Asset Management

LPL Brings In $540 Million Advisors Ryan Kirby And Michael Alvarez

By Amit Chowdhry ● Nov 28, 2024

LPL Financial announced that financial advisors Ryan Kirby, CFP, and Michael Alvarez have joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligned with existing firm Seapoint Wealth Advisors (Seapoint). Kirby and Alvarez reported serving approximately $540 million in advisory, brokerage and retirement plan assets, and they join LPL from U.S. Bank.

SEI Selected By Front Street Capital Management For Custody And Advisor Technology

By Amit Chowdhry ● Nov 28, 2024

SEI announced that Front Street Capital Management has selected SEI for custody and technology solutions. The company embraces a tightly integrated and single infrastructure that offers an end-to-end experience across every aspect of an advisor's business, including a dedicated service and relationship management model.

Avantax Onboards Trust Matters Financial Founder Carolyn Bare

By Amit Chowdhry ● Nov 28, 2024

Avantax - a community within Cetera Holdings and a leader in tax-focused financial planning and wealth management - announced it welcomed independent financial advisor Carolyn Bare, founder of Trust Matters Financial (a wealth management firm that prioritizes working with small-business owners and clients who want legacy planning and wealth transfer advice).

Steward Partners Expands In Florida With G2G Wealth Formation

By Amit Chowdhry ● Nov 26, 2024

Steward Partners, an employee-owned independent financial services firm specializing in comprehensive wealth management solutions, announced the introduction of G2G Wealth Management at Steward Partners to the platform. This was born from adding two financial advisors and $175 million in assets under management to the firm's previously established Miller Family Wealth branch.

LPL Onboards $350 Million Strata Financial Group Team

By Amit Chowdhry ● Nov 25, 2024

LPL Financial announced that financial advisors Anthony “Tony” Campagni, CFP, Ronald Jurczynski, CPA/PFS, Mitchell Romeo, CPWA, CPFA, Kyle Hancharick, CFP, and Dominic Elmo of Ohio-based Strata Financial Group have joined LPL Financial’s broker-dealer, RIA and custodial platforms. The advisors reported serving more than $350 million in advisory, brokerage and retirement plan assets, and they join LPL from Osaic.

Commonwealth Onboards $550 Million Asset Team Diversified Capital Management

By Amit Chowdhry ● Nov 22, 2024

Commonwealth Financial Network, a national RIA dedicated to providing financial advisors with integrated business solutions, announced that Syracuse, New York-based Diversified Capital Management (DCM) joined its network of independent financial advisors. Advisors include William Kriesel, CPA, CFP, PFS, Kevin Visconti, CFP, and George Nardone, ChFC, AIF. Formerly with Cadaret Grant and its acquirer LPL Financial, the DCM team reported advising on more than $550 million in client assets.

Ameriprise Onboards $100 Million Client Assets Team Q5 Wealth

By Amit Chowdhry ● Nov 22, 2024

Q5 Wealth Management - a team of five financial advisors managing $1.5 billion in client assets in Houston and Beaumont, Texas - has recently expanded with the addition of financial advisor Scott Guptill, CFA. Q5 had joined the independent channel of Ameriprise Financial in August 2024 after transitioning from UBS Financial Services to significantly grow their practice by utilizing the sophisticated resources at Ameriprise.

Fifth Third Wealth Advisors Onboards $2 Billion Asset Team

By Amit Chowdhry ● Nov 22, 2024

Fifth Third Wealth Advisors, a multi-custodial registered investment advisory firm, announced the expansion of its presence in Charlotte, North Carolina. And the following advisor team joined Fifth Third Wealth Advisors having managed $2 billion in client assets at their previous firm:

Allworth Financial Acquires $839 Million AUM Firm City Fiduciary Group

By Amit Chowdhry ● Nov 21, 2024

Allworth Financial announced the acquisition of City Fiduciary Group, a tax planning and wealth management firm with offices in Washington and Oregon. And this partnership enhances Allworth’s presence in the Pacific Northwest and further augments its in-house tax expertise.

Creative Planning Acquires Buys $550 Million AUM Firm Edmonds Duncan

By Amit Chowdhry ● Nov 21, 2024

Creative Planning, one of the nation's leading Registered Investment Advisors (RIA), announced the acquisition of Lawrence, Kansas-based Edmonds Duncan Registered Investment Advisors. The deal closed on October 1, and six employees at Edmonds Duncan formally joined Creative Planning.

LPL Onboards $410 Million Nexus Wealth Partners Team

By Amit Chowdhry ● Nov 20, 2024

LPL Financial announced that the financial advisors at Nexus Wealth Partners have joined its broker-dealer, RIA, and custodial platforms. They reported serving approximately $410 million in advisory, brokerage, and retirement plan assets, joining LPL from Osaic.

Mercer Advisors Acquiring Chapel & Collins, Expanding Presence In Greater Denver Area

By Amit Chowdhry ● Nov 20, 2024

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - announced the acquisition of Chapel & Collins, an RIA based in Fort Collins, Colorado. Managing about $675 million for over 500 individuals and families, Chapel & Collins specializes in serving business owners, retirees and pre-retirees, in addition to advising corporate retirement plans and providing institutional consulting services.

Stonepeak Acquiring $700 Million Private Credit Investment Firm Boundary Street Capital

By Amit Chowdhry ● Nov 20, 2024

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced that it has agreed to acquire Boundary Street Capital, LP - which is a leading specialist private credit investment manager focused on the digital infrastructure, enterprise infrastructure software, and technology services sectors in the lower middle market. And Boundary Street currently has $700+ million of capital commitments.

Robinhood To Buy RIA Management Platform Company TradePMR In $300 Million Deal

By Amit Chowdhry ● Nov 19, 2024

Robinhood Markets agreed to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors (RIAs). With 25+ years in the industry and over $40 billion in assets under administration, TradePMR will enhance Robinhood’s customer offerings by delivering a top-ranked RIA custody and portfolio management platform that connects financial advisors to a new generation of investors.

Amplify Platform Onboards $2 Billion Kingswood Wealth Advisors Team

By Amit Chowdhry ● Nov 11, 2024

Amplify Platform - a unified all-in-one wealth management platform for financial services – announced it welcomed its newest client, Kingswood Wealth Advisors, a network of independent wealth management firms overseeing over $2 billion in client assets.

Monroe Capital: $315 Million Collateralized Fund Obligation Closed

By Amit Chowdhry ● Nov 11, 2024

Monroe Capital announced the closing of its inaugural collateralized fund obligation (CFO), known as Monroe Capital CFO I. And the $315 million CFO provides investors access to a diversified portfolio of Monroe’s strategies, such as Monroe’s flagship senior secured direct lending and alternative credit solutions platforms, in rated and non-rated securities.