Asset Management

Simplicity Buying RIA Firm Verity Asset Management

By Amit Chowdhry ● Jul 16, 2025

Simplicity Group Holdings, a leading financial products distribution company, has acquired Verity Asset Management, a Registered Investment Advisor based in Durham, NC. Founded in 1996, Verity helps clients maximize and preserve wealth with a client-focused approach. Its leadership team—Gordon Wegwart, Sean McGill, Amy Simonson, and Jeff Munsey—will remain in their roles and become Simplicity partners, working to expand the firm’s client base.

Eton Solutions: $58 Million Series C Raised For AI-Based Wealth Management Technology

By Amit Chowdhry ● Jul 16, 2025

Eton Solutions, a leading wealth management platform for the world's wealthiest single and multi-family offices, has closed a $58 million Series C funding round, led by returning investor Navis Capital Partners.

Fair Aim Capital: £30 Million Fund Closed For Driving AI Transformation

By Amit Chowdhry ● Jul 16, 2025

Fair Aim Capital, a newly established family-backed investment firm, has announced the launch of its £30 million fund. This fund is designed to acquire and transform UK small and medium-sized enterprises (SMEs) by strategically implementing artificial intelligence (AI) and optimizing digital marketing.

Creative Planning Onboards $430 Million Team Mosaic Pacific

By Amit Chowdhry ● Jul 16, 2025

Creative Planning, a national investment advisor, has acquired Mosaic Pacific, a Hawaiian financial advisory firm. The deal, finalized on June 30, 2025, adds approximately $430 million in assets under management to Creative Planning's portfolio.

Atlas Onboarding Central Wealth Management And Passes $230 Million In AUM

By Amit Chowdhry ● Jul 16, 2025

Atlas, a financial firm focused on modernizing wealth management, has acquired Central Wealth Management (CWM), a Wisconsin-based RIA. This acquisition pushes Atlas's total assets under management past $230 million. CWM will now operate fully under the Atlas brand, maintaining its office in Madison, Wisconsin.

Blue Owl Capital And Voya Financial Partnering For Bringing Private Markets To Retirement Plans

By Amit Chowdhry ● Jul 16, 2025

Blue Owl Capital (a leading alternative asset manager) and Voya Financial (a prominent provider of retirement and investment solutions) have announced a strategic partnership. Their goal is to develop private market investment products specifically for defined contribution retirement plans.

Hightower: Scott Hadley Named As New Chief Advisory Officer

By Amit Chowdhry ● Jul 16, 2025

Hightower Advisors, a national wealth management firm, has appointed Scott Hadley to the newly created position of Chief Advisory Officer. In this role, Hadley will be responsible for enhancing Hightower's engagement and support for its expanding network of advisors. This move underscores Hightower's ongoing commitment to fostering growth and providing robust resources for advisors.

Merit Financial Advisors: Minority Investment Raised From Constellation Wealth Capital

By Amit Chowdhry ● Jul 15, 2025

Merit Financial Advisors, an Atlanta-based national wealth management firm with $19.94 billion in assets under advisement, has announced a strategic minority investment from Constellation Wealth Capital (CWC). CWC is an alternative asset management platform focused on supporting the long-term growth of independent wealth management firms.

Composition Wealth Brings In Two Teams And Reaches $9.5 Billion AUM

By Amit Chowdhry ● Jul 15, 2025

Composition Wealth, a national registered investment advisor (RIA), has expanded its reach by adding two advisory teams, bringing in a combined $481 million in assets. This increases Composition Wealth's total assets under management (AUM) to $9.5 billion as of July 3, 2025. The new partnerships include:

Modern Wealth To Buy Kaye Capital And Pass $8.5 Billion AUM

By Amit Chowdhry ● Jul 13, 2025

Modern Wealth Management has acquired Kaye Capital Management (KCM), a California-based, fee-only RIA with $700+ million in assets under management (AUM) and an additional $300 million in assets under advisement (AUA). This acquisition brings Modern Wealth's total AUM to $8.5+ billion and is its fourth acquisition of 2025.

Aspen Standard Acquiring $880 Million Firm SKY Investment

By Amit Chowdhry ● Jul 13, 2025

Aspen Standard Wealth, a firm specializing in long-term partnerships with independent advisory firms, has announced its acquisition of SKY Investment Group. Based in Hartford, Connecticut, SKY Investment Group is a Registered Investment Advisor (RIA) with $880 million in assets under management (AUM).

F2 Strategy To Buy Aliter Investment Services

By Amit Chowdhry ● Jul 13, 2025

F2 Strategy, a wealth management technology and marketing services company, has acquired Aliter Investment Services, a firm specializing in operations and technology transformation for investment managers and asset servicing providers.

LPL Brings In $870 Million Team Narmi Group

By Amit Chowdhry ● Jul 13, 2025

LPL Financial announced that advisors Charlie Narmi and Theresa Rynaski, CFP, have joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch The Narmi Group Investment Management. They manage approximately $870 million in advisory, brokerage, and retirement plan assets and previously worked at Baird.

Procyon Acquiring $600 Million Firm Wooster Corthell Wealth

By Amit Chowdhry ● Jul 13, 2025

Procyon, an independent registered investment advisory firm, has acquired Wooster Corthell Wealth Management, a Connecticut-based firm managing about $600 million in client assets. This deal enhances Procyon’s northeastern presence and increases its total assets under management to around $8 billion.

Carson Group Onboards $608 Million Team Aveo Capital

By Amit Chowdhry ● Jul 13, 2025

Carson Group, a leading wealth advisory firm with more than $42 billion in assets under management, has decisively acquired Aveo Capital, a wealth advisory firm based in Englewood, Colorado, managing around $608 million in assets. Aveo Capital will be rebranded as a Carson Wealth location.

