Asset Management

Raymond James: $828 Million Arizona-Based Financial Advisor Team Onboarded

By Amit Chowdhry ● Apr 8, 2025

Raymond James announced it has onboarded financial advisors Brian Flader, Michael Flader, and Chris Young to Raymond James & Associates (RJA) – the firm's employee advisor channel – in Scottsdale, Arizona, as announced by Edward Sudzina, Southwest regional director for RJA.

Aspen Standard Wealth Buying $2.9 Billion Team New England Private Wealth Advisors

By Amit Chowdhry ● Apr 8, 2025

Aspen Standard Wealth, an RIA acquirer that serves as a permanent home and long-term partner for RIAs, announced that it has acquired New England Private Wealth Advisors (NEPWA), a Boston-based RIA with $2.9 billion in assets under management (AUM) as of December 2024.

Savvy: Over $1.5 Billion In AUM Surpassed And Expands FA Team

By Amit Chowdhry ● Apr 8, 2025

Savvy Advisors, a registered investment advisor (RIA) affiliated with Savvy Wealth, announced the addition of five experienced financial advisors, expanding its team to over 50 financial planners and wealth managers. And advisors who join Savvy gain access to Savvy Wealth’s AI-based technology designed to improve advisor efficiency and output.

Waverly Buying Fiduciary Wealth Advisors

By Amit Chowdhry ● Apr 7, 2025

Waverly Advisors - a federally registered investment adviser (RIA) that specializes in investment management, financial planning, and wealth management solutions for a diverse group of high-net-worth individuals, corporate retirement plans, and institutional clients - announced it has acquired Fiduciary Wealth Advisors (FWA), a wealth management firm located in Sarasota, FL. This partnership expands Waverly’s presence in Southwest Florida.

NewEdge Advisors Brings In $1.4 Billion Florida-Based Team

By Amit Chowdhry ● Apr 7, 2025

NewEdge Advisors, a leading New Orleans-based RIA supporting independent financial advisors nationwide, announced Krueger, Fosdyck, Brown, McCall & Associates (a team based in Destin, Florida) has joined the firm from Merrill Lynch, where they managed $1.4 billion in client assets.

Aventura Private Wealth: Space Fund 1 Closed At $9.5 Million For SpaceX-Focused SPV

By Amit Chowdhry ● Apr 7, 2025

Aventura Private Wealth announced the closing of its inaugural fund. The firm raised $9.5 million in just 9 days for a Special Purpose Vehicle (SPV) that exclusively holds shares of SpaceX, validating strong investor demand for private market opportunities in pioneering technology companies.

Wirex Private: $10 Million Crypto-Backed Loans Introduced For Enhanced Wealth Management

By Amit Chowdhry ● Apr 7, 2025

Wirex Private, a platform for High-Net-Worth clients, announced the launch of crypto-backed loans. As part of its expanding suite of exclusive services, Wirex Private is now offering loans of up to $10 million.

LPL Financial Buying Commonwealth Financial For $2.7 Billion In Cash

By Amit Chowdhry ● Apr 4, 2025

LPL Financial announced that it has entered into a definitive purchase agreement to acquire Commonwealth Financial Network, the country's largest independently owned wealth management firm.

Mercer Advisors Brings In $583 Million Vishria Bird Team

By Amit Chowdhry ● Apr 4, 2025

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - announced the acquisition of Vishria Bird Financial Group, a Memphis-based financial planning and advisory firm. This deal further enhances Mercer Advisors' footprint in Tennessee, complementing its existing offices in the Nashville area.

EP Wealth Advisors Bringing In $660 Million Team Peninsula Wealth

By Amit Chowdhry ● Apr 4, 2025

EP Wealth Advisors - a leading fee-only registered investment adviser (RIA) with a growing national footprint - announced its partnership with Peninsula Wealth in San Francisco, CA. This strategic deal enhances EP Wealth’s ability to serve clients in Northern California while adding more than $660 million in assets under management (AUM).

