Asset Management

Carson Group Onboards $1.76 Billion Firm Doyle And Loughman Wealth Management

By Amit Chowdhry ● Jul 29, 2026

Carson Group has partnered with Doyle and Loughman Wealth Management, a New Hampshire-based advisory firm serving approximately $1.76 billion in advisory and brokerage assets.

FMG Suite Launches Institutional Intelligence To Help Financial Advisors Turn Expertise Into Growth

By Amit Chowdhry ● Jul 29, 2026

FMG Suite has launched Institutional Intelligence, a program that embeds specialized wealth management content, research and interactive tools directly into the marketing and client engagement workflows used by financial advisors. The platform is intended to help advisors transform expertise in areas such as estate planning, taxes, and philanthropy into compliant campaigns that attract prospects and deepen existing client relationships.

Merit Financial Advisors Acquires $502.5 Million Firm Towson Wealth Management

By Amit Chowdhry ● Jul 29, 2026

Merit Financial Advisors has acquired Towson Wealth Management, a Maryland-based advisory firm overseeing approximately $502.5 million in total client assets. The transaction expands Merit's presence in the Mid-Atlantic and adds a multigenerational team serving approximately 350 client households.

Waverly Advisors Acquires $332 Million Firm InVista Advisors

By Amit Chowdhry ● Jul 29, 2026

Waverly Advisors has acquired InVista Advisors, a Montgomery, Alabama-based wealth management firm with approximately $332 million in assets under management. The transaction expands Waverly's presence to five Alabama locations and represents its 35th acquisition since receiving an equity investment from Wealth Partners Capital Group and HGGC's Aspire Holdings platform in December 2021.

Conquest Integrates Lydia To Combine Financial Planning AI With Behavioral Coaching

By Amit Chowdhry ● Jul 29, 2026

Conquest Planning has integrated Shaping Wealth's Lydia behavioral intelligence agent into its financial planning platform, combining analytical recommendations with communication coaching intended to help advisors deliver more personalized and effective advice.

LPL Financial Launches Latitude To Unify AI, Cybersecurity And Advisor Technology

By Amit Chowdhry ● Jul 29, 2026

LPL Financial has launched LPL Latitude, a unified technology experience that connects the firm's data architecture, cybersecurity systems, infrastructure, artificial intelligence, advisor workflows, and end-investor applications. The initiative is designed to provide a common technology foundation across LPL's wealth management platform while enabling the company to introduce new capabilities more quickly and consistently.

LPL Welcomes $150 Million Firm Sunny Day Financial

By Amit Chowdhry ● Jul 29, 2026

LPL Financial has added financial advisor Dawn Parks and her practice, Sunny Day Financial, to its broker-dealer and Registered Investment Advisor platforms. Parks reported serving approximately $150 million in advisory, brokerage, and retirement plan assets. She joins LPL from Cetera Wealth Services.

Corient To Acquire $4.9 Billion Firm Seven Bridges Advisors

By Amit Chowdhry ● Jul 28, 2026

Corient has agreed to acquire Seven Bridges Advisors, a New York-based registered investment advisor and multi-family office overseeing approximately $4.9 billion in client assets. The deal will expand Corient's presence in New York and add a team specializing in comprehensive wealth management and private markets investing for entrepreneurs, founders, financial services executives and ultra-high-net-worth families.

Barclays Q2 Profit Rises 31% To £3.25 Billion As Bank Raises 2026 Income Target

By Amit Chowdhry ● Jul 28, 2026

Barclays reported second-quarter 2026 income of £8.34 billion, representing an increase of 16% from £7.19 billion in the prior-year period.

Edwards Asset Management Welcomes Shoaf Wealth

By Amit Chowdhry ● Jul 28, 2026

Edwards Asset Management announced the successful transition of Shoaf Wealth Management to Edwards Asset Management, bringing together two wealth management practices built around a shared philosophy of personalized advice, long-term relationships, and disciplined stewardship of client wealth. Financial terms of the transition were not disclosed.

