Asset Management

Avidian Wealth Solutions Acquires Ridgeback Capital Management

By Amit Chowdhry ● Jul 22, 2026

Avidian Wealth Solutions has acquired Ridgeback Capital Management, expanding the independent wealth management firm’s presence in the Houston area. Financial terms of the transaction were not disclosed.

Envestnet Launches Wealth Trading To Unify Portfolio Management And Trade Execution

By Amit Chowdhry ● Jul 22, 2026

Envestnet has launched Wealth Trading, a redesigned platform that unifies portfolio management, trade creation, order review, execution and auditing within a single workflow.

Cresset Adds $1.1 Billion Advisory Team To New York And Los Angeles Offices

By Amit Chowdhry ● Jul 21, 2026

Cresset has hired wealth advisors Chris Tiano and Nick Smith as Managing Directors. The executives previously served as Directors at Lazard Wealth, where they oversaw approximately $1.1 billion in assets under advisement.

Fidelity Expands Institutional SMA Lineup With Eight New Strategies

By Amit Chowdhry ● Jul 21, 2026

Fidelity Investments has expanded its institutional separately managed account lineup with six custom strategies and two model offerings for registered investment advisors and broker-dealers. The new products combine Fidelity’s active management and quantitative research capabilities with portfolio personalization and tax-management features.

Orion Surpasses $6.6 Trillion In Assets Under Administration And Expands Denali AI Ecosystem

By Amit Chowdhry ● Jul 21, 2026

Orion has surpassed $6.6 trillion in assets under administration, representing a 29% increase from the $5 trillion milestone it reached one year ago. The wealth technology company also supports more than 8.6 million technology accounts.

RBC Wealth Management Adds $1.6 Billion Firm KPM Wealth Advisory Group

By Amit Chowdhry ● Jul 20, 2026

RBC Wealth Management has added the KPM Wealth Advisory Group to its Dallas office. The team manages approximately $1.6 billion in assets.

Carson Group Launches Equity Program For Advisors And Team Members

By Amit Chowdhry ● Jul 20, 2026

Carson Group has launched an equity program that gives high-growth W-2 advisors and selected team members a path to ownership in the wealth management firm. The initiative is intended to reward employees who contribute to Carson’s growth, client relationships and long-term business development.

UBS Adds Financial Advisor Samuel Duckett To Austin Wealth Management Team

By Amit Chowdhry ● Jul 17, 2026

UBS has appointed Samuel Duckett as a financial advisor in its Austin, Texas, office, strengthening the firm’s presence in one of the country’s fastest-growing wealth management markets.

Wells Fargo Launches AI Teammate Across $2.4 Trillion Wealth Management Business

By Amit Chowdhry ● Jul 17, 2026

Wells Fargo has launched AI Teammate, an artificial intelligence-powered capability designed to help financial advisors and their support teams find information, navigate workflows and complete everyday tasks more efficiently.

Farther Brings In $225+ Million Advisor Casey Bear

By Amit Chowdhry ● Jul 17, 2026

Farther announced that Casey Bear has joined the firm as a Principal Wealth Advisor. Overseeing more than $225 million in client assets, Bear has built a highly specialized practice serving approximately 40 high-net-worth families.

Indivisible Partners Onboards $800 Million Firm FMB Wealth Management

By Amit Chowdhry ● Jul 17, 2026

FMB Wealth Management has joined Indivisible Partners, giving the California-based wealth advisory firm access to additional operational, investment, planning and growth resources while preserving its existing client relationships and culture.

JPMorgan In Talks With More Than 100 Multinationals About GIFT City Treasury Operations

By Amit Chowdhry ● Jul 17, 2026

More than 100 companies have approached JPMorgan Chase to explore banking and payment services for corporate treasury operations in India’s Gujarat International Finance Tec-City, reflecting growing multinational interest in the country’s international financial hub, according to Bloomberg. The discussions involve potential activity over the next 12 to 18 months. Companies considering operations at GIFT City include multinational corporations, insurance companies, and financial technology businesses seeking more efficient ways to manage liquidity, borrowing, and cross-border payments.

Choreo Acquires $700 Million Firm Resource Financial Group Assets

By Amit Chowdhry ● Jul 17, 2026

Choreo announced it has acquired all the assets of Resource Financial Group, a Wilmette, Illinois-based registered investment adviser with approximately $700 million in assets under management as of April 30, 2026. RFG is led by wealth managers Peter M. Maris, Founding Partner, and Brian Pugal, Partner, and is supported by a six-person client service team led by Alexandra Moise, working primarily with closely held business owners and families on business transitions, liquidity events, and retirement planning.

