Wealth Management Buyout Acquisitions in 2024
Acquisition Volume in Wealth Management Buyout in 2024 by Year
Last 5 years
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December 31, 2024
- Buyer
- Wealth Enhancement
- Target
- Northwest Investment Counselors, LLC
- Industry
- Wealth Management
- Location
- Oregon, United States
- Type
- Buyout
Wealth Enhancement, a national independent wealth management firm with $102.1 billion in client assets, has acquired Northwest Investment Counselors, an independent RIA based in Lake Oswego, Oregon that manages about $673 million in client assets. The transaction, which closed December 31, 2024, expands Wealth Enhancement's presence in the Pacific Northwest and augments its advisory bench and service capabilities.
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December 17, 2024
- Buyer
- Beacon Pointe Advisors
- Target
- Artemis Financial Advisors, WhiteRock Wealth Management
- Industry
- Wealth Management
- Location
- United States
- Type
- Buyout
Beacon Pointe Advisors has acquired Artemis Financial Advisors (Boston, MA) and WhiteRock Wealth Management (Dallas, TX), adding roughly $613 million in assets under management and expanding its presence in the Boston and Dallas–Fort Worth markets. The two deals closed on November 30 and December 15, 2024, respectively; financial terms were not disclosed.
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December 10, 2024
- Buyer
- Lido Advisors, LLC
- Target
- Avitas Wealth Management, LLC
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Lido Advisors, a Los Angeles-based wealth advisory firm with about $24 billion in RAUM, announced it will merge in Avitas Wealth Management, a Southern California RIA with more than $1.1 billion in RAUM. The Avitas lead partners will join Lido, strengthening Lido's Los Angeles presence and expanding its multigenerational family wealth capabilities.
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December 9, 2024
- Buyer
- MAI Capital Management, LLC
- Target
- Carmichael Hill & Associates, Inc.
- Seller
- Jim Stewart
- Industry
- Wealth Management
- Location
- Maryland, United States
- Type
- Buyout
MAI Capital Management announced the acquisition of Gaithersburg, Maryland-based Carmichael Hill & Associates, adding approximately $350 million in client assets under management. Carmichael Hill will adopt MAI's brand and infrastructure effective December 6, 2024; Principal Jim Stewart becomes Senior Wealth Advisor & Team Leader. Turkey Hill Management advised Carmichael Hill on the transaction; terms were not disclosed.
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December 3, 2024
- Buyer
- Allworth Financial
- Target
- Ryan Wealth Management
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Allworth Financial has acquired Ryan Wealth Management, an RIA with offices in Yuba City, California and Spokane, Washington, bringing approximately $500 million in AUM and over 800 client households onto Allworth's platform. The deal expands Allworth's presence in Northern California and the Pacific Northwest and adds Ryan Wealth's retirement and investment advisory expertise to Allworth's nationwide RIA footprint.
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December 1, 2024
- Buyer
- Savant Wealth Management
- Target
- Sortino Advisory Partners
- Seller
- Sortino Advisory Partners
- Industry
- Wealth Management
- Location
- Kentucky, United States
- Type
- Buyout
Savant Wealth Management acquired Louisville-based Sortino Advisory Partners, a veteran-owned fee-only RIA with $239 million in assets under management (and $135.7 million in assets under advisement). The deal closed on September 30; terms were not disclosed and Sortino principals Daniel Hutcherson and Stephen Heitz joined Savant as financial advisors, managing directors, and member-owners.
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November 29, 2024
- Buyer
- CAPTRUST Financial Advisors
- Target
- Boston Financial Management
- Seller
- Richard H. Morse
- Industry
- Wealth Management
- Location
- Massachusetts, United States
- Type
- Buyout
CAPTRUST Financial Advisors has acquired Boston Financial Management, adding nearly $5 billion of client assets and 45 colleagues across Boston, Cape Cod (Massachusetts) and Portland (Maine). As part of the transaction BFM founder Richard H. Morse will retire; Berkshire Global Advisors served as BFM's financial advisor.
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November 25, 2024
- Buyer
- Seven2, Apax Development Fund II (ADF II)
- Target
- Olifan Group
- Seller
- Managers, BlackFin Capital Partners
- Industry
- Wealth Management
- Location
- Île-de-France, France
- Type
- Buyout
Seven2 has signed an agreement to acquire a majority stake in Olifan Group, a French independent wealth management firm, investing via its Apax Development Fund II (ADF II). The transaction, which facilitates the exit of minority investor BlackFin Capital Partners and involves management reinvestment, will support Olifan's organic growth and an accelerated external growth (buy-and-build) strategy to consolidate the French wealth management market.
