Asset Management

Wealth Enhancement Expands With Acquisition Of $532 Million Firm FPG Private Wealth

By Amit Chowdhry ● Dec 5, 2025

Wealth Enhancement has acquired FPG Private Wealth, a hybrid RIA overseeing more than $532 million in client assets, in a move that strengthens the firm’s footprint in the Midwest and increases its total client assets to over $127.8 billion. Based in Carmel and Lafayette, Indiana, FPG Private Wealth was previously affiliated with Financial Partners Group and is led by Senior Vice Presidents Andrew Moulton and Timothy Johnston, along with Financial Advisor Don Penn.

Sequoia Financial Group Expands In California With Acquisition Of $406 Million Firm Sterling Financial

By Amit Chowdhry ● Dec 4, 2025

Sequoia Financial Group has acquired Pasadena-based Sterling Financial Group, deepening its West Coast presence and adding $406 million in AUM to its growing national wealth management platform.

Allworth Financial Expands In Boston With Acquisition Of $460 Million Firm FSA Wealth Management

By Amit Chowdhry ● Dec 4, 2025

Allworth Financial has acquired FSA Wealth Management, a Needham, Massachusetts–based fiduciary advisory firm overseeing $460 million in assets, strengthening the firm’s up-market capabilities in one of the nation’s most competitive wealth hubs. The deal brings six professionals, including five financial advisors—into Allworth’s growing Greater Boston operation, with the team set to transition into Allworth’s existing Waltham office.

Citizens Adds New 401(k) Advisory Team As Private Wealth Expansion Accelerates

By Amit Chowdhry ● Dec 4, 2025

Citizens Financial Group has added its 10th new advisory team to its rapidly expanding Private Wealth business, introducing CF Retirement Solutions, a New York–based group focused on corporate employer-sponsored retirement plans. The move extends Citizens’ capabilities in 401(k) advisory services for small and mid-sized businesses nationwide.

Creative Planning Buys Burt Wealth Advisors, Adding $1 Billion in AUM

By Amit Chowdhry ● Dec 4, 2025

Creative Planning has acquired North Bethesda–based Burt Wealth Advisors, expanding its footprint and adding $1 billion in assets under management. The deal marks Creative Planning’s 15th acquisition in two years as the firm continues accelerating its nationwide growth.

Nevis: $40 Million Raised As It Emerges From Stealth To Build Wealth Management AI Tools

By Amit Chowdhry ● Dec 2, 2025

Nevis, an AI platform built to automate wealth management workflows, has emerged from stealth with $40 million in total funding after closing a $35 million Series A round led by Sequoia Capital with participation from ICONIQ and Ribbit Capital. The raise comes less than one year after the company’s founding.

Eurazeo Expands Wealth Products Portfolio With Launch Of Two Pan-European Evergreen Funds

By Amit Chowdhry ● Nov 30, 2025

Eurazeo has introduced two new Evergreen investment funds to accelerate the international expansion of its Wealth portfolio and strengthen its presence in the European private asset management landscape. The new vehicles, Eurazeo Prime Income Credit (EPIC) for private debt and Eurazeo Prime Strategic Opportunities (EPSO) for secondary private equity, are designed to be distributed across major European markets, including Austria, Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Spain, Sweden, Switzerland, and the United Kingdom.

Pavilion Capital To Integrate Into Seviora Group As Part Of Expansion Strategy

By Amit Chowdhry ● Nov 30, 2025

Singapore-based Seviora Group announced plans to integrate Pavilion Capital into its platform as part of a broader strategy to expand its investment capabilities and strengthen its position as a major Asia-focused asset management group. Pavilion Capital will bring complementary expertise in Asia-focused private equity fund-of-funds and co-investment strategies, increasing Seviora’s total assets under management to about US$72 billion (S$94 billion) as of September 30, 2025.

Cambridge Acquires Dempsey Lord Smith To Accelerate Advisor Growth

By Amit Chowdhry ● Nov 30, 2025

Cambridge Investment Research has acquired Dempsey Lord Smith, a long-standing independent financial services firm, in a transaction designed to accelerate advisor growth and broaden long-term opportunity for both organizations. The deal brings Dempsey Lord Smith into Cambridge as a wholly owned subsidiary. It represents a significant strategic shift for the firm, moving away from operating its own broker-dealer and instead leveraging Cambridge’s scale, technology, and operational infrastructure.

Raymond James Onboards $420 Million Firm Forsa Wealth Partners

By Amit Chowdhry ● Nov 30, 2025

Raymond James Financial Services has expanded its independent advisor channel with the addition of a veteran father-and-son advisory team overseeing $420 million in client assets. John Murphy and Sean Murphy, CFP, ChFC, have joined the firm as Forsa Wealth Partners, bringing decades of combined experience and a substantial client base from Edward Jones. The team will continue operating from Chesapeake, Virginia, and will be joined by financial professional Megan Howell, AAMS.

