Cresset Acquires PagnatoKarp to Create $9.5 Billion RIA

Cresset Acquires CH Investment Partners

October 19, 2024

Wealth Management

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.

Cresset Acquires The Connable Office

June 13, 2024

Wealth Management

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.

Franklin Templeton Acquires Apera Asset Management

October 3, 2025

Financial Services

Franklin Templeton (Franklin Resources, Inc.) has completed its acquisition of Apera Asset Management, a pan‑European private credit manager with over €5 billion AUM. The deal expands Franklin Templeton’s alternative credit capabilities and geographic reach in Europe, growing the firm’s global alternative assets under management to approximately $270 billion.

Franklin Templeton Acquires Apera Asset Management

October 3, 2025

Financial Services

Franklin Templeton (Franklin Resources, Inc.) has completed the acquisition of Apera Asset Management, a pan‑European private credit firm with over €5 billion in AUM. The deal expands Franklin Templeton’s alternative credit capabilities and European footprint, growing its global alternative credit AUM to over $90 billion and total alternative assets to roughly $270 billion as of September 30, 2025.

MAI Capital Management Acquires R. Karras Asset Management & Planning

January 4, 2024

Financial Services

MAI Capital Management, a Cleveland-based registered investment adviser, has acquired R. Karras Asset Management & Planning, adding approximately $110 million of client assets under management. The deal will fold Karras into MAI's brand and infrastructure, expanding MAI's capabilities (tax and estate planning, alternative investing) and enabling founder Robert Karras to continue as Senior Wealth Advisor and Managing Director.

MAI Capital Management Acquires Pareto Wealth Management

August 9, 2022

Financial Services

MAI Capital Management, a Cleveland-area registered investment adviser, has acquired Pareto Wealth Management, a Cleveland-based wealth management team led by Sean Kriak and Joe Palko. The deal expands MAI's financial planning and wealth capabilities in Northeast Ohio; Pareto was previously a division of McDonald Partners Wealth Advisory Group.