Asset Management

Goldman Sachs Asset Management: $40 Billion OCIO Mandate From Shell Pension Funds Secured

By Amit Chowdhry ● Sep 9, 2025

Goldman Sachs Asset Management has been selected by multiple pension entities and a captive insurance company affiliated with Shell Plc and its subsidiaries to manage a $40 billion mandate covering international pension plan assets across Europe, along with advisory services for North American pension plans. This appointment marks one of the largest multi-national Outsourced Chief Investment Officer (OCIO) mandates in Goldman Sachs’ history and follows a competitive selection process overseen by consultancy firm Isio.

New England Private Wealth Advisors Onboarding $1.6 Billion Firm DHK

By Amit Chowdhry ● Sep 9, 2025

New England Private Wealth Advisors (NEPWA), a Boston-based registered investment advisor serving high-net-worth families and institutions, has announced the acquisition of DHK Financial Advisors, a well-established RIA headquartered in Portsmouth, New Hampshire. As of June 30, 2025, DHK managed $1.6 billion in assets, and the combined firm will now oversee nearly $5 billion in total assets under management.

Savant Wealth Onboarding $1.2 Billion Firm PrairieView Partners

By Amit Chowdhry ● Sep 8, 2025

Savant Wealth Management, a nationally recognized fee-only registered investment adviser, has announced the acquisition of PrairieView Partners, a respected RIA based in St. Paul, Minnesota. With more than $1.2 billion in assets under management, PrairieView brings a strong legacy of comprehensive wealth planning services to Savant’s growing national platform.

Cerity And Graypoint Merging To Expand Wealth And Institutional Advisory Services

By Amit Chowdhry ● Sep 8, 2025

Independent wealth management firm Cerity Partners announced its intention to merge with Graypoint, a well-established financial advisory firm based in Albany, New York. This strategic merger marks a significant expansion of Cerity Partners’ footprint in the Capital Region. It reflects the firm’s ongoing commitment to deepening its presence in key markets across the country. Once the transaction is finalized, Graypoint will operate under the Cerity Partners brand, and its President and CEO, Daniel Nolan, will assume a new leadership role as Partner and Vice Chairman of Cerity Partners.

Rithm Capital To Buy $17 Billion AUM Crestline

By Amit Chowdhry ● Sep 8, 2025

Rithm Capital, a global alternative asset manager known for its expansive reach across credit, real estate, and structured finance, has announced a definitive agreement to acquire Crestline Management, L.P., a respected alternative investment firm with approximately $17 billion in assets under management.

Modern Wealth Expanding National Reach With Acquisition Of $1.1 Billion Firm PSF/Galloway

By Amit Chowdhry ● Sep 7, 2025

Modern Wealth Management has announced the acquisition of Public Safety Financial/Galloway (PSF/Galloway), a Mesa, Arizona-based RIA managing $1.1 billion in assets. This deal not only expands Modern Wealth’s footprint into the Southwest but also marks the formal launch of Public Safety Financial, a new division dedicated to serving the unique financial needs of police officers, firefighters, government employees, military veterans, and their families.

Corient Acquires $3.5 Billion Firm Breed’s Hill Capital, Expanding Services For Ultra-High-Net-Worth Families

By Amit Chowdhry ● Sep 7, 2025

Wealth management firm Corient announced the acquisition of Breed’s Hill Capital, a Boston-based multi-family office known for its high-touch advisory services and deep expertise in serving ultra-high-net-worth families. With about $3.5 billion in assets under management, Breed’s Hill Capital brings a seasoned team and a legacy of personalized financial planning to Corient’s expanding national platform.

Cerity Partners To Merge With Graypoint For Expanding Wealth And Advisory Services

By Amit Chowdhry ● Sep 5, 2025

Cerity Partners, one of the nation’s leading independent wealth management firms, has announced its intention to merge with Graypoint, a respected financial advisory firm based in Albany, New York. This strategic move marks a significant expansion of Cerity Partners’ footprint in the Capital Region, reflecting the firm’s ongoing commitment to deepening its presence in key markets across the country.

Citi And BlackRock Sign $80 Billion Strategic Partnership To Transform Global Wealth Management

By Amit Chowdhry ● Sep 5, 2025

Citi Wealth has announced a major strategic partnership with BlackRock that will reshape how investment services are delivered to its global client base. The collaboration, which centers around the launch of Citi Portfolio Solutions powered by BlackRock, represents a significant evolution in Citi’s wealth management offering. It brings together Citi’s deep expertise in financial planning and advisory services with BlackRock’s global leadership in investment management and technology.

Hightower Advisors: Randy Bullard Appointed To Lead Investment Management

By Amit Chowdhry ● Sep 4, 2025

Hightower Advisors has announced the appointment of Randy Bullard as Head of Investment Management. This newly created role reflects Hightower’s commitment to enhancing its investment capabilities and delivering more scalable solutions to its growing network of advisors and clients. Bullard, a seasoned executive with deep experience in wealth management, most recently served as Global Head of Wealth at State Street, where he played a pivotal role in shaping investment platforms for some of the world’s largest financial institutions.

Goldman Sachs Investing Up To $1 Billion In T. Rowe Price

By Amit Chowdhry ● Sep 4, 2025

Goldman Sachs and T. Rowe Price have announced a new partnership aimed at combining their strengths to offer a broader range of investment solutions. This collaboration is designed to cater specifically to the evolving needs of individuals planning for retirement and those managing wealth.