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Summit Partners: Ricardo Gonzalez Named As Partner

By Amit Chowdhry ● Jan 14, 2025

Growth-focused investment firm Summit Partners announced the addition of Ricardo Gonzalez as a Partner on the firm’s Growth Products & Services team. Gonzalez brings over 15 years of investing and operating experience to the role and will draw on this experience to help support the growth of profitable, category-leading businesses and talented executives in the financial services, consumer, business services, and industrial technology sectors.

Mariner Acquiring Cardinal Investment, Bringing In $292 Billion In Assets Under Advisement

By Amit Chowdhry ● Jan 14, 2025

Mariner, a leading national financial services firm, announced the acquisition of Cardinal Investment Advisors in a deal that adds $292 billion in assets under advisement and about 40 employees to its Mariner Institutional practice. This deal marks a significant milestone in Mariner’s 2025 strategic national expansion plan, strengthening its ability to meet increasing client demand and will bring its total assets under advisement to approximately $550 billion in the first quarter of 2025.

First American Bank Partnering With InvestCloud To Modernize Digital Wealth Management Platform

By Amit Chowdhry ● Jan 14, 2025

InvestCloud (a leader in wealth technology) and First American Bank (FAB), a regional financial institution with $7 billion in assets under management and 61 locations across Illinois, Wisconsin, and Florida, announced a strategic partnership to modernize FAB’s digital wealth management platform. And this collaboration aims to significantly enhance client engagement by offering clients, prospects, wealth advisors, and relationship managers with a unified technology platform offering tailored insights and comprehensive support.

Janney: 27 Financial Advisors Added In 2024

By Amit Chowdhry ● Jan 14, 2025

Janney Montgomery Scott, a leading full-service wealth management and investment banking firm, announced 27 experienced Financial Advisors joined the firm in 2024. And the Financial Advisors collectively manage over $4.3 billion in assets and joined Janney from Baird, Citizens, Fidelity, Kestra, LPL, Merrill Lynch, Osaic, Raymond James, Steward Partners Global Advisory, Truist, UBS, and Wells Fargo.

Norton Rose Fulbright: Jamal Tuhin Named As Partner In London

By Amit Chowdhry ● Jan 14, 2025

Law firm Norton Rose Fulbright announced the appointment of Jamal Tuhin as a partner in London. And Tuhin, a private equity lawyer who joins from Dechert, acts for private equity and financial sponsor clients across Europe and the US on every phase of international and domestic M&A transactions.

Merit Financial Acquiring $739 Million Firm Zimmermann Investment

By Amit Chowdhry ● Jan 14, 2025

Merit Financial Advisors - a Georgia-based financial advisory firm specializing in financial planning and wealth management solutions for high-net-worth individuals, families, and those navigating life transitions - announced it has acquired Zimmermann Investment Management & Planning. This deal will expand Merit's presence with a fourth office in Pennsylvania and increase its assets by $739 million.

Procyon Partners Appoints Mark Sullivan As SVP And Senior Private Wealth Advisor

By Amit Chowdhry ● Jan 14, 2025

Procyon Partners announced the appointment of Mark Sullivan as Senior Vice President and Senior Private Wealth Advisor, a key move in the firm’s growth strategy. And Sullivan, an industry veteran with deep expertise in wealth management, will join the team at the firm’s Shelton, Connecticut headquarters, where he is expected to play a pivotal role in advancing Procyon’s success.

Motorola Solutions To Buy Theatro

By Amit Chowdhry ● Jan 14, 2025

Motorola Solutions announced it has entered into a definitive agreement to acquire Theatro Labs, the maker of AI and voice-powered communication and digital workflow software for frontline workers, based in Richardson, Texas.