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November 21, 2024
- Buyer
- Steward Partners
- Target
- Mainstay Wealth Management
- Industry
- Wealth Management
- Location
- New Jersey, United States
- Type
- Buyout
Steward Partners has acquired Mainstay Wealth Management, a 14-person advisory team led by Timothy Burklow Sr. and Matthew Rotella, adding four advisors and over $850 million of assets under management. The move expands Steward Partners' presence in New Jersey with a new Riverdale office and brings experienced advisors from Ameriprise to the firm's Legacy Division.
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- Buyer
- MAG Wealth Management, Carson Group
- Target
- Ovation Wealth Advisors
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
MAG Wealth Management has acquired Ovation Wealth Advisors and rebranded the business as a Carson Wealth location as part of a strategic partnership with Carson Group, which is taking a 30% equity stake. The newly formed Carson Wealth team — led by Jeremy and Hayden Willner — will oversee approximately $350 million in AUM across locations in Paynesville, Little Falls and Minneapolis, Minnesota, and addresses succession planning while expanding MAG's Midwest presence.
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November 19, 2024
- Buyer
- Boston Multi Family Office (Boston MFO)
- Target
- Aqua Group
- Industry
- Wealth Management
- Location
- Jersey
- Type
- Buyout
Boston Multi Family Office (Boston MFO) has acquired Aqua Group, a Jersey-based trust and fiduciary services firm founded in 2012. The deal — Boston's third acquisition since investor Horizon Capital backed the business — expands Boston's jurisdictional footprint into Jersey and the UK and brings Aqua's staff and capabilities into Boston's multi-jurisdictional wealth offering.
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November 12, 2024
- Buyer
- Mercer Global Advisors, Inc. (Mercer Advisors)
- Target
- Waypoint Capital Advisors
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Mercer Global Advisors (Mercer Advisors) has acquired Waypoint Capital Advisors, a Minneapolis-based investment advisory and financial planning firm that manages nearly $1 billion in client assets for ultra-high-net-worth families. The deal brings Waypoint's 12 professionals into Mercer and is intended to deepen Mercer’s multi-family office and UHNW capabilities while expanding its Minneapolis footprint.
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November 10, 2024
- Buyer
- Focus Financial Partners, Buckingham Strategic Wealth (a trade name of The Colony Group), The Colony Group
- Target
- Homan Wealth Advisors
- Industry
- Wealth Management
- Location
- Nebraska, United States
- Type
- Buyout
Focus Financial Partners has entered into a definitive agreement under which Homan Wealth Advisors (Omaha, Nebraska) will join Buckingham Strategic Wealth, a trade name of The Colony Group. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions.
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October 30, 2024
- Buyer
- Evoke Advisors
- Target
- Crescent Bay Advisors
- Industry
- Wealth Management
- Location
- United States
- Type
- Buyout
Evoke Advisors, a $25.3 billion registered investment advisory firm, has acquired the business of Crescent Bay Advisors, a multi-family office. The deal expands Evoke's service offering by adding in-house family office capabilities and brings Crescent Bay's founder Larry Abrahams into Evoke as a managing partner; terms were not disclosed.
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October 21, 2024
- Buyer
- Hightower Holding
- Target
- NEPC, LLC
- Industry
- Wealth Management
- Location
- Massachusetts, United States
- Type
- Buyout
Hightower Holding will acquire a majority interest in NEPC, LLC, combining NEPC's institutional investment consulting and OCIO capabilities with Hightower Advisors to expand services for private wealth clients. NEPC will retain its culture and executive team while the combined organization aims to broaden access to institutional-quality investment solutions across Hightower's advisor network.
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October 19, 2024
- Buyer
- Cresset Asset Management
- Target
- CH Investment Partners
- Industry
- Wealth Management
- Location
- Texas, United States
- Type
- Buyout
Cresset Asset Management has acquired CH Investment Partners, a $6.2 billion multi-family office serving ultra-high-net-worth families. The deal brings CH’s team and client relationships into Cresset’s platform and expands the combined firm’s assets under management to more than $62 billion.