Wafra Deepens Strategic Partnership With Ardian

By Amit Chowdhry ● Jul 17, 2026

Wafra, a leading New York-based alternative investment firm, announced it is increasing its shareholding in Ardian, a world-leading private investment firm with $200 billion of assets under management. This commitment builds on Wafra's initial strategic investment from November 2025 and is subject to customary closing conditions and regulatory approvals, with the transaction expected to close between late 2026 and early 2027.

OneDigital Adds Rosenthal Wealth Management Group, Pushing Assets Under Advisement Past $155 Billion

By Amit Chowdhry ● Jul 16, 2026

OneDigital Investment Advisors has added Rosenthal Wealth Management Group to its national platform, bringing on a 31-year-old Mid-Atlantic firm managing approximately $1.8 billion in assets. The deal marks the 23rd wealth management firm to join OneDigital in five years and pushes the Atlanta-based company's total assets under advisement to more than $155 billion as of March 31, 2026.

Eton Advisors Appoints Molly Baumberger As Senior Wealth Manager In Miami

By Amit Chowdhry ● Jul 16, 2026

Eton Advisors, an award-winning multi-family office headquartered in Chapel Hill, North Carolina, has appointed Molly Baumberger, CFP, as Senior Wealth Manager and member of its leadership team. She is based in Miami, Florida.

Wealth Enhancement Acquires $299 Million Firm Trippon Wealth Management Group And Associated CPA Company In Houston

By Amit Chowdhry ● Jul 16, 2026

Wealth Enhancement, a national independent wealth management firm with more than 188 offices and $158.5 billion in total client assets following the transaction, has acquired Trippon Wealth Management Group and its affiliated tax practice, J.M. Trippon & Company PC CPAs, both based in Houston, Texas. The acquisition closed July 15, 2026. Trippon Wealth Management was advised by Williams Private Wealth Advisory and Consulting.

Ameriprise Onboards $470 Million Firm Sher Jeshiva Group

By Amit Chowdhry ● Jul 16, 2026

Sher Jeshiva Group, a financial advisory team managing $470 million in client assets, has joined Ameriprise Financial (NYSE: AMP) from Wells Fargo Clearing Services. The practice is based in Melville, New York and Naples, Florida, and is led by financial advisors Glen Sher and Michael Jeshiva, joined by financial advisor Philip Basile and registered client service associate Kathryn Acer-Richard. The team will operate within Ameriprise's branch channel, supported locally by Branch Manager Aaron Wolson, Complex Director Kevin Peters, and Regional Vice President Todd Hubley.

LPL Financial Onboards $725 Million FA Alan Feutz

By Amit Chowdhry ● Jul 16, 2026

LPL Financial has welcomed financial advisor Alan Feutz, CFP, to its broker-dealer and Registered Investment Advisor platforms through Genesis Wealth, an LPL-aligned wealth management firm. Feutz reported serving approximately $725 million in advisory, brokerage and retirement plan assets. He joins Genesis Wealth and LPL from J.P. Morgan.

Modera Wealth Management Appoints Gaurav Mallik As CIO And Shelly Kapoor As COO

By Amit Chowdhry ● Jul 16, 2026

Modera Wealth Management has appointed Gaurav Mallik as chief investment officer and Shelly Kapoor as chief operating officer, adding two experienced wealth management executives as the registered investment adviser expands its investment capabilities, technology platform and operational infrastructure.

Sanctuary Wealth Adds $5.9 Billion In First Half Of 2026, Lifting Total Client Assets To $65.7 Billion

By Amit Chowdhry ● Jul 16, 2026

Sanctuary Wealth, a Miami-based hybrid registered investment adviser focused on wirehouse breakaway advisors and independent wealth management firms, added more than $5.9 billion in total client assets during the first half of 2026 as elite advisor teams affiliated with its platform. The strong first half pushed Sanctuary's trailing 12-month recruited assets to $12.7 billion, a record for the firm. Total client assets now stand at $65.7 billion, up from $27.8 billion in 2023 — an increase of more than 135% in roughly three years. The number of Partner Firms on the platform has grown from 68 to 125 over the same period.