Civic Financial Selects Altruist As Exclusive Custodian And Wealth Management Platform

By Amit Chowdhry ● Jul 28, 2026

Altruist announced that Boston-based Civic Financial will transition its entire custodial and wealth management technology stack to the firm, consolidating its custody and technology on Altruist's platform. Civic Financial had amassed approximately $1 billion in client assets before making the move, sustaining more than 40 percent annual organic growth.

UBS Hires $1.3 Billion Financial Advisor Team Of Four In Tampa, FL

By Amit Chowdhry ● Jul 27, 2026

UBS announced that Private Wealth Advisors Jesse Flatt, Lea Ann Drew, Brandon Burns, and Carlos Rodriguez will join the firm in Tampa, Florida, from Bank of America Private Bank. The team oversees approximately $1.3 billion in client assets, serving ultra-high net worth families and business owners.

T. Rowe Price And Goldman Sachs Launch New Private Markets Fund

By Amit Chowdhry ● Jul 27, 2026

T. Rowe Price and Goldman Sachs Asset Management announced the launch of the T. Rowe Price Goldman Sachs Private Markets Fund, a new interval fund offering individual investors access to institutional-quality private market opportunities within a single professionally managed portfolio.

Cetera Names Craig Bartlett Community Leader Of Cetera Financial Specialists

By Amit Chowdhry ● Jul 27, 2026

Cetera announced that Craig Bartlett, CFP, has been named Community Leader of Cetera Financial Specialists, a community of tax-focused financial professionals within Cetera's Tax & Accounting channel.

HSBC To Establish Global AI Centre Of Excellence In Singapore

By Amit Chowdhry ● Jul 27, 2026

HSBC announced it is launching a Global AI Centre of Excellence in Singapore in the second half of 2026, aimed at developing artificial intelligence capabilities that can be scaled across the bank's global network. The centre will initially focus on enhancing customer wealth journey conversations, introducing agentic treasury solutions, and developing AI-enabled digital payments.

LPL Financial Welcomes $340 Million Firm Williams Tax & Financial Services

By Amit Chowdhry ● Jul 27, 2026

LPL Financial announced that the advisors of Williams Tax & Financial Services have joined its broker-dealer and Registered Investment Advisor platform, moving from Cetera. The team reported serving approximately $340 million in advisory, brokerage, and retirement plan assets.

Vanguard: Kenneth Jacobs Elected As Chairman Of Board Of Directors

By Amit Chowdhry ● Jul 27, 2026

Vanguard announced that Mark Loughridge will retire from its board of directors and the board of trustees for each Vanguard fund effective December 31, 2026. Kenneth Jacobs has been elected by the boards to succeed Loughridge as nonexecutive Chairman, while John Murphy has been elected to serve as Lead Independent Director.

Arax To Acquire $3 Billion RIA Transcend Capital Advisors

By Amit Chowdhry ● Jul 25, 2026

Arax Advisory Partners announced it has signed a definitive agreement to acquire Transcend Capital Advisors, a multi-state registered investment advisor providing wealth management and investment advisory services to high-net-worth individuals and families. With more than $3 billion in assets under management as of June 30, 2026, Transcend will be the seventh firm to join Arax in 2026. The transaction is expected to close in the third quarter.

Blackstone’s AUM Reaches Record $1.35 Trillion In Second Quarter 2026

By Amit Chowdhry ● Jul 25, 2026

Blackstone reported second quarter 2026 results, with total assets under management increasing 11 percent year over year to $1,346.3 billion, driven by $68.3 billion of inflows during the quarter and $262.5 billion over the trailing twelve months. Fee-earning assets under management rose 8 percent to $961.6 billion, while perpetual capital assets under management reached $555.6 billion, up 15 percent year over year and now representing roughly 41 percent of total assets under management.

RISR And Osaic Expand Relationship Amid Growing Demand For Business Owner Planning

By Amit Chowdhry ● Jul 24, 2026

RISR, a business owner engagement platform for financial advisors, announced an expanded relationship with Osaic, Inc., building on a collaboration that began in 2025. The expanded capabilities give Osaic's more than 10,000 financial professionals access to specialized technology for business valuation, succession planning, exit strategies, and business risk management, allowing advisors to connect a client's business wealth to their broader personal financial goals.