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October 18, 2024
- Buyer
- Harbourfront Wealth Management
- Target
- Rothenberg Wealth Management, Rothenberg & Rothenberg Annuities
- Industry
- Wealth Management
- Location
- Quebec, Canada
- Type
- Buyout
Harbourfront Wealth Management has acquired Rothenberg Wealth Management, including Rothenberg & Rothenberg Annuities, expanding Harbourfront's assets under administration to approximately CAD$8 billion. The acquisition enhances Harbourfront's presence in Québec and Alberta and integrates Rothenberg's Montreal and Calgary offices into Harbourfront's national advisor network.
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October 16, 2024
- Buyer
- Pathstone, Kelso & Company, Lovell Minnick Partners, Pathstone management
- Target
- Hall Capital Partners (Hall Capital)
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Pathstone, a partner-owned RIA backed by Kelso & Company and Lovell Minnick Partners, has agreed to acquire Hall Capital Partners to expand its investment capabilities and national footprint. Hall Capital brings roughly $45 billion in assets under advisement, about 180 team members across San Francisco and New York, and the deal will be supported by additional capital from Kelso, Lovell Minnick and Pathstone management.
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October 15, 2024
- Buyer
- Beacon Pointe Advisors
- Target
- Landmark Wealth Management Group
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Beacon Pointe Advisors has acquired Landmark Wealth Management Group, a Lake Elmo, Minnesota-based RIA that oversees approximately $1 billion in client assets. The deal (closed October 15, 2024) gives Beacon Pointe its first formal office presence in Minnesota and expands its national footprint and advisory team.
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October 15, 2024
- Buyer
- Carson Group
- Target
- Sweet Financial Partners
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Carson Group has acquired Sweet Financial Partners, a $1 billion AUA wealth advisory firm based in Fairmont, Minnesota. The 12-person team will continue to operate under the Sweet Financial Partners name while leveraging Carson's national resources to strengthen Carson's presence in the Midwest.
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October 8, 2024
- Buyer
- Cerity Partners
- Target
- SBC Wealth Management
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Buyout
Cerity Partners is merging with SBC Wealth Management, a $1 billion Indianapolis-based advisory firm, to deepen its wealth management capabilities and expand its Midwest presence. SBC will operate under the Cerity Partners name, and MarshBerry served as SBC's exclusive financial advisor with Bose McKinney & Evans providing legal counsel.
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October 8, 2024
- Buyer
- Robertson Stephens Wealth Management, LLC
- Target
- CAFG Private Wealth
- Industry
- Wealth Management
- Location
- Illinois, United States
- Type
- Buyout
Robertson Stephens Wealth Management has acquired CAFG Private Wealth, a registered investment advisor managing over $240 million in assets. Tom Chernesky and his team join Robertson Stephens as the firm opens its first Greater Chicago office, marking Robertson Stephens' fifth acquisition of 2024 and bringing its assets under management to over $7 billion.
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October 7, 2024
- Buyer
- MAI Capital Management
- Target
- Halpern Financial
- Industry
- Wealth Management
- Location
- Virginia, United States
- Type
- Buyout
MAI Capital Management has acquired Halpern Financial, a fee-only RIA with approximately $1.2 billion in client AUM and offices in Ashburn, Virginia and Rockville, Maryland (with a presence in Naples, Florida). Terms were not disclosed; Halpern's founder Ted Halpern will become a regional president and the firm will adopt MAI's branding and internal infrastructure to support growth and expand MAI's regional footprint.
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October 4, 2024
- Buyer
- Allworth Financial
- Target
- George McKelvey Company
- Seller
- Robert McKelvey, Robert A. Giunco, Jr., Richard Looney
- Industry
- Wealth Management
- Location
- New Jersey, United States
- Type
- Buyout
Allworth Financial has acquired New Jersey-based George McKelvey Company, expanding Allworth’s East Coast footprint and bringing the Manasquan firm's nine advisors and eight support staff into Allworth’s platform. The acquisition adds over $1.1 billion in managed assets to Allworth’s business and increases its nationwide offices to 43; financial terms were not disclosed.
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- Buyer
- Beacon Pointe Advisors
- Target
- Bridge Advisory, Charleston Investment Advisors
- Industry
- Wealth Management
- Location
- United States
- Type
- Buyout
Beacon Pointe Advisors has acquired Bridge Advisory (Pasadena/Newport Beach, CA) and agreed to acquire Charleston Investment Advisors (Mt. Pleasant, SC), adding approximately $600 million in client assets and bringing Beacon Pointe's assets under advisement to just under $37 billion. Bridge Advisory's 10-person team and Charleston's founder Stephanie W. Mackara will join Beacon Pointe as partners; financial terms were not disclosed.
