Asset Management

Osaic Adds $250 Million Firm O’Reilly Through Millenia Investments

By Amit Chowdhry ● Aug 18, 2026

O’Reilly LLC has joined Millenia Investments and affiliated with Osaic, bringing approximately $250 million in client assets to the combined wealth management platform. The Chesterfield, Missouri-based firm was previously affiliated with LPL Financial.

Goldman Sachs To Acquire LCN Capital Partners For Up To $410 Million, Adding $3 Billion NNN Platform

By Amit Chowdhry ● Aug 18, 2026

Goldman Sachs has agreed to acquire LCN Capital Partners, a triple net lease investment manager with approximately $3 billion in assets under supervision, in a transaction that could be worth up to approximately $410 million.

Maridea Wealth Management Acquires Park Ridge Financial, Expanding More In Chicago

By Amit Chowdhry ● Aug 17, 2026

Maridea Wealth Management has acquired Park Ridge Financial as the approximately $1.8 billion wealth management platform expands its presence in Chicago. Park Ridge Financial provides investment management, retirement planning and estate conservation services to individuals, families and business owners. Maridea entered the Chicago market in September 2025, and the Park Ridge team will now join its existing Chicago office. Park Ridge founder Rick Pucci will join Maridea as Senior Investment Advisor.

MAI Capital Acquires $490 Million Firm Waypoint Wealth Counsel To Enter Atlanta Market

By Amit Chowdhry ● Aug 17, 2026

MAI Capital Management has acquired Waypoint Wealth Counsel, an Atlanta-based fee-only registered investment advisor managing approximately $490 million in assets, marking MAI's entry into the Atlanta wealth management market.

Goldman Sachs Alternatives To Acquire Tosca From Apax, Backing 63-Center Reusable Food Supply Chain Platform

By Amit Chowdhry ● Aug 16, 2026

Funds advised by Apax Partners have agreed to sell Tosca, a global provider of reusable asset pooling and logistics solutions for the food supply chain, to Infrastructure at Goldman Sachs Alternatives.

Citizens Adds Doug Brockway To Lead Cybersecurity And Infrastructure Software Investment Banking After 125+ Deals

By Amit Chowdhry ● Aug 16, 2026

Citizens Capital Markets & Advisory has added Doug Brockway as a managing director in its Technology Investment Banking group, strengthening the firm's coverage of cybersecurity and infrastructure software. Brockway will lead Citizens' Cybersecurity and Infrastructure Software practice and will be based in Boston.

Allianz Global Investors Acquiring €28 Billion Firm UOB Asset Management For €376 Million

By Amit Chowdhry ● Aug 14, 2026

Allianz Global Investors has agreed to acquire UOB Asset Management from UOB Group for SGD 555 million, or approximately €376 million, significantly expanding its asset management business across Southeast Asia.

Raymond James Names Elyn Davis Senior Vice President Of Client Experience For RIA & Custody Services

By Amit Chowdhry ● Aug 14, 2026

Raymond James has appointed Elyn Davis Senior Vice President of Client Experience for its RIA & Custody Services division as part of a planned leadership succession and broader effort to scale the organization to meet clients' evolving needs.

Simplicity Acquires Mobile Bay Financial And Adds John McNeil And Virginia O’Brien As Partners

By Amit Chowdhry ● Aug 14, 2026

Simplicity Group has acquired Mobile Bay Financial Solutions, an independent financial advisory company based in Mobile, Alabama.

MassMutual Ascend Surpasses $2 Billion In Lifetime Advisory Annuity Sales

By Amit Chowdhry ● Aug 14, 2026

MassMutual Ascend has surpassed $2 billion in lifetime advisory annuity sales as registered investment advisors increasingly incorporate annuity products into fee-based retirement planning strategies.

Edward Jones: Client Assets Reach $2.6 Trillion As More Than 20,000 Advisors Serve 9 Million Clients

By Amit Chowdhry ● Aug 12, 2026

Edward Jones has grown to more than $2.6 trillion in client assets under care as of June 30, 2026, with more than 20,000 financial advisors serving over 9 million clients across North America. The privately held financial services firm continues to expand its technology, banking capabilities and financial planning offerings as it seeks to deepen relationships with investors.

Merit Financial Advisors Buys $900 Million Firm Bridgeway Group

By Amit Chowdhry ● Aug 12, 2026

Merit Financial Advisors has acquired The Bridgeway Group, a Southern California wealth management firm overseeing approximately $900 million in assets. Bridgeway has offices in Pasadena and Covina and is led by longtime partners Matt Dupon, Sean Montgomery, and Scott Miller. Its nine-person team provides financial planning and investment management services with a particular focus on retirement planning.

Prudential Advisors Adds $110+ Million Advisor Christopher Grella

By Amit Chowdhry ● Aug 12, 2026

Prudential Advisors has added New Jersey-based financial advisor Christopher Grella to NJ Wealth Partners, expanding Prudential Financial's wealth management arm with a veteran advisor who previously managed more than $110 million in client assets at Ameriprise Financial.

LPL Financial Expands Wealth Management Platform As HNW And UHNW Assets Top $300 Billion

By Amit Chowdhry ● Aug 11, 2026

LPL Financial is expanding its wealth management platform with new capabilities across investment management, alternative investments, tax planning, banking, lending and high-net-worth services as the firm looks to help advisors deliver more comprehensive financial advice.

Hightower Advisors Acquires Valley Financial Group With $275 Million In AUM

By Amit Chowdhry ● Aug 11, 2026

Hightower Advisors announced that Valley Financial Group, an independent wealth management practice based in Ambler, Pennsylvania, will join Hightower Signature Wealth, the firm's fully integrated national wealth management practice.

Feathery Launches AI-Powered Proposal Generation For Wealth Management Firms

By Amit Chowdhry ● Aug 11, 2026

Feathery has launched an AI-powered proposal generation solution designed to help wealth management firms create personalized client proposals at scale. The new capability brings together client data, financial planning documents, advisor expertise and firm-approved templates within a single AI workspace.

Ameriprise Financial Donates More Than $3 Million To Support Nonprofits And Communities

By Amit Chowdhry ● Aug 10, 2026

Ameriprise Financial has provided more than $3 million through grants and charitable matching programs as part of its efforts to support nonprofit organizations and communities across the U.S.

Potomac Fund Management Surpasses $5 Billion In AUM As Demand For Risk-Managed Strategies Accelerates

By Amit Chowdhry ● Aug 10, 2026

Potomac Fund Management has surpassed $5 billion in assets under management as financial advisors increasingly adopt quantitative, rules-based and risk-managed investment strategies.

CogniCor Adds Beacon Pointe Chairman And Co-Founder Shannon Eusey To Advisory Board

By Amit Chowdhry ● Aug 10, 2026

CogniCor has appointed Shannon Eusey, Chairman and Co-Founder of Beacon Pointe Advisors, to its Advisory Board as the AI wealth management technology company prepares for its next phase of strategic growth.

Rockefeller Global Family Office Adds Jones Wealth Partners And Expands Into Columbus

By Amit Chowdhry ● Aug 10, 2026

Rockefeller Global Family Office has added Jones Wealth Partners, a veteran wealth management team from Merrill Lynch, establishing a new office in Columbus, Ohio. The move expands Rockefeller’s presence in Ohio, where the firm already maintains offices in Cincinnati and Cleveland.