Mergers & Acquisitions

Prospera Financial Onboards $2 Billion Broker-Dealer Team Cutter & Company

By Amit Chowdhry ● Apr 9, 2025

Dallas-based independent broker-dealer Prospera Financial Services announced it has acquired St. Louis, Missouri-based Cutter & Company, an independent broker-dealer with about $2 billion in total client assets, 40 advisors, and 12 employees.

Raymond James Onboards $325 Million Southern California-Based Team

By Amit Chowdhry ● Apr 9, 2025

Raymond James announced it brought in financial advisor David Tam, CEPA, AAMS, to Raymond James Financial Services (RJFS) as announced by Casey McGee, Western assistant division director for RJFS.

Modern Wealth: $1 Billion In AUM Added Through Two California-Based Acquisitions

By Amit Chowdhry ● Apr 9, 2025

Modern Wealth Management, a registered investment advisory (RIA) firm created to meet financial professionals' and clients' evolving needs, announced two asset purchase agreements to power its expansion in California and propel its assets under management (AUM) to more than $7 billion.

ALM Positioners Acquired By Altus Capital, Centerfield, And Senior Leadership Team

By Amit Chowdhry ● Apr 9, 2025

Altus Capital Partners, Centerfield Capital Partners, and the company’s senior leadership team announced the acquisition of ALM Positioners. ALM Positioners provides automated positioning equipment that leading manufacturers use to hold, rotate, and position workpieces during welding, assembly, or other fabrication processes. The terms of the deal were undisclosed.

LPL To Support $16 Billion Broker-Dealer Team Of First Horizon Bank

By Amit Chowdhry ● Apr 9, 2025

LPL Financial announced an agreement with First Horizon Bank, First Horizon's banking subsidiary, to expand its wealth management capabilities and solutions by transitioning support of First Horizon Advisors' broker-dealer and investment advisory services to LPL and its Institution Services platform.

Raymond James: $828 Million Arizona-Based Financial Advisor Team Onboarded

By Amit Chowdhry ● Apr 8, 2025

Raymond James announced it has onboarded financial advisors Brian Flader, Michael Flader, and Chris Young to Raymond James & Associates (RJA) – the firm's employee advisor channel – in Scottsdale, Arizona, as announced by Edward Sudzina, Southwest regional director for RJA.

Aspen Standard Wealth Buying $2.9 Billion Team New England Private Wealth Advisors

By Amit Chowdhry ● Apr 8, 2025

Aspen Standard Wealth, an RIA acquirer that serves as a permanent home and long-term partner for RIAs, announced that it has acquired New England Private Wealth Advisors (NEPWA), a Boston-based RIA with $2.9 billion in assets under management (AUM) as of December 2024.

Fiserv To Acquire Pinch Payments For Enhancing Payment Service Offerings

By Amit Chowdhry ● Apr 8, 2025

Fiserv (a leading global provider of payments and financial services technology) announced it acquired Pinch Payments, a payment facilitator (PayFac), known for leading PayFac enablement and its management platform “Glassbox.”

Sequence Buying Light To Address Blockchain Fragmentation

By Amit Chowdhry ● Apr 8, 2025

Horizon Blockchain Games (a pioneer of web3 infrastructure and gaming) announced that it will now operate solely under the name Sequence. Along with the rebrand, Sequence expands its technical leadership with the strategic acquisition of Light, a pioneer of chain abstraction technologies.

Ripple To Buy Hidden Road In $1.25 Billion Deal

By Amit Chowdhry ● Apr 8, 2025

Ripple, a leading provider of digital asset infrastructure for financial institutions, announced it is buying Hidden Road for $1.25 billion. This represents one of the largest deals in the digital assets space.

ServiceNow Buying Logik.ai To Accelerate CRM Footprint

By Amit Chowdhry ● Apr 8, 2025

ServiceNow announced it signed a definitive agreement to acquire Logik.ai, an industry leader with a modern, AI-based, composable Configure, Price, Quote (CPQ) solution. And Logik.ai’s capabilities for sales and commerce will expand ServiceNow’s growing CRM footprint and empower sales organizations to close deals faster, boost productivity levels, and achieve greater efficiency.

Savvy: Over $1.5 Billion In AUM Surpassed And Expands FA Team

By Amit Chowdhry ● Apr 8, 2025

Savvy Advisors, a registered investment advisor (RIA) affiliated with Savvy Wealth, announced the addition of five experienced financial advisors, expanding its team to over 50 financial planners and wealth managers. And advisors who join Savvy gain access to Savvy Wealth’s AI-based technology designed to improve advisor efficiency and output.