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- Buyer
- Creative Planning
- Target
- Edmonds Duncan Registered Investment Advisors
- Seller
- Edmonds Duncan Registered Investment Advisors, Jason Edmonds, Don Duncan
- Industry
- Wealth Management
- Location
- Kansas, United States
- Type
- Buyout
Creative Planning has acquired Lawrence, Kansas-based Edmonds Duncan Registered Investment Advisors, with the deal closing October 1 and six Edmonds Duncan employees joining Creative Planning. The acquisition adds roughly $550 million of AUM and expands Creative Planning's presence in Kansas while enabling Edmonds Duncan clients to access Creative Planning's broader suite of planning, investment, tax, trust and estate services.
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September 29, 2024
- Buyer
- Carson Wealth
- Target
- True North Financial
- Industry
- Wealth Management
- Location
- Montana, United States
- Type
- Buyout
Carson Wealth announced a partnership with Billings-based True North Financial, bringing the six-person True North team into the Carson Wealth network as Carson's second Billings location. The True North team — led by Ty Vogele and including David Guenthner and Ryan Wittman — manages over $400 million in assets and will retain client relationships while gaining access to Carson's investment, tax and estate planning resources.
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September 27, 2024
- Buyer
- WealthPlan Partners, LLC
- Target
- Klauke Investments & Insurance Services
- Industry
- Wealth Management
- Location
- Wisconsin, United States
- Type
- Buyout
WealthPlan Partners, a national Registered Investment Adviser based in Omaha, Nebraska, has acquired Klauke Investments & Insurance Services, a wealth management and insurance firm in Onalaska, Wisconsin. The deal brings approximately $275 million in assets under management and over 300 clients to WealthPlan, expanding its Midwest presence and advisor platform.
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September 23, 2024
- Buyer
- Empower
- Target
- Plan Management Corporation (OptionTrax)
- Industry
- Wealth Management
- Location
- Pennsylvania, United States
- Type
- Buyout
Empower has acquired Plan Management Corporation (PMC), the creator of the OptionTrax equity compensation administration platform, and will integrate the platform into its digital wealth and retirement offerings. The OptionTrax platform — used by more than 300 employers and representing approximately $62 billion in equity compensation plan value — will be rebranded as "OptionTrax by Empower" and operated under the newly formed Empower Stock Plan Services, LLC.
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September 19, 2024
- Buyer
- Cerity Partners, Cerity Partners Ventures (CPV)
- Target
- Touchdown Ventures
- Industry
- Wealth Management
- Location
- United States
- Type
- Buyout
Cerity Partners announced it is merging with Touchdown Ventures, a provider of advisory services for corporate venture programs. Following the closing (expected in the coming weeks), Touchdown will operate as Cerity Partners Ventures (CPV) and integrate into Cerity’s broader offerings, including Venture Capital-as-a-Service (VCaaS).
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September 11, 2024
- Buyer
- Simplicity Group Holdings, Inc.
- Target
- benefitRFP, Inc.
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Simplicity Group Holdings, Inc. has acquired benefitRFP, Inc., a Sacramento-based provider of executive benefit plan solutions and related technology. As part of the deal, benefitRFP founder Bob Nienaber joins Simplicity as a partner; the acquisition expands Simplicity's product offerings and technology capabilities for institutional and advisor clients.
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September 8, 2024
- Buyer
- Sequoia Financial Group
- Target
- Eide Bailly wealth management practice, Eide Bailly Advisors, LLC
- Seller
- Eide Bailly LLP
- Industry
- Wealth Management
- Location
- North Dakota, United States
- Type
- Buyout
Sequoia Financial Group and Eide Bailly announced a strategic partnership under which Sequoia Financial will acquire Eide Bailly’s wealth management practice. Eide Bailly Advisors, LLC will become part of Sequoia Financial, and Eide Bailly will receive an equity investment in Sequoia Financial, with the deal expected to close in Q4.
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August 27, 2024
- Buyer
- IEQ Capital
- Target
- EPIQ Capital Group
- Industry
- Wealth Management
- Location
- United States
- Type
- Buyout
IEQ Capital, an independent investment advisor and RIA, announced the strategic acquisition of EPIQ Capital Group, a multi-family office and investment firm. The combined firm is expected to reach about $32 billion in assets under management, expanding IEQ’s footprint across major U.S. markets.
