Asset Management

Pure Financial Acquiring Fairhaven Wealth Management

By Amit Chowdhry ● Apr 21, 2025

Pure Financial Advisors (a San Diego, CA-based financial education, planning and investment advice company) announced it has acquired Fairhaven Wealth Management, located in the Chicago suburb of Wheaton, Illinois.

LPL Onboards $230 Million Tenacity Investment Group Advisor Team

By Amit Chowdhry ● Apr 21, 2025

LPL Financial announced that financial advisor Steve Jones of Tenacity Investment Group has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. And he reported serving about $230 million in advisory, brokerage and retirement plan assets and joins LPL from Raymond James.

Creative Planning Onboards $1+ Billion Monterey Private Wealth Team

By Amit Chowdhry ● Apr 20, 2025

Creative Planning, which is one of the nation’s largest registered investment advisors (RIAs), announced that Monterey Private Wealth, a renowned financial advisory firm based in Monterey, California, has joined Creative Planning.

EP Wealth: $385 Million AlphaMark Advisors Team Onboarded

By Amit Chowdhry ● Apr 19, 2025

EP Wealth Advisors, a leading fee-only registered investment adviser (RIA) with a national footprint, announced its partnership with AlphaMark Advisors, a wealth management firm based in Fort Wright, Kentucky. This strategic deal enhances EP Wealth’s presence in the Midwest, bringing the firm’s comprehensive, client-first services to more individuals and families in the Greater Cincinnati area. The acquisition adds about $385 million in AUM.

SoundRidge Private Wealth: $380 Million Team Debuts In NYC

By Amit Chowdhry ● Apr 18, 2025

Advisors Noah Doyle and Charles Princiotto (previously operating as Battery Park Financial Partners at Janney Montgomery Scott) recently announced the launch of SoundRidge Private Wealth, a Manhattan-based financial advisory practice. This team joins FiNet with about $380 million in client assets as of May 31, 2024.

CIVC Street Partners Acquires Controlling Stake In Cary Street

By Amit Chowdhry ● Apr 18, 2025

Cary Street Partners Financial (CSP) and CIVC Partners (CIVC) announced a strategic partnership based on a significant investment by CIVC. This recapitalization provides additional capital to fuel organic expansion and strategic acquisitions, positioning Cary Street Partners for the next growth phase.

Barclays Selling Stake Of Payments Business To Brookfield

By Amit Chowdhry ● Apr 18, 2025

Barclays and Brookfield Asset Management through its Financial Infrastructure strategy, announced a long-term strategic partnership to grow and transform Barclays’ payment acceptance business, previously referred to as its merchant acquiring business. And Barclays and Brookfield will work to create a standalone entity over time.

Crayhill Capital Management: Third Flagship Fund Closed At Over $1.3 Billion

By Amit Chowdhry ● Apr 17, 2025

Crayhill Capital Management, a $3 billion alternative asset management firm, announced the closing of Crayhill Principal Strategies Fund III with about $1.31 billion of capital commitments, including $162 million of committed co-investment capacity, surpassing its $1 billion target.

Bridgepoint: John Dionne And Michelle Scrimgeour Named As New Independent Directors

By Amit Chowdhry ● Apr 16, 2025

Bridgepoint announced the appointment of John Dionne and Michelle Scrimgeour as independent non-executive directors effective July 1, 2025.

AAB Acquiring Magus Wealth, Bringing AUA To £1.8 Billion

By Amit Chowdhry ● Apr 16, 2025

AAB’s chartered financial planning team AAB Wealth announced it continues to implement its strategic growth plan with the acquisition of prominent London-based financial planning firm Magus Wealth. And this deal boosts their Assets under Advice (AuA) to £1.8 billion, an uplift of £650 million.

Schwab Launches Alternative Investments Platform For Eligible Investors

By Amit Chowdhry ● Apr 14, 2025

Charles Schwab announced that Schwab Alternative Investments Select, its new alternative investments platform, is now available to all eligible retail clients with more than $5 million in household assets at Schwab.

Raymond James Onboards $769 Million Ohio-Based Advisor Team

By Amit Chowdhry ● Apr 14, 2025

Raymond James recently announced financial advisors Marcus Jones, CFP, Eric Sommers, Michael “Mick” Foster and Christine Rutherford, CFP, CRPC, to Raymond James & Associates (RJA) in Perrysburg, Ohio as announced by Amy Smart, Central regional director for RJA.

Raymond James: Doug Brigman Named As President Of Asset Management Services

By Amit Chowdhry ● Apr 13, 2025

Raymond James is supporting its commitment to deliver a best-in-class platform for financial advisors to help their clients by announcing two leadership appointments. And the firm’s holistic approach emphasizes superior resources and investment strategies, and development support for advisors through each phase of establishing, growing, and capitalizing on their businesses.

LPL Onboards $220 Million Trimp Wealth Management Team

By Amit Chowdhry ● Apr 13, 2025

LPL Financial announced that father-son financial advisors Patrick Trimp, CFP, and Jack Trimp, ChFC, of Trimp Wealth Management have joined LPL Financial’s broker-dealer, Registered Investment Advisor, and custodial platforms. They reported serving approximately $220 million in advisory, brokerage, and retirement plan assets and joined LPL from Nations Financial Group.

CD&R: Michael Harrington Named As Risk Director

By Amit Chowdhry ● Apr 11, 2025

CD&R announced the appointment of Michael Harrington as Risk Director, a new position that will provide strategic risk management guidance at both the portfolio and enterprise level.

Osaic Onboards $450 Million NoxNumis Team

By Amit Chowdhry ● Apr 11, 2025

Osaic announced NoxNumis, a wealth management firm based in Wichita, Kansas, that serves over $450 million in client assets, as the latest advisor to join its community.

LPL Names Vaughn Harvey As Chief Data And AI Officer

By Amit Chowdhry ● Apr 11, 2025

LPL Financial announced the appointment of Vaughn Harvey as executive vice president and chief data and artificial intelligence (AI) officer. Harvey will oversee the company’s data and AI initiatives, driving innovation and digital transformation across the organization.

Carson Group Acquires $314 Million Mommaerts Mahaney Financial Services Team

By Amit Chowdhry ● Apr 11, 2025

Carson Group, a leading wealth advisory firm with almost $41 billion in assets under management (AUM), announced the full acquisition of Mommaerts Mahaney Financial Services. Headed by founder Jon Mommaerts, CFP, the Marquette, Michigan-based firm serves about $314 million AUM and will rebrand as a Carson Wealth office in Marquette.