CW Advisors Partners With WNBA Star Tina Charles On Purpose-Driven Wealth Planning

By Amit Chowdhry ● Jul 24, 2026

CW Advisors announced a new partnership with WNBA legend, entrepreneur, and philanthropist Tina Charles, aimed at helping clients align their wealth with the lives, businesses, and legacies they are building. The firm also named Charles' nonprofit, Hopey's Heart Foundation, as its 2026 philanthropic partner and committed $20,000 to support the organization's mission.

Voya Extends Nearly 50-Year Partnership As Retirement Plan Provider With The City And County Of Honolulu

By Amit Chowdhry ● Jul 24, 2026

Voya Financial announced it has been selected to continue serving as the retirement plan provider for the City and County of Honolulu's Deferred Compensation Plan, extending a relationship that began in 1979 through a new five-year contract. The renewal followed a competitive Request for Proposal process in which Wealthspire Retirement Advisory served as the City and County's independent retirement plan advisor.

UBS Opens 26,000-Square-Foot Wealth Advice Center Hub In Dallas

By Amit Chowdhry ● Jul 23, 2026

UBS Wealth Management US has opened a new Wealth Advice Center hub at 23Springs in Uptown Dallas, expanding its national platform for affluent and high-net-worth clients. The 26,000-square-foot office can accommodate more than 170 financial advisors, executives and support professionals. UBS plans to recruit experienced advisors and participants in its Financial Advisor Development Program during the next year.

Citi Wealth Partners With Palantir To Provide Employees With Customized Financial Wellness Services

By Amit Chowdhry ● Jul 23, 2026

Citi Wealth has formed a strategic partnership with Palantir Technologies to provide eligible Palantir employees with customized wealth management guidance and workplace financial services.

NewEdge Expands Envestnet Partnership To Add $800 Million Structured Note Strategies To Unified Managed Accounts

By Amit Chowdhry ● Jul 23, 2026

NewEdge Capital Group has expanded its partnership with Envestnet to make NewEdge Investment Solutions' structured note strategies available through unified managed accounts.

Chime Launches Commission-Free Investing And Managed Portfolios With No Account Minimums

By Amit Chowdhry ● Jul 23, 2026

Chime has launched Chime Invest, an investment platform that allows members to buy U.S. stocks and exchange-traded funds or use professionally managed portfolios directly through the Chime app.

Macquarie Group Names Greg Ward CEO As Shemara Wikramanayake Retires In November 2026

By Amit Chowdhry ● Jul 23, 2026

Macquarie Group has appointed Greg Ward to become Managing Director and Chief Executive Officer following the retirement of Shemara Wikramanayake, subject to receiving the necessary approvals.

Fidelis Capital Appoints Herb Achey Partner As Firm Approaches $3 Billion In AUM

By Amit Chowdhry ● Jul 23, 2026

Fidelis Capital has appointed veteran equity strategist Herb Achey as a Partner, adding more than 45 years of experience serving ultra-high-net-worth families and institutions. Achey joins the advisor-owned wealth management firm after spending 30 years with U.S. Trust and Bank of America Private Bank. He most recently served as an Investment Strategist and supervised more than $2 billion in client assets.

Mission Bancorp Surpasses $2 Billion In Assets As Second-Quarter Earnings Rise 162%

By Amit Chowdhry ● Jul 22, 2026

Mission Bancorp reported second-quarter 2026 net income available to common shareholders of $8.2 million, or $2.73 per diluted share. This compared with $3.1 million, or $1.05 per diluted share, during the same quarter last year and $7.7 million, or $2.58 per diluted share, in the first quarter of 2026.

Littlejohn Promotes Brian Michaud To Managing Partner As Michael Klein Becomes Chairman

By Amit Chowdhry ● Jul 22, 2026

Littlejohn has promoted Brian Michaud to Managing Partner as part of a planned transition in the private investment firm’s senior leadership. Michaud will oversee the firm alongside Managing Partners Antonio Miranda and Steven Raich and Chief Operating Officer Shant Mardirossian.