry ● Sep 24, 2025

Edward Jones recently announced plans to improve the experience for its high-net-worth clients through a series of strategic investments. These efforts are designed to provide a more tailored and comprehensive approach to wealth management, building upon the firm's established legacy while embracing modern financial strategies. A key part of this initiative involves the creation of specialized physical locations, which are exclusively dedicated to serving high-net-worth individuals.