Asset Management

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.

AlphaCore Wealth Adds $700 Million Firm Brave Family Advisors

By Amit Chowdhry ● Aug 7, 2026

AlphaCore Wealth Advisory has added Brave Family Advisors, a boutique wealth management practice overseeing approximately $700 million in client assets, expanding AlphaCore’s presence in the Northeast.

RBC Clearing & Custody Appoints Larry Agin As Business Development Manager

By Amit Chowdhry ● Aug 7, 2026

RBC Clearing & Custody has appointed Larry Agin as Business Development Manager as the company expands its business development organization supporting independent broker-dealers and registered investment advisors.

Allworth Financial Acquires $1.1 Billion Firm Sachetta And Arthur Stein Financial

By Amit Chowdhry ● Aug 7, 2026

Allworth Financial has acquired Sachetta, a Massachusetts-based wealth and tax advisory firm with approximately $1.1 billion in assets under management. And Allworth also announced the acquisition of Arthur Stein Financial, a Bethesda, Maryland-based registered investment advisor specializing in comprehensive financial planning for federal employees and retirees.

Raymond James Onboards $1.1 Billion Team The Carlson Group

By Amit Chowdhry ● Aug 7, 2026

Raymond James has added a four-advisor team that previously managed approximately $1.1 billion in client assets at Baird. Financial advisors Kurt Carlson, Kenneth Breaden, Cassidy Carlson and Brian Koble have joined Raymond James & Associates, the company’s employee advisor channel. The group will operate as The Carlson Group of Raymond James in Cranberry Township, Pennsylvania.

Kestra Appoints Kristan Garner As Head Of Client Service And John Milligan As Head Of Operations

By Amit Chowdhry ● Aug 7, 2026

Kestra Financial has appointed Kristan Garner as Head of Client Service and John Milligan as Head of Operations as the wealth management platform continues expanding its operational and client experience capabilities. The appointments support both Kestra Financial and its breakaway-advisor channel, Kestra Private Wealth Services. Garner will oversee advisor service, technology solutions and account services.

Prime Capital Financial Secures $600 Million Carlyle Investment At More Than $1.8 Billion Enterprise Value

By Amit Chowdhry ● Aug 7, 2026

Prime Capital Financial has entered a strategic partnership with Carlyle through an approximately $600 million hybrid capital solution that includes a minority ownership investment in the independent wealth management firm.

Sequoia Financial Acquires All Star Financial With $796 Million In AUM And $566 Million In Retirement Assets

By Amit Chowdhry ● Aug 6, 2026

Sequoia Financial Group has acquired All Star Financial, an independent wealth management firm based in the Minneapolis-St. Paul area. All Star Financial had approximately $796 million in assets under management and an additional $566 million in retirement plan assets under advisement as of June 30, 2026. Financial terms were not disclosed.

Wealth Enhancement Acquires $592 Million Firm Miramar Capital

By Amit Chowdhry ● Aug 6, 2026

Wealth Enhancement has acquired the investment advisory business of Miramar Capital, an independent registered investment advisor based in Northbrook, Illinois. Miramar Capital is led by founders and senior portfolio managers Bob Kalman and Max Wasserman and manages more than $592 million in client assets. The acquisition increases Wealth Enhancement’s total client advisory, trust and brokerage assets to more than $159.4 billion.

LPL Onboards $300 Million Firm Paxel Financial Consulting

By Amit Chowdhry ● Aug 6, 2026

LPL Financial has added the financial advisors of Paxel Financial Consulting to its broker-dealer and registered investment advisor platforms. The team, led by founder Chin Po, CPA, reported serving approximately $300 million in advisory, brokerage and retirement plan assets as of the end of 2025.