Asset Management

Mercer Advisors Expands In PNW With Acquisition Of $260 Million Firm Thompson Advisory Services

By Amit Chowdhry ● Dec 10, 2025

Mercer Global Advisors has widened its footprint in the Pacific Northwest with the acquisition of Thompson Advisory Services, a Portland-based Registered Investment Adviser overseeing approximately $260 million in client assets. The transaction brings a multigenerational, planning-first wealth management team into Mercer Advisors’ national platform and deepens the firm’s presence in the Portland market.

Earned Expands With Acquisition Of OJM Group And Nearly $1 Billion In AUM

By Amit Chowdhry ● Dec 9, 2025

Earned announced a significant expansion of its national wealth management platform with the acquisition of OJM Group, an Ohio-based Registered Investment Adviser and financial planning firm serving physicians and high-net-worth individuals for more than twenty five years. The transaction adds nearly one billion dollars in assets under management to Earned Wealth Advisors and marks Earned’s fifth acquisition in 2025.

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

By Amit Chowdhry ● Dec 8, 2025

Allworth Financial has announced its acquisition of FSA Wealth Management, a Needham, Massachusetts-based fiduciary advisory firm overseeing $460 million in assets under management. The transaction marks another step in Allworth’s strategy to expand its upmarket presence in regions where demand for sophisticated, integrated financial planning continues to grow. As part of the transition, FSA’s team will move to Allworth’s existing office in Waltham, Massachusetts.

Waverly Advisors Expands Alternatives Platform With Acquisition Of Select Promus Business Lines

By Amit Chowdhry ● Dec 8, 2025

Waverly Advisors has completed the acquisition of select business lines from Chicago-based Promus Holdings. This move significantly strengthens its presence in private equity, real estate, and multi-family office services. The transaction deepens Waverly’s offerings for high-net-worth and ultra-high-net-worth families while expanding its alternative investment strategies through the formation of a new subsidiary, Promus Capital Management.

Crestline Adds $150 Million To Expand Partnership With Credent Wealth Management

By Amit Chowdhry ● Dec 8, 2025

Crestline Investors has expanded its partnership with Credent Wealth Management through an additional $150 million commitment aimed at supporting the firm’s continued expansion and acquisition efforts. Credent, founded in 2018 and headquartered in Indiana, operates as a fee-only Registered Investment Advisor and manages more than four billion dollars in assets.

Smartleaf Asset Management Doubles Assets Under Management To Surpass $6.75 Billion

By Amit Chowdhry ● Dec 7, 2025

Smartleaf Asset Management has reported a significant expansion of its outsourced portfolio management business, announcing that its assets under management have climbed past $6.75 billion. The milestone marks a substantial increase from $3.75 billion a year earlier, and highlights accelerated industry adoption of outsourced rebalancing and tax optimization solutions.

Osaic Expands With Addition Of $705 Million True Wealth Advisors And $104 Million Soundview Financial

By Amit Chowdhry ● Dec 7, 2025

Osaic, one of the nation’s largest providers of wealth management strategies, has continued its rapid expansion with the addition of two substantial independent advisory firms: True Wealth Advisors, which oversees more than $705 million in client assets, and Soundview Financial Group, which manages approximately $104 million.

Willow Wealth Introduces Evergreen Funds From Carlyle, Goldman Sachs, And StepStone

By Amit Chowdhry ● Dec 7, 2025

Willow Wealth has expanded its private markets offering with the addition of evergreen funds from Carlyle, Goldman Sachs Asset Management, and StepStone, marking a significant enhancement to its platform as demand for institutional-caliber private market exposure continues to grow.

Ivy Wealth Management: Minority Investment Raised From Summit Financial

By Amit Chowdhry ● Dec 6, 2025

Summit Financial has expanded its national registered investment advisor network with a minority investment in Ivy Wealth Management, a Northeast-based advisory firm overseeing more than $500 million in client assets. The transaction adds significant scale to Summit’s fast-growing platform, which now surpasses $25 billion in assets under advisement after completing 27 partnership deals since early 2024, including 14 this year.

Motley Fool Wealth Management To Join Apollon In Strategic Acquisition

By Amit Chowdhry ● Dec 6, 2025

Motley Fool Wealth Management announced it has signed an agreement to join Apollon Wealth Management. This move will expand the firm’s financial planning capabilities and broaden the suite of investment solutions available to its clients. The acquisition is expected to close in the first quarter of 2026, pending customary conditions.

Cetera Adds $115 Million Veteran Advisor David Bashaw After

By Amit Chowdhry ● Dec 6, 2025

Cetera has recruited longtime Commonwealth Financial Network advisor David Bashaw, a veteran financial professional who joins the firm after nearly four decades with his previous broker-dealer. Bashaw, who oversees approximately $115 million in assets for clients across New England and Florida, selected Cetera Wealth Partners following interviews with nearly a dozen firms. His transition comes shortly after LPL Financial acquired Commonwealth, prompting Bashaw to evaluate new platforms for his practice.

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.