Asset Management

Summit Financial Adds Kamal Capital And M Group, Bringing About $520 Million In Combined Client Assets

By Amit Chowdhry ● Aug 4, 2026

Summit Financial has added Kamal Capital Group and M Group Investment Advisor to its national wealth management platform, bringing approximately $520 million in combined client assets. The partnerships increase Summit’s total number of advisory firm relationships to 65 and establish the company’s first presence in Georgia and Oregon. They also expand Summit’s footprint across Michigan, Florida and Washington.

Hightower Signature Wealth Adds $2.5 Billion Firm Stearns Financial Group

By Amit Chowdhry ● Aug 4, 2026

Hightower Advisors has added Stearns Financial Group to Hightower Signature Wealth, bringing approximately $2.5 billion in assets under management and 30 employees to the integrated wealth management platform. Stearns Financial Group operates from Greensboro and Chapel Hill, North Carolina, and has provided financial planning and wealth management services since 1991.

Haven Tower Group Appoints Stephen Langlois To Board Of Advisors

By Amit Chowdhry ● Aug 4, 2026

Haven Tower Group has appointed wealth management and wealth technology executive Stephen Langlois to its Board of Advisors. Langlois brings senior leadership experience from Kestra Financial, Fidelity Investments, eMoney and LPL Financial. He will advise Haven Tower as the strategic communications firm expands its services and approaches its 15th anniversary.

Allspring Global Investments Selects Aiviq To Build Global Client Data Platform

By Amit Chowdhry ● Aug 4, 2026

Allspring Global Investments has selected Aiviq to establish a global, enterprise-grade Client Book of Record platform designed to unify client data across the asset manager’s distribution business. The platform will consolidate information related to client assets, investment flows and sales attribution, providing Allspring with a single, reconciled view of client activity across its global operations.

Prospera Financial Services Onboards $300 Million Firm Abound Advisors

By Amit Chowdhry ● Aug 4, 2026

Prospera Financial Services has added Abound Advisors, a wealth management firm overseeing approximately $300 million in client assets, to its nationwide network of independent financial advisers. Abound Advisors operates from Boerne, Texas, and Redlands, California. The firm is led by industry veteran Chris Palmer, who brings more than 27 years of wealth management experience.

Decade Raises Record $85 Million Seed Round To Build AI Wealth Advisory Platform

By Amit Chowdhry ● Aug 4, 2026

Decade has emerged from stealth with $85 million in seed funding to develop an AI-native wealth advisory business in Brazil. The round was backed by Greenoaks, Benchmark and Diffusion. Decade described the financing as the largest seed round raised by a Latin American startup.

Cetera: iTP Partners Joins With $3.5 Billion In AUA And Launches Independent RIA

By Amit Chowdhry ● Aug 4, 2026

iTP Partners has joined Cetera Financial Group and launched a new independent registered investment adviser called Blue Horizon Equity.

Bluerock Expands Wealth Distribution Team With Three Senior Regional Vice Presidents

By Amit Chowdhry ● Aug 4, 2026

Bluerock has expanded its wealth distribution team with the appointment of Mick McClendon, Jeff Spah and Jeff Waszak as Senior Regional Vice Presidents at Bluerock Capital Markets.