Asset Management

Osaic: $162 Million Wealth Management Firm C&N Joins Platform

By Amit Chowdhry ● Mar 31, 2026

Osaic, a wealth management platform, announced that C&N Wealth Management has joined the firm, bringing approximately $162 million in client assets. The South Carolina-based advisory firm transitioned from First Citizens Investor Services and will affiliate with Undefined Gridlines, Inc., an office of supervisory jurisdiction within Osaic’s network.

MAI Capital: Funding Raised At $2.8+ Billion Valuation As Carlyle Acquires Majority Stake

By Amit Chowdhry ● Mar 31, 2026

MAI Capital Management, a Cleveland-based registered investment advisor focused on high-net-worth and ultra-high-net-worth clients, has agreed to sell a majority stake to Carlyle in a transaction valuing the firm at more than $2.8 billion.

PPB Capital Partners: Bob Oros Named President To Drive Private Markets Growth

By Amit Chowdhry ● Mar 30, 2026

PPB Capital Partners announced that former Hightower Advisors CEO Bob Oros has been appointed president, a newly created role aimed at strengthening the firm’s operational capabilities and supporting expansion in private markets.

LPL Onboards $180 Million Firm Gibson Financial Group

By Amit Chowdhry ● Mar 30, 2026

LPL Financial announced that advisors Kelly Lawrence and Vin Sbano have joined its employee advisor model, Linsco, to establish Gibson Financial Group of LPL Financial. The team, previously affiliated with B. Riley Wealth Management, reported managing approximately $180 million in advisory, brokerage, and retirement plan assets.

ORIX USA: Investment And Asset Manager Appoints James Gruver As Head Of Capital Formation

By Amit Chowdhry ● Mar 30, 2026

ORIX USA, an investment and asset management firm, has appointed James Gruver as Managing Director and Head of Capital Formation, marking a strategic move to accelerate its growth and expand investor engagement.

Cetera: Former eMoney CEO Ed O’Brien Appointed COO To Drive Advisor Growth

By Amit Chowdhry ● Mar 30, 2026

Cetera Financial Group has appointed former eMoney CEO Ed O’Brien as chief operating officer, effective May 2026, as the firm looks to accelerate advisor growth and leverage its platform at scale.

Composition Wealth Merges with $900 Million Firm Edgewater Wealth

By Amit Chowdhry ● Mar 30, 2026

Composition Wealth announced it has merged with Edgewater Wealth Management, a Tacoma, Washington-based advisory team overseeing approximately $900 million in client assets, as the national registered investment advisor continues to expand its presence in the Pacific Northwest.

Carson Group: AI Platform Expansion Introduces Client Intelligence For Advisors

By Amit Chowdhry ● Mar 30, 2026

Carson Group announced the expansion of its advisor-focused AI platform, Steve, with the launch of a new capability called Client Intelligence, designed to give financial advisors instant, comprehensive visibility into client household data.

Arax Investment Partners Acquires Omni Financial Advisory Group

By Amit Chowdhry ● Mar 30, 2026

Arax Investment Partners announced it has acquired Omni Financial Advisory Group, a boutique financial advisory firm based in Poughkeepsie, New York, as the national wealth management platform continues to expand its footprint across the United States.

Verdence Capital Advisors Secures Strategic Investment To Accelerate M&A And Expansion

By Amit Chowdhry ● Mar 30, 2026

Verdence Capital Advisors, a Maryland-based registered investment advisor and multi-family office, has entered into a strategic equity partnership with Wealth Partners Capital Group and HGGC to support its next phase of growth, including mergers and acquisitions, organic expansion, and enhanced client capabilities.