Asset Management

AlphaCore Onboards $1.5 Billion Firm SPC Financial Team To Expand East Coast Reach

By Amit Chowdhry ● Oct 27, 2025

Independent registered investment advisory firm AlphaCore Wealth Advisory announced it is acquiring SPC Financial, a Rockville, Maryland-based wealth-advisory and tax-services firm. The deal brings approximately $1.5 billion in client assets and expands AlphaCore’s team by nearly 40 professionals, including advisors and tax specialists.

Dynasty Financial And Diamond Consultants Launch Breakaway Investment Banking Initiative For Advisory Teams

By Amit Chowdhry ● Oct 27, 2025

Dynasty Financial Partners, a company focused on the independent wealth-management movement, and Diamond Consultants, a well-known financial-advisor recruiting, consulting, and executive-search firm, unveiled the Breakaway Investment Banking Initiative recently. This new offering targets advisor teams with over US$1 billion in assets who are evaluating whether to transition to a W-2 model firm, launch an independent enterprise, merge with or sell to an existing registered investment advisor, or raise growth capital.

Kestra Onboards $866 Million Firm Ascend Private Wealth Partners

By Amit Chowdhry ● Oct 27, 2025

Kestra Private Wealth Services (Kestra PWS), a registered investment adviser arm of Kestra Financial, announced that $866 million firm Ascend Private Wealth Partners (Ascend) has formally joined its platform. Ascend, led by financial advisors David Barnett, CFP, and Ashley Ament, is based in Scottsdale, Arizona, and focuses on delivering personalized financial strategies spanning investment management to tax planning.

VestGen Launches Retirement Services Division, Expanding National Platform For Supporting Plan Sponsors

By Amit Chowdhry ● Oct 24, 2025

VestGen Wealth Partners, a national wealth management firm focused on advisor succession and client continuity, has announced the launch of VestGen Retirement Services, a new division aimed at redefining how retirement plan sponsors manage fiduciary oversight, participant engagement, and long-term wealth outcomes.

J.P. Morgan Asset Management And Clearwater Analytics Launch Automated Cash Management Platform For Hedge Funds

By Amit Chowdhry ● Oct 24, 2025

Clearwater Analytics, a leader in investment management technology, and J.P. Morgan Asset Management have announced a new integration designed to transform how hedge funds manage idle cash. The collaboration connects Enfusion by CWAN directly to Morgan Money, J.P. Morgan Asset Management’s short-term investment and liquidity platform, giving hedge funds a fully automated solution for optimizing yield, diversification, and liquidity oversight.

Goldman Sachs Expanding In Middle East With Launch Of Onshore Private Wealth Management In Riyadh

By Amit Chowdhry ● Oct 23, 2025

Goldman Sachs has announced the launch of its onshore Private Wealth Management (PWM) business in Riyadh, Saudi Arabia, marking a significant milestone in the firm’s continued growth across the Middle East. This expansion represents the first stage of Goldman Sachs’ onshore wealth management offering in the Kingdom, complementing its established regional operations and longstanding commitment to serving Middle Eastern clients.

PAI Partners Enters Talks To Buy Majority Stake In Cyrus Group

By Amit Chowdhry ● Oct 23, 2025

PAI Partners, a global private equity firm with over €28 billion in assets under management, announced that it has entered into exclusive negotiations to acquire a majority stake in Cyrus Group, one of France’s leading independent wealth management firms.

Dawson Partners Closes Fifth GP-Led Collateralized Fund Obligation At $1.2 Billion

By Amit Chowdhry ● Oct 23, 2025

Dawson Partners, a leading global alternative asset manager, announced the successful closing of Dawson Logan 5, a $1.2 billion GP-Led Collateralized Fund Obligation (CFO) offering that surpassed its initial target of $750 million.

Bluespring Wealth Expanding Leadership And Business Development Teams With Key Executive Appointments

By Amit Chowdhry ● Oct 22, 2025

Bluespring Wealth Partners, a leading acquirer and partner to independent registered investment advisers (RIAs) and hybrid wealth management firms, announced a series of strategic leadership appointments designed to accelerate its national growth and enhance advisor support. The firm has added three seasoned executives to its leadership team and two new directors to its business development organization, reinforcing its commitment to innovation, integration, and client experience.

KittyHawk Buying Exit Ventures And Appoints Paul Burgon As Partner

By Amit Chowdhry ● Oct 21, 2025

KittyHawk, a Los Angeles-based technology investment firm focused on innovative companies from seed stage through pre-IPO, has announced its acquisition of Exit Ventures, an early-stage venture capital firm specializing in energy, AI infrastructure, and sustainable materials. As part of the deal, Exit Ventures founder Paul Burgon will join KittyHawk as a Partner, where he will lead the firm’s growing portfolio in energy and climate investments.