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August 21, 2024
- Buyer
- Abacus Life
- Target
- FCF Advisors
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Abacus Life announced a definitive agreement to acquire FCF Advisors, a New York-based asset manager and index provider focused on free cash flow investment strategies. The acquisition is expected to close in Q4 2024 and is intended to expand Abacus' ABL Wealth offerings within its suite of financial advisory products.
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- Buyer
- Wren Sterling
- Target
- In Focus Group, In Focus, Certus, Hughes Carne
- Industry
- Wealth Management
- Location
- Hampshire, United Kingdom
- Type
- Buyout
Wren Sterling has completed the acquisition of the In Focus Group (comprising In Focus, Certus and Hughes Carne), bringing approximately £450 million of client assets and 2,500 clients into the Wren Sterling Group. Nine advisers and ten support staff have transferred to Wren Sterling and the In Focus Group’s Fareham office will become Wren Sterling’s new Solent office, strengthening the buyer’s presence across the south coast (Southampton, Portsmouth and surrounding area).
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August 12, 2024
- Buyer
- NFP
- Target
- Harabedian, Hall & Co.
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
NFP acquired Los Angeles-based business management firm Harabedian, Hall & Co. and will integrate the practice into its Ground Control Business Management division. Principals Rob Harabedian and Allen Freiman will join NFP as managing directors to expand Ground Control's business-management, tax and estate planning capabilities for high-net-worth and entertainment clients.
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August 8, 2024
- Buyer
- Hub International Limited
- Target
- Clark 401k Consulting, LLC
- Seller
- Clark 401k Consulting, LLC
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Hub International Limited has acquired the assets of Clark 401k Consulting, LLC, a Los Gatos, California-based independent 401(k) consulting and fiduciary processes firm. The Clark team, led by Christopher Clark, will join Hub's Retirement and Private Wealth practice to strengthen Hub's retirement services in Central & Northern California; terms were not disclosed.
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July 31, 2024
- Buyer
- Sequoia Financial Group, LLC
- Target
- Karpas Strategies, LLC
- Industry
- Wealth Management
- Location
- Connecticut, United States
- Type
- Buyout
Sequoia Financial Group has acquired Karpas Strategies, an independent investment manager serving ultra-high-net-worth families, foundations and trusts, with the firm joining Sequoia's Sequoia Sentinel Family Office. The transaction closed July 31, 2024; Karpas manages about $420 million and its three-person team will join Sequoia to expand the firm's family office and ultra-high-net-worth services.
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- Buyer
- Bluespring Wealth Partners, LLC
- Target
- Shelton Financial Group
- Seller
- Jeff Shelton (Founder and President)
- Industry
- Wealth Management
- Location
- Indiana, United States
- Type
- Buyout
Bluespring Wealth Partners, an acquirer and partner of wealth management firms, has acquired Fort Wayne-based Shelton Financial Group and transitioned Shelton's investment business onto the Kestra Financial platform. Shelton's team — which oversees nearly $500 million in client assets — joined Bluespring to gain back-office resources, succession support and access to the Kestra ecosystem.
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July 11, 2024
- Buyer
- Wealth Enhancement Group
- Target
- Rock House Financial
- Industry
- Wealth Management
- Location
- Utah, United States
- Type
- Buyout
Wealth Enhancement Group has acquired Rock House Financial, an independent RIA based in Farmington, Utah that manages over $272 million in client assets. The deal gives Wealth Enhancement Group its first presence in Utah and expands its footprint across the Mountain West while Rock House Financial's advisors gain access to centralized services including IT, compliance, legal, security, and marketing.
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July 1, 2024
- Buyer
- AlTi Global, Inc. (AlTi)
- Target
- Envoi, LLC
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
AlTi Global, Inc. (AlTi) completed the previously announced acquisition of Envoi, LLC, a Minneapolis-based multi-family office with approximately $3.0 billion in AUM. The deal expands AlTi's U.S. footprint and adds multi-generational family wealth advisory capabilities to its global wealth and alternatives platform.
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- Buyer
- Perigon Wealth Management LLC
- Target
- Creative Financial Planning Inc.
