Asset Management

Cetera Launches Cetera Planning Partners As A Nearly $19 Billion National RIA

By Amit Chowdhry ● Apr 28, 2026

Cetera Financial Group has launched Cetera Planning Partners, a national employee-advisor registered investment advisory firm unifying Avantax Planning Partners and The Retirement Planning Group into a single integrated platform. The combined entity will oversee approximately 19 billion dollars in assets under advisement across more than 100 advisors, operating within Cetera's RIA and Branches channel.

Mariner Independent Launches $1.3 Billion Mosaic Value Partners As Advisors Reestablish Independence

By Amit Chowdhry ● Apr 28, 2026

Mariner, a national financial services firm, has launched Mosaic Value Partners, a $1.3 billion wealth management firm founded by John Buckingham, Jason Clark, and Christopher Quigley through its Mariner Independent platform. The firm commenced operations on April 24 and represents the largest firm to debut on Mariner Independent to date, supported by three additional team members, including two licensed professionals.

Osaic Onboards $107 Million Advisor Geraldine Spinella Through New York Financial Partners

By Amit Chowdhry ● Apr 28, 2026

Geraldine Spinella has joined Osaic, one of the nation's largest providers of wealth management strategies, through its office of supervisory jurisdiction New York Financial Partners, bringing approximately $107 million in client assets from Raymond James. Spinella is based in Garden City, New York, and focuses on helping individuals and families navigate financial change through personalized investment strategies tailored to their unique circumstances.

Waverly Advisors Acquires $3.1 Billion Louisiana Firm TruWealth Advisors

By Amit Chowdhry ● Apr 28, 2026

Waverly Advisors, a Birmingham, Alabama-based registered investment advisor, has acquired TruWealth Advisors, a $3.1 billion wealth management firm headquartered in the greater New Orleans area with offices in Mandeville and Metairie, Louisiana. The transaction, which closed on April 24, 2026, establishes Waverly's first presence in Louisiana and marks the firm's 32nd acquisition since accepting a private equity investment in December 2021. Waverly's total assets under management now stand at approximately $34.2 billion.

RFG Advisory Appoints Two Board Members And Makes Strategic Investment In AI Workflow Platform Zocks

By Amit Chowdhry ● Apr 28, 2026

RFG Advisory, a wealth management firm focused on supporting independent financial advisors, has appointed Mark Gilbert and Jim Patrick to its board of directors and announced a strategic investment in Zocks Communications, an AI-driven workflow automation and business intelligence platform for financial advisors. RFG participated in Zocks' Series B round, co-led by Lightspeed Venture Partners and QED Investors, alongside other new and existing investors.

Sowell Management Launches Cache River Private Wealth To Serve High-Net-Worth Households

By Amit Chowdhry ● Apr 28, 2026

Sowell Management, a registered investment advisor serving financial advisors and their clients nationwide, has launched Cache River Private Wealth, a wholly owned division purpose-built to serve households with $5 million or more in net worth. The new division is designed to offer a family office lite experience, combining advanced planning, portfolio architecture, and coordinated tax strategies under one platform.

Morgan Stanley Investment Management: Stablecoin Reserves Portfolio Launch Expands Institutional Digital Asset Infrastructure

By Amit Chowdhry ● Apr 26, 2026

Morgan Stanley Investment Management announced the launch of its Stablecoin Reserves Portfolio, a new money market fund designed to support stablecoin issuers with compliant, yield-generating reserve management.

Abundance: Instacart Co-Founder Apoorva Mehta Launches AI-Driven Hedge Fund

By Amit Chowdhry ● Apr 26, 2026

Instacart co-founder Apoorva Mehta has launched a new hedge fund, Abundance, that uses artificial intelligence agents to make investment decisions, marking a significant step toward fully autonomous asset management, according to a Bloomberg report

Osaic Onboards $500+ Million Firm Pointes North Wealth Management

By Amit Chowdhry ● Apr 26, 2026

Osaic, one of the nation's largest providers of wealth management strategies, has announced that Pointes North Wealth Management, led by managing partners Nathan Auclair and Brent Balloch, CFP, ChFC, has joined its Empowered Independence channel. The Salem, New Hampshire-based firm oversees more than $500 million in client assets and is transitioning from an independent model to Osaic's W-2 structure. Innovative Financial Group, an Osaic office of supervisory jurisdiction, played a central role in facilitating the transition and helping design a structure aligned with Pointes North's long-term goals.

SYS Financial: ODM Financial Advisers Acquisition Adds €120 Million In Client Assets

By Amit Chowdhry ● Apr 25, 2026

SYS Financial, one of Ireland's leading financial advisory firms, has acquired ODM Financial Advisers, a well-established financial advisory firm based in Bandon, County Cork. The deal increases SYS Financial's client assets under management by €120 million, bringing total client AUM to over €900 million. The acquisition marks SYS Financial's third deal in Cork within the past year and forms part of a broader acquisition strategy, with several additional deals reported to be in the pipeline.