LPL Onboards $450 Million Team Horizon Capital Advisors

By Amit Chowdhry ● Apr 3, 2025

LPL Financial announced that eight financial advisors with Horizon Capital Advisors have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. And they reported serving approximately $450 million in advisory, brokerage and retirement plan assets and join LPL from Osaic.

Wealth Enhancement Brings In $581+ Million Team From First International Bank & Trust

By Amit Chowdhry ● Apr 3, 2025

Wealth Enhancement, a national independent wealth management firm focused on enriching clients' lives, announced it has acquired the Wealth Services Division of First International Bank & Trust, headquartered in Watford City, North Dakota. The team oversees $581+ million in client assets and will transition to affiliate Wealth Enhancement Trust Services.

Raymond James Onboards $740 Million Alaska-Based Advisor Team

By Amit Chowdhry ● Apr 3, 2025

Raymond James recently brought in a team of five financial advisors to Raymond James & Associates (RJA) – the firm's employee advisor channel – in Juneau, Alaska as announced by Dominic Prioli, Central regional director for RJA.

LPL Brings In $600 MIllion FA Austin Greer

By Amit Chowdhry ● Apr 3, 2025

LPL Financial announced that financial advisor Austin Greer, CRPS, has joined LPL’s employee advisor channel Linsco by LPL Financial, to launch Oxford Oaks Capital of LPL Financial. And he reported serving approximately $600 million in advisory, brokerage and retirement plan assets and joins LPL from UBS.

Robinhood Announces Strategies, Banking, And Cortex Products

By Amit Chowdhry ● Mar 27, 2025

Merit Buys $1.6 Billion Firm Sanctuary Wealth Management

By Amit Chowdhry ● Mar 19, 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 Sanctuary Wealth Management and Fiduciary Services (FS). This deal enables Merit to establish a presence in Idaho and grow its assets collectively by $1.6 billion.

Integrated Partners: $331 Million Prout Financial Design Team Onboarded

By Amit Chowdhry ● Mar 18, 2025

Integrated Partners - a national financial planning and registered investment advisory (RIA) firm serving over $21.3 billion in assets under advisement (AUA) - announced that Prout Financial Design has joined its growing network. And the Traverse City, Michigan-based advisory firm, which oversees over $331 million in AUA, will utilize Integrated’s investment management platform and succession planning support to drive future growth and continuity.

Morgan Stanley Investment Management: Fourth Global Infrastructure Fund Closed At $4.1 Billion

By Amit Chowdhry ● Mar 17, 2025

Morgan Stanley Infrastructure Partners (MSIP), which is the private infrastructure investment team within Morgan Stanley Investment Management (MSIM), announced that it has raised $4.1 billion for North Haven Infrastructure Partners IV (NHIP IV). And NHIP IV includes some of the world’s largest and most sophisticated institutional infrastructure investors, including public and private pension funds, sovereign wealth funds, and insurance companies.

LPL Onboards $475 Million Advisor Team Carnegie Private Wealth

By Amit Chowdhry ● Mar 17, 2025

LPL Financial announced that financial advisors James Larsen, CFP, Lucas Decker, CFP, Kevin Lewis, CFP, CEPA, and Seth Miller, CFP, CEPA, have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms, aligned with Carnegie Private Wealth (an existing firm supported by LPL Strategic Wealth). And the advisors reported serving about $475 million in advisory, brokerage and retirement assets. Larsen joins LPL from Wells Fargo Advisors, and Decker, Lewis and Miller join from Edward Jones.

Summit Financial Onboards $830 Million Firm Gateway Advisory

By Amit Chowdhry ● Mar 16, 2025

Summit Financial - a preeminent investment advisory firm with 40+ years of experience providing market-leading multi-family office services that enable financial advisors to accelerate growth- announced that Gateway Advisory is the latest firm to join its expanding network. This marks Summit’s 21st strategic investment since the start of 2024, enhancing its status as a premier partner for forward-thinking advisory firms seeking accelerated growth and enhanced capabilities.

B. Riley: Investment Bank Spins Off

By Amit Chowdhry ● Mar 15, 2025

B. Riley Financial announced this week that it is splitting off its investment banking unit while also retaining the majority of the shares in the new company. As part of this deal, B. Riley merged with shell entity Cascadia Investments. And certain investors in Cascadia will become minority stockholders of the investment bank, which is called B. Riley Securities (BRS).