Cetera Adds $265 Million Firm Callero Capital Management

By Amit Chowdhry ● Nov 30, 2025

Cetera Financial Group has expanded its Tax and Accounting Channel with the addition of Callero Capital Management, an advisory practice led by cousins Matthew Callero and Christopher Callero. The Chicago-area firm oversees about $265 million in assets under administration and joins Cetera Financial Specialists after a year-long evaluation of potential broker-dealer partners.

LPL Financial Takes Minority Stake In Private Advisor Group

By Amit Chowdhry ● Nov 24, 2025

Private Advisor Group announced that LPL Financial has acquired a minority ownership stake in the firm, marking a significant expansion of one of the longest-standing relationships in the wealth management sector. The agreement strengthens Private Advisor Group’s strategic alignment with LPL Financial, one of the fastest-growing wealth management platforms in the United States. It adds to the existing minority ownership held by Merchant Investment Management.

MAULOA: Interview With Founding Partner Andrew Sachs About The Investment Firm

By Amit Chowdhry ● Nov 23, 2025

MAULOA is a firm of long-term investors that provides owner liquidity and working capital to family-owned businesses to accelerate growth. Pulse 2.0 interviewed MAULOA founding partner Andrew Sachs to gain a deeper understanding of the firm.

BCN: Interview With Chairman Richard Boudria About The Managed Network And Technology Solutions Company

By Amit Chowdhry ● Nov 23, 2025

BCN is a leading provider of managed network and technology solutions.. Pulse 2.0 interviewed BCN Chairman and CEO Richard M. Boudria to gain a deeper understanding of the firm.

Merit Financial Advisors: $1.2 Billion Firm Blueprint Wealth Onboarded

By Amit Chowdhry ● Nov 23, 2025

Merit Financial Advisors has completed the acquisition of Blueprint Wealth Advisors, a strategic transaction that strengthens Merit's presence across the Midwest and brings $1.2 billion in additional assets under management. The deal expands Merit's reach across Illinois and Wisconsin, introduces the firm to the Chicago market, and adds a high-performing team recognized for serving high-net-worth and ultra-high-net-worth clients.

Grandview Partners Joins Kestra Financial With $800 Million In Assets Under Management

By Amit Chowdhry ● Nov 22, 2025

Kestra Financial has expanded its advisor network with the addition of Grandview Partners, a Massachusetts-based wealth management team overseeing approximately $800 million in assets under management. The move enhances Kestra’s nationwide footprint and aligns with the company’s strategy of recruiting growth-minded, relationship-oriented advisory practices.

Citizens Expands Private Wealth Business With Addition Of $880 Million Southern California Team

By Amit Chowdhry ● Nov 21, 2025

Citizens Financial Group has expanded its Private Wealth business by acquiring Bradley Wealth Partners, a Newport Beach-based advisory group that previously managed $880 million in client assets. The move reflects Citizens’ broader strategy to strengthen its wealth presence across the Southern California region and deepen its support for next-generation and ultra-high-net-worth clients.

Bailard Completes Three Strategic Property Acquisitions During Third Quarter Of 2025

By Amit Chowdhry ● Nov 20, 2025

The Bailard Real Estate Fund has completed three property acquisitions across key U.S. markets during the third quarter of 2025, signaling a return to deliberate investment activity as market conditions show signs of improvement.

Citi Reveals Major Leadership Transition As Mark Mason Steps Down As CFO And Gonzalo Luchetti Takes Over

By Amit Chowdhry ● Nov 20, 2025

Citi announced a significant leadership transition, with longtime Chief Financial Officer Mark Mason preparing to exit the role in early March 2026. Following a structured transition process, Gonzalo Luchetti, who has served as Head of U.S. Personal Banking since 2021, will become the next CFO. Mason will assume the role of Executive Vice Chair and Senior Executive Advisor to Chair and CEO Jane Fraser, supporting strategic initiatives and preparations for Citi’s upcoming Investor Day.

Private Advisor Group Announces New Minority Investment From LPL Financial

By Amit Chowdhry ● Nov 20, 2025

Private Advisor Group has secured a new minority investment from LPL Financial, marking a significant expansion of its ownership structure and reinforcing its position as one of the country’s prominent financial services firms. The deal, effective November 18, 2025, aligns the firm more closely with LPL Financial, one of the fastest-growing wealth management organizations in the United States. Merchant Investment Management, already a minority owner since 2021, remains alongside LPL and legacy shareholders, collectively supporting the firm’s long-term strategy.

J.P. Morgan Asset Management Closes $1 Billion Co-Investment Fund II To Expand Small And Middle Market Buyout Platform

By Amit Chowdhry ● Nov 20, 2025

J.P. Morgan Asset Management’s Private Equity Group has closed its second dedicated co-investment vehicle, PEG Co-Investment Fund II, at $1 billion, surpassing its original $750 million fundraising target. The close marks a significant expansion of the firm’s long-standing small- and middle-market buyout strategy, which remains a central focus of the Private Equity Group’s investment platform.