Mercer Advisors: Kate Shackleton Appointed As Executive Managing Director, New Partner Success

By Amit Chowdhry ● Oct 18, 2025

Mercer Global Advisors, one of the nation’s largest Registered Investment Advisers (RIA) with $86 billion in client assets, announced the appointment of Katelyn (Kate) Shackleton as Executive Managing Director, New Partner Success. In this newly created role, Shackleton will lead the integration and growth of newly acquired partner firms, reinforcing Mercer Advisors’ commitment to the success of its expanding network amid a record year for acquisitions. The firm’s Partner Integration team, led by Rick Weyers, Vice President, Partner Integration, will report to Shackleton.

Raymond James Buys Majority Stake In GreensLedge

By Amit Chowdhry ● Oct 18, 2025

Raymond James announced that it will acquire a majority stake in GreensLedge Holdings LLC, a boutique investment bank recognized for its leadership in structured credit and securitization. Founded in 2008, GreensLedge has built a strong reputation for combining strategic advisory services with expertise in collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), rated feeders, collateralized fund obligations (CFOs), asset-backed securities (ABS), and debt offerings.

Beacon Pointe Expands In Boston With Acquisition Of $944 Million AUM Firm Sensible Financial

By Amit Chowdhry ● Oct 18, 2025

Beacon Pointe Advisors, one of the nation’s largest registered investment advisers (RIAs), has strengthened its East Coast presence with the acquisition of Sensible Financial Planning, a fiduciary wealth management firm headquartered in Waltham, Massachusetts. The deal adds approximately $944 million in assets under management (AUM) to Beacon Pointe’s platform, bringing the firm’s total assets under advisement (AUA) to roughly $54 billion.

Beacon Pointe Expanding Into D.C. With Acquisition Of $857 Million AUM Company The Family Firm

By Amit Chowdhry ● Oct 17, 2025

Beacon Pointe Advisors has announced the acquisition of The Family Firm, a Bethesda-based registered investment adviser (RIA) managing $857 million in assets, marking a significant milestone in Beacon Pointe’s continued national expansion.

BIP Wealth Expanding In Atlanta With Acquisition Of $900+ Million AUM Firm Prehmus Financial

By Amit Chowdhry ● Oct 17, 2025

BIP Wealth, one of the Southeast’s leading registered investment advisory firms, has announced the acquisition of Prehmus Financial Partners, a well-established wealth management firm overseeing more than $900 million in assets under management (AUM). The blended cash and equity transaction expands BIP Wealth’s total AUM to over $5 billion, marking a significant milestone in the firm’s continued growth strategy across Metro Atlanta and the broader Southeast region.

Cetera Onboards $1.1 Billion Firm King Financial Network

By Amit Chowdhry ● Oct 17, 2025

Cetera Financial Group, one of the nation’s leading wealth management firms, announced that King Financial Network (KFN), a Manalapan, New Jersey-based multifamily office managing more than $1.1 billion in assets under administration, has joined Summit Financial Networks, one of Cetera’s communities within the Cetera Advisor channel.

Merit Financial: $476 Million Team Obsidian Planning Solutions Onboarded

By Amit Chowdhry ● Oct 16, 2025

Merit Financial Advisors, a Georgia-based wealth management firm specializing in financial planning for high-net-worth individuals and families, announced its acquisition of Obsidian Planning Solutions, a Maryland-based firm known for its expertise in business succession planning. The deal represents Merit’s 50th acquisition and its first entry into the Maryland market, adding $476 million in assets and two new offices in Rockville and Columbia.

Derby Lane Partners Launches With Up To $1.8 Billion In Committed Capital

By Amit Chowdhry ● Oct 16, 2025

Derby Lane Partners, a newly formed alternative investment management firm, has officially launched with up to $1.8 billion in committed capital from a group of strategic anchor partners. Founded by Adam Piekarski, the former Co-Head of Real Estate Credit at BDT & MSD Partners, the firm will focus on delivering flexible capital solutions across asset classes, beginning with opportunities in North American commercial real estate credit.

Rockefeller Capital: $6.6 Billion Valuation Secured In Recapitalization With New Investor Group

By Amit Chowdhry ● Oct 16, 2025

Rockefeller Capital Management announced a major recapitalization that values the firm at more than $6.6 billion, marking a pivotal step in its long-term growth strategy. The deal brings new distinguished families and investors into the firm’s ownership group, led by Mousse Partners, Progeny 3, and Abrams Capital. These new partners join existing investors Viking Global Investors and the Rockefeller and Desmarais families. The recapitalization is expected to close by the end of 2025.

BlackRock’s AUM Reaches All-Time High Of $13.46 Trillion

By Amit Chowdhry ● Oct 14, 2025

Global asset manager BlackRock announced record third-quarter results on Tuesday, driven by robust client inflows of approximately $205 billion across its platform. This performance, fueled by strong demand for its iShares ETFs and private market products, propelled the firm's total assets under management (AUM) to a new all-time high of $13.46 trillion.