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Perigon Wealth Management LLC, an independent RIA with approximately $7.75 billion in client assets, has acquired Creative Financial Planning Inc., a New York-based wealth management firm with roughly $150 million in AUM. Creative Financial Planning's founder Lisa Hayes and COO Daniel Gwizdak will join Perigon as wealth managers and partners; terms were not disclosed.
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June 17, 2024
- Buyer
- Allworth Financial
- Target
- Del Monte Group
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Allworth Financial has acquired Del Monte Group, a Walnut Creek, California RIA managing over $220 million in assets. Richard Del Monte and two support staff will transition to Allworth; terms were not disclosed. The deal expands Allworth's California footprint to 18 locations and is the firm's fifth acquisition of the year.
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- Buyer
- Wealth Enhancement Group
- Target
- Gavin Financial Group
- Industry
- Wealth Management
- Location
- Michigan, United States
- Type
- Buyout
Wealth Enhancement Group, a national independent wealth management firm, announced that the five-person Gavin Financial Group team in Midland, Michigan has joined the firm. The Gavin team manages over $658 million in client assets; the move expands Wealth Enhancement Group's presence in Michigan and is its sixth acquisition of 2024.
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June 13, 2024
- Buyer
- Cresset Asset Management
- Target
- The Connable Office
- Industry
- Wealth Management
- Location
- Michigan, United States
- Type
- Buyout
Cresset Asset Management has acquired The Connable Office, a 130+-year multi-family office and private trust company based in Kalamazoo, Michigan. The deal brings Connable's trust administration and family-office capabilities into Cresset's platform, creating a combined firm that will manage more than $52 billion in client assets; Republic Capital Group and Alston & Bird advised Connable.
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May 20, 2024
- Buyer
- Avantax
- Target
- GA Investment Management
- Industry
- Wealth Management
- Location
- Pennsylvania, United States
- Type
- Buyout
Avantax has acquired Pennsylvania-based GA Investment Management, onboarding $400 million of GA client assets to its platform and converting 10 GA employees to Avantax W-2 employees. The GA partners selected Avantax as part of a succession plan because of aligned tax-focused planning, in-house asset management, eMoney compatibility, and access to Avantax's network for future advisor growth.
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May 18, 2024
- Buyer
- Wealthspire Advisors
- Target
- Walden Wealth Partners
- Industry
- Wealth Management
- Location
- Ohio, United States
- Type
- Buyout
Wealthspire Advisors, an independent registered investment advisor, has entered an agreement to acquire Walden Wealth Partners, a registered investment advisor firm in the Cleveland metro area (Beachwood, Ohio). The deal adds roughly $420 million in assets under management and expands Wealthspire’s presence in the Midwest by adding a location in the Cleveland metro area.
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- Buyer
- Edelman Financial Engines
- Target
- Soundmark Wealth Management
- Industry
- Wealth Management
- Location
- Washington, United States
- Type
- Buyout
Edelman Financial Engines has acquired Soundmark Wealth Management, a Kirkland, Washington-based registered investment advisory firm managing approximately $453 million in client assets. The deal expands Edelman’s planner capacity and presence in the Pacific Northwest while integrating Soundmark’s team and expertise serving medical and technology professionals and small business owners.
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- Buyer
- LPL Financial LLC
- Target
- Crown Capital Securities, L.P.
- Seller
- Crown Capital Securities, L.P.
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
LPL Financial has closed its acquisition of the wealth management business of Crown Capital Securities, L.P., a full-service broker-dealer and registered investment advisor based in Orange County, California. Approximately 125 advisors representing about $1.3 billion of brokerage and advisory assets have been onboarded to LPL as of May 8, 2024, with roughly $3.7 billion expected to transfer in the coming months.
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May 6, 2024
- Buyer
- Osaic, Inc., Reverence Capital Partners
- Target
- Lincoln Financial Advisors Corporation, Lincoln Financial Securities Corporation
- Seller
- Lincoln National Corporation, Lincoln Financial Group
- Industry
- Wealth Management
- Location
- Pennsylvania, United States
- Type
- Buyout
Osaic, a portfolio company of Reverence Capital Partners, has completed the acquisition of Lincoln Wealth — Lincoln Financial Advisors Corporation and Lincoln Financial Securities Corporation — from Lincoln National Corporation / Lincoln Financial Group. The deal transfers roughly 1,400–1,450 financial professionals and about $115 billion in assets under management to Osaic and was reported to provide Lincoln with approximately $650 million of capital benefit.
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