Morgan Stanley Adds Record $148 Billion In Wealth Management Net New Assets, With More Than Half Tied To IPOs

By Amit Chowdhry ● Jul 15, 2026

Morgan Stanley added a record $148.1 billion in net new assets to its Wealth Management business during the second quarter of 2026, with slightly more than half of the inflows connected to initial public offerings involving clients in its Workplace channel.

JPMorgan Chase Posts Record $21.2 Billion Quarterly Profit As Stock Trading Revenue Hits $6 Billion

By Amit Chowdhry ● Jul 15, 2026

JPMorgan Chase reported a record $21.2 billion quarterly profit as elevated market activity, stronger investment-banking revenue and an 86% surge in equities trading helped the largest U.S. bank deliver record revenue across each of its major business segments. The bank reported diluted earnings of $7.70 per share in the second quarter of 2026, up from $5.24 per share in the same period last year. Net income increased 41% from $15 billion.

LPL Financial Welcomes $370 Million Firm Buell Wealth Management

By Amit Chowdhry ● Jul 15, 2026

LPL Financial announced that the financial advisors of Buell Wealth Management have joined its broker-dealer and Registered Investment Advisor platform. The team reported serving approximately $370 million in advisory, brokerage, and retirement plan assets and joins from Buell Securities Corporation.

HB Wealth Launches Dedicated Institutional Advisory And OCIO Practice And Hires Two Senior Advisors

By Amit Chowdhry ● Jul 15, 2026

HB Wealth, an Atlanta-based independent fee-only registered investment adviser managing more than $32 billion in assets, has launched a dedicated Institutional Advisory and Outsourced Chief Investment Officer (OCIO) practice. The new business segment formalizes and expands the firm's longstanding service relationships with nonprofit organizations, foundations, endowments, and corporate clients into a purpose-built advisory offering with dedicated personnel and infrastructure.

Wealth Enhancement Acquires WealthShield Partners And Madison Oaks Wealth Partners With Over $993 Million in Client Assets

By Amit Chowdhry ● Jul 15, 2026

Wealth Enhancement, a national independent wealth management firm, announced it has acquired the investment advisory business of Raleigh-area WealthShield Partners, led by Managing Partner Robert Leggett, and its affiliated wealth management practice, Madison Oaks Wealth Partners, led by Managing Partner Scott Lord and partners Kenny Bollinger, Stuart Gay, and John Maher. Madison Oaks Wealth Partners operated as a DBA of WealthShield Partners. Together, the organizations managed more than $993 million in client assets and have joined Wealth Enhancement as the Emerald Team and Madison Oaks Team.

IFG’s Expanded Recruiting Platform Sees Momentum With New Advisor Offices Representing Over $1 Billion in Assets

By Amit Chowdhry ● Jul 15, 2026

Independent Financial Group (IFG), a privately held independent wealth management provider supporting more than 600 financial professionals across more than 400 locations nationwide, announced that its strategic investment in expanding its national recruiting and transition platform is delivering results, with the addition of multiple established advisor offices representing over $1 billion in total client assets.

Cresset Names Dheeraj Soni As Chief Technology Officer

By Amit Chowdhry ● Jul 15, 2026

Cresset has named Dheeraj Soni as its Chief Technology Officer, placing the financial services technology veteran in charge of the wealth management firm’s technology organization, infrastructure, trading platform, and cybersecurity strategy.

LPL Welcomes $2.4 Billion Firm HighWater Wealth To Quotient Advisor Partners Platform

By Amit Chowdhry ● Jul 14, 2026

HighWater Wealth, a San Diego-based wealth management team serving high-net-worth individuals and families with approximately $2.4 billion in advisory assets, has joined LPL Financial's broker-dealer and registered investment adviser platform, aligning with Quotient Advisor Partners, an existing firm supporting LPL-affiliated advisors. The team moves from U.S. Bank and consists of Kristian Forster, Mike Rookus, Falko Hörnicke, Tim Davidson and Brian Rissman.

Caprock Acquires $4 Billion Firm Venturi Private Wealth To Expand Ultra-High-Net-Worth Family Office Platform In Texas And Oklahoma

By Amit Chowdhry ● Jul 14, 2026

Caprock, a Boise, Idaho–based multi-family office registered investment adviser serving ultra-high-net-worth clients, has announced the acquisition of Venturi Private Wealth, an Austin-based independent wealth management firm with approximately $4 billion in assets under management. The transaction brings approximately 30 employees to Caprock, including 10 advisors, and expands the firm's footprint in Austin and Oklahoma City, where Venturi has an established presence. Terms were not disclosed.