Credent Wealth Onboards $420 Million Michigan-Based Firm TFG Advisors

By Amit Chowdhry ● Jul 10, 2025

CX Institutional, a fee-only RIA in Indiana, acquired TFG Advisors, a Michigan-based firm with about $420 million in AUM. This marks Credent's second and third Michigan offices, bringing its total AUM close to $4 billion and reinforcing its Midwest presence.

Apella: $207 Million Team Independence Wealth Advisors Onboarded

By Amit Chowdhry ● Jul 9, 2025

Apella Wealth, a financial advisory and wealth management firm, has acquired Independence Wealth Advisors, a registered investment adviser (RIA).

Cetera Reveals Alternative Investments Allocation Models

By Amit Chowdhry ● Jul 9, 2025

Cetera has introduced its first Alternative Investments allocation model for advisors seeking to offer alternative investments to accredited-investor clients.

Raymond James Brings In $1.1 Billion Team

By Amit Chowdhry ● Jul 9, 2025

Raymond James has welcomed seven financial advisors to its independent channel, Raymond James Financial Services (RJFS), as announced by Northeast division director Alex David.

Tikehau Capital: €1 Billion Raised To Support Egis’ Growth

By Amit Chowdhry ● Jul 7, 2025

Alternative asset manager Tikehau Capital announced a capital raise for its portfolio company Egis, reaffirming its commitment to supporting its international expansion. This deal marks the launch of Tikehau Capital’s first private equity continuation fund dedicated to Egis, with a size exceeding €1 billion.

Commonwealth: $430 Million Patrick Funke & Associates Team Onboarded

By Amit Chowdhry ● Jul 6, 2025

Savvy Wealth: $72 Million Raised For Financial Advisor Platform

By Amit Chowdhry ● Jul 3, 2025

Savvy Wealth - a digital-first platform for financial advisors centered around modernizing human financial advice, announced the closing of a $72 million Series B funding round, led by Industry Ventures. The funding round attracted new investors Vestigo Ventures (a venture capital firm founded by former LPL Financial CEO and Chairman Mark Casady, who joins Savvy’s Board of Directors) and Euclidean Capital. Existing investors Canvas Ventures, Thrive Capital, The House Fund, Brewer Lane Ventures and former Focus Financial executive Vamsi Yadlapati also participated. This latest funding round brings Savvy to over $100 million in total funding.

Steward Partners Onboards $1.1 Billion Team Consilium Wealth Management

By Amit Chowdhry ● Jul 2, 2025

Steward Partners, a full-service, employee-owned, independent financial services firm, announced the acquisition of Consilium Wealth Management, adding $1.1 billion in assets to its platform within the Legacy Division.

Edward Jones To Buy Overlay Management Services Capabilities From Natixis

By Amit Chowdhry ● Jun 30, 2025

Edward Jones announced it intends to acquire Natixis Investment Managers' (Natixis IM) Overlay Management Services capabilities through the purchase of select assets and an exclusive license for certain proprietary technology. And Natixis IM will continue to serve as a direct-indexing provider to Edward Jones' UMA offerings. The deal is expected to close later this year, at which time Edward Jones will serve as the overlay manager for its U.S.-based Unified Managed Accounts (UMA).

Ivy Asset Group: Evergreen Fund Passes $100 Million AUM

By Amit Chowdhry ● Jun 25, 2025

Ivy Asset Group, an established private credit manager based in Charleston, South Carolina, recently announced that its Ivy Evergreen Fund has surpassed $100 million in assets under management (AUM).

Osaic Onboarding $13.5 Billion Firm CW Advisors

By Amit Chowdhry ● Jun 23, 2025

Osaic, which is one of the nation’s largest providers of wealth management solutions and a portfolio company of Reverence Capital Partners, announced the acquisition of CW Advisors, a Boston-based registered investment advisor (RIA) managing $13.5 billion in fee-only client assets. CW Advisors serves high-net-worth and ultra-high-net-worth clients through its core wealth management and family office platform, with 140 professionals across 17 offices.

Dynasty Financial Onboards $2.6 Billion Atlanta-Based Anchyra Partners Team

By Amit Chowdhry ● Jun 20, 2025

Dynasty Financial Partners announced it has onboarded Anchyra Partners, a new independent registered investment advisory firm based in Atlanta. This team previously managed $2.6 billion in client assets. Anchyra will focus on ultra-high-net-worth clients and multi-family offices, expanding through both organic growth and acquisitions.

The Bahnsen Group: New Leadership Positions Announced

By Amit Chowdhry ● Jun 18, 2025

The Bahnsen Group, a national wealth management firm with over $7.5 billion in assets under management, announced new leadership positions and key hires in response to its growth and commitment to delivering an extraordinary client experience.

Bluespring Wealth Partners Onboards $1.4 Billion Firm SilverStar

By Amit Chowdhry ● Jun 17, 2025

Bluespring Wealth Partners - a leading acquirer of independent RIAs and hybrid wealth management firms - announced the acquisition of the existing Kestra Financial firm SilverStar Wealth Management, along with its subsequent merger into the existing Bluespring firm LifeBridge Financial Group. As combined teams, investment advisor professionals from SilverStar and LifeBridge will now oversee $1.4 billion in assets under management (AUM).

Commonwealth Onboards $1.5 Billion Angelo Planning Group

By Amit Chowdhry ● Jun 14, 2025

Commonwealth Financial Network, a national Registered Investment Advisor (RIA) dedicated to providing financial advisors with integrated business solutions, has announced the welcome of the Rochester, New York-based Angelo Planning Group (APG) to its network of independent advisors.