Edward Jones: Generations Launched For High-Net-Worth Clients

By Amit Chowdhry ● Mar 15, 2025

Edward Jones is launching Edward Jones Generations, the firm's first private client services offering for U.S. high-net-worth clients. Built to meet the specific needs of these clients, Edward Jones Generations provides expanded advice, planning, products, and services for clients who value personalized support and trusted relationships. Edward Jones Generations will be available to select clients in the second quarter of 2025 and expand more broadly next year.

Compound Planning: Digital Family Office Grows To $3 Billion AUM

By Amit Chowdhry ● Mar 12, 2025

Compound Planning—a leading digital family office committed to reimagining wealth management for next-generation advisors—announced that seven financial advisors, including a four-person advisory team that previously managed $1.2 billion, have joined the firm. The latest additions cement what has been a period of rapid growth for the firm. And Compound eclipsed $3 billion in total assets under management (“AUM”) as of January 31, after the firm added 30 total advisors and doubled its AUM in 2024.

Polen Capital: First CLO Closed At $407.15 Million

By Amit Chowdhry ● Mar 11, 2025

Polen Capital Management - a global investment management firm specializing in growth equity and credit - announced the closing of its debut collateralized loan obligation (CLO). And Polen Capital CLO 2025-1, Ltd., a $407.15 million CLO that is secured primarily by a pool of broadly syndicated first-lien loans represents an important step in Polen’s strategy to expand its credit and structured finance offerings to serve a wider range of investors.

EP Wealth Advisors Buying $190 Million Firm The Holben Group

By Amit Chowdhry ● Mar 11, 2025

EP Wealth Advisors - a leading fee-only registered investment adviser (RIA) with a growing national footprint - has announced their partnership with The Holben Group in Denver, Colorado. This alignment builds on EP Wealth’s long-time presence in Colorado, adding over $190 million in assets under management (AUM).

LPL Brings In $190 Million FA Michael Carmichael

By Amit Chowdhry ● Mar 7, 2025

LPL Financial announced that financial advisor Michael Carmichael, RFC, CRPS, founder of Carmichael Financial, announced it has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. He reported serving about $190 million in advisory, brokerage and retirement plan assets* and joins LPL from Osaic.

LPL Onboards $1.15 Billion Townsgate Wealth Management Team

By Amit Chowdhry ● Mar 6, 2025

LPL Financial announced that financial advisors Jim Murray, Larry Bernstein, Abby Goldstein, CFP, Michael Kazmer, CFP, Brett Goldberg and Wesley Wong of Townsgate Wealth Management have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. And they reported serving about $1.15 billion in advisory, brokerage and retirement assets* and join LPL from Wells Fargo Advisors Financial Network.

LPL Adds $400 Million Servant Path Wealth Partners Team

By Amit Chowdhry ● Mar 5, 2025

LPL Financial announced financial advisors Joe Young, CFP, and Ryne Stokes, CFP, have joined LPL’s employee advisor channel Linsco by LPL Financial to launch Servant Path Wealth Partners. And they reported serving about $400 million in advisory, brokerage and retirement plan assets and joined LPL from Synovus Securities.

Wellington Management: $194 Million Raised For First CLO Partners Fund

By Amit Chowdhry ● Mar 4, 2025

Wellington Management, which is one of the world’s largest independent investment management firms and a seasoned collateralized loan obligation (CLO) investor, recently announced the successful final close of its inaugural Wellington CLO Partners Fund I. With $194 million of capital commitments, including $27 million from affiliates, the Fund exceeded its initial $150 million target.

Wedbush Announces Entry Into ETF Market

By Amit Chowdhry ● Mar 1, 2025

Wedbush, a Los Angeles-based financial services firm, announced it is introducing Wedbush Fund Advisers and an entry into the rapidly growing exchange-traded fund (ETF) market. This milestone marked an expansion of Wedbush’s commitment to cutting-edge investment solutions and highly curated product development.