Cetera Onboards $1.8 Billion Firm Pillar Financial Group

By Amit Chowdhry ● Oct 14, 2025

Cetera has welcomed Pillar Financial Group to its community, a significant move that highlights the growth and strategic acquisitions within the financial advisory sector. Pillar Financial Group is led by a strong team of seven partners, including CEO Luke Madsen, who holds the Certified Financial Planner (CFP) and Chartered Life Underwriter (CLU) designations. The firm features a dedicated advisory team of 34 professionals, all focused on delivering exceptional financial guidance.

Goldman Sachs Acquires $7 Billion AUS Firm Industry Ventures In Deal Valued Up To $965 Million

By Amit Chowdhry ● Oct 13, 2025

Goldman Sachs Group has announced its intention to acquire Industry Ventures, a highly regarded venture capital platform known for its extensive investments throughout all stages of the VC lifecycle. Industry Ventures manages an impressive $7 billion in assets under supervision (AUS) and has executed over 1,000 primary and secondary investments since its inception in 2000. The firm boasts a remarkable net internal rate of return (IRR) of 18% and a net realized multiple on invested capital (MOIC) of 2.2X, demonstrating its effectiveness in generating returns for its investors.

JPMorgan Chase: $1.5 Trillion Security And Resiliency Initiative Launched

By Amit Chowdhry ● Oct 13, 2025

JPMorgan Chase has announced the ambitious Security and Resiliency Initiative, a $1.5 trillion, 10-year plan dedicated to facilitating, financing, and investing in industries essential for national economic security and resilience. As part of this initiative, the firm plans to make direct equity and venture capital investments of up to $10 billion aimed at helping select companies, primarily within the United States, to foster their growth, drive innovation, and support strategic manufacturing efforts.

Evergreen Wealth Launched By Former PayPal CEO Bill Harris

By Amit Chowdhry ● Oct 12, 2025

Serial fintech entrepreneur Bill Harris has launched Evergreen Wealth, a digital Registered Investment Advisor (RIA) with a focus on tax-aware investment management and AI-powered financial advice. The firm is built for affluent and high-net-worth clients seeking to build long-term wealth in an increasingly complex financial landscape.

BayPine: Amy Harsch Named As Partner

By Amit Chowdhry ● Oct 11, 2025

BayPine, a private investment firm dedicated to driving digital transformation in leading businesses, has recently made a significant addition to its team with the hiring of Amy Harsch as Partner and Head of Capital Formation and Investor Relations. In her new role, Harsch will play a crucial part in overseeing the company's fundraising strategies and enhancing engagement with investors. Her primary focus will be on building and nurturing long-term partnerships with both existing and potential clients on a global scale. Based in New York, she will collaborate closely with Partner Migo Terjanian to further BayPine's mission.

Permira: Caitlin Brodie Joins As Managing Director In North America

By Amit Chowdhry ● Oct 11, 2025

Global investment firm Permira has announced the strategic appointment of Caitlin Brodie as a Managing Director within its US Capital Formation team. Caitlin will be based in New York and will take on the role of Head of US East Coast Coverage.

Stratus Financial: $20 Million Milestone Achieved In Aviation Training Fund

By Amit Chowdhry ● Oct 11, 2025

Stratus Financial, a provider of financing solutions tailored for aviation training, has reached a significant milestone by growing its investment fund to $20 million in assets. Since its establishment in 2021, the fund has returned over $2.7 million to investors. This achievement showcases Stratus Financial's ongoing growth and effectiveness in supporting aspiring pilots while providing attractive returns for its investors.

Creative Planning To Buy SageView As Newly Combined Firm Would Represent $640 Billion

By Amit Chowdhry ● Oct 11, 2025

Creative Planning, recognized as one of the largest registered investment advisors (RIAs) in the nation, has made a significant move by finalizing a definitive agreement to acquire SageView Advisory Group, a prominent independent RIA firm. This strategic partnership will enable Creative Planning to strengthen its position in the financial advisory landscape by incorporating SageView's expertise and clientele.

Mercer Advisors: $1.2 Billion Firm Singer Burke Onboarded

By Amit Chowdhry ● Oct 10, 2025

National Registered Investment Adviser (RIA) Mercer Global Advisors has recently expanded its portfolio by acquiring Singer Burke, a well-established wealth management, tax, and business management firm based in Los Angeles. With a legacy spanning over 50 years, Singer Burke has built a reputation for serving highly creative professionals and executives in the media and entertainment industry.

VestGen Wealth Partners Now Managing $7 Billion In Client Assets After 15 Advisors Added

By Amit Chowdhry ● Oct 10, 2025

VestGen Wealth Partners recently announced a significant milestone in its strategic growth plan, characterized by the addition of six new wealth management practices to its platform. Collectively, these practices are expected to bring approximately $1.5 billion in client assets, marking a substantial advancement for VestGen.