Carson Group Onboards $1.45 Billion Total Wealth Planning Team

By Amit Chowdhry ● Nov 19, 2025

Carson Group has expanded its national advisory footprint with its most significant acquisition of the year through a strategic partnership with Ohio-based Total Wealth Planning, a 19-person firm overseeing approximately $1.45 billion in assets under management. The Cincinnati area team will rebrand as Carson Wealth and become the company’s 34th wholly owned office.

Cresset Adds $1.8 Billion Advisory Team In Strategic Expansion Across Atlanta And Jackson Hole

By Amit Chowdhry ● Nov 19, 2025

Cresset has expanded its national footprint by adding a high-profile advisory group overseeing more than $1.8 billion in client assets. The incoming team, led by Jamie Gilbert, Jean Wright, and Max Ripans, joins the firm from Goldman Sachs and will strengthen Cresset’s Atlanta operations while launching a new presence in Jackson Hole, Wyoming.

Beacon Pointe Advisors Acquires $1.4 Billion RIA Hemington Wealth Management

By Amit Chowdhry ● Nov 19, 2025

Beacon Pointe Advisors has acquired Hemington Wealth Management, a $1.2 billion female-founded registered investment advisory firm with offices in Falls Church, Virginia, and Chicago, Illinois. The deal marks Beacon Pointe’s fifth acquisition of a female-led firm this year and its twelfth overall in 2025. With Hemington joining the organization, Beacon Pointe’s assets under advisement rise to approximately $55 billion, further strengthening its position as the largest female-led RIA in the United States.

Matter Family Office And IWP Family Office To Merge, Creating A $10 Billion Multi-Family Office Powerhouse

By Amit Chowdhry ● Nov 18, 2025

Two leading independent family offices, Matter Family Office and IWP Family Office, announced that they are merging to form a single integrated firm focused on ultra-high-net-worth (UHNW) multigenerational families. The move brings together more than 90 professionals across three locations: St. Louis, Denver, and Dallas-Fort Worth. It combines their assets under advisement at over $10 billion for more than 140 families nationwide.

Intellectus Partners Spins Out Intellebox.ai, Names AJ De Rosa CEO To Lead AI Platform For Advisory Firms

By Amit Chowdhry ● Nov 18, 2025

Intellectus Partners announced that it has appointed AJ De Rosa as Chief Executive Officer of Intellebox.ai, effective October 1, 2025, marking the transition of the platform from an internal innovation initiative to an independent company serving advisory and wealth management firms.

RFG Advisory: $340 Million Firm Cambium Wealth Partners Joins To Accelerate Growth And Scale Technology

By Amit Chowdhry ● Nov 18, 2025

Arizona-based advisory firm Cambium Wealth Partners has selected RFG Advisory to support its next generation of growth by leveraging RFG’s platform capabilities in technology, operations, and service delivery. The move continues RFG’s strong momentum in advisor recruitment, with the firm now exceeding $7 billion in assets under management.

CPP Investments Reports Net Assets Of $777.5 Billion As Second Quarter Fiscal 2026 Earnings Rise

By Amit Chowdhry ● Nov 17, 2025

The Canada Pension Plan Investment Board reported another intense period of performance, with net assets reaching $777.5 billion at the end of the second quarter of fiscal 2026. This represents a quarterly increase of $45.8 billion, compared to $731.7 billion in the previous quarter. The results were primarily driven by $39.8 billion in net income, supported by an additional $6 billion in net transfers from the Canada Pension Plan. The Fund also generated a 10-year annualized net return of 8.8% and recorded a quarterly net return of 5.4%.

Morgan Stanley Investment Management Launches New ELTIF To Expand Access To Global Private Markets

By Amit Chowdhry ● Nov 17, 2025

Morgan Stanley Investment Management has introduced the Morgan Stanley Private Markets ELTIF, a new vehicle designed to expand investor access to diversified private market opportunities across Europe, the United States, and Asia. The launch marks a significant expansion of the firm’s private markets offering, leveraging the capabilities of its Portfolio Solutions Group.

Lili Expands FDIC Insurance To $3 Million And Raises High-Yield Business Savings Rate To 4% APY

By Amit Chowdhry ● Nov 17, 2025

Lili, a New York-based SMB banking platform, has significantly expanded its financial protections and savings options for business customers by increasing its FDIC insurance coverage to $3 million through its partner bank, Sunrise Bank, while also introducing a new tiered high-yield structure that boosts the APY on higher balances to 4.00%. The upgraded insurance level represents a significant jump from its previous $250,000 offering and provides business owners with twelve times the national standard coverage.