Dakota Wealth Management Acquires Pineno Levin & Ford Asset Management, Inc.

Dakota Wealth Management Acquires Ledge Wealth Management

January 3, 2024

Wealth Management

Dakota Wealth Management has agreed to acquire Ledge Wealth Management, Inc., a registered investment advisor based in Sartell, Minnesota that manages roughly $400 million of client assets and advises on an additional $200 million through its 401(k) advisory business. The deal expands Dakota Wealth's AUM to about $4.9 billion and brings Ledge founder Kurt Durrwachter, COO Gina K. Bartell and six associates into Dakota's team.

Maridea Wealth Management Acquires Pinnacle Wealth Management

July 18, 2025

Financial Services

Maridea Wealth Management has acquired Pinnacle Wealth Management, a Chicago-based advisory firm led by veteran advisor Brian Sheehy. Pinnacle will move from LPL Financial to Maridea's independent RIA platform, strengthening Maridea's Midwest presence and expanding its advisor and client capabilities; Green Sail Capital Partners served as exclusive sell-side advisor.

Pure Financial Advisors Acquires Fairhaven Wealth Management

April 21, 2025

Wealth Management

Pure Financial Advisors, a San Diego-based fee-only RIA backed by Lee Equity Partners and Emigrant Partners, has acquired Fairhaven Wealth Management, an independent financial planning and investment management firm based in Wheaton, Illinois with nearly $900 million in client assets. The acquisition expands Pure's presence in the Chicago / Midwest market and enhances its retirement consulting capabilities.

Modern Wealth Management Acquires Wade Financial Advisory and Planned Asset Management

April 9, 2025

Wealth Management

Modern Wealth Management has completed the acquisition of Wade Financial Advisory and expects to close on the acquisition of Planned Asset Management, adding roughly $1 billion in AUM and bringing Modern Wealth's assets under management to over $7 billion. The deals establish Modern Wealth's first client-facing offices in California, integrate Wade Financial's tax planning business into Modern Wealth's tax platform, and support a leadership succession plan at Planned Asset Management.

CI Financial Acquires Balasa Dinverno Foltz (BDF)

August 4, 2020

Financial Services

CI Financial Corp. agreed to acquire full ownership of Balasa Dinverno Foltz LLC (BDF), a Chicago-region registered investment advisor with approximately US$4.5 billion in assets under management and a 62-person team. The deal expands CI's U.S. wealth management footprint, pushing its U.S. wealth assets to roughly US$11 billion and strengthens CI's presence in the Midwest and Chicago high-net-worth market.

Apella Wealth Acquires Park Piedmont Advisors

August 29, 2025

Financial Services

Apella Wealth has acquired Park Piedmont Advisors, a fee-only advisory firm led by brothers Nick and Tom Levinson, adding over $1 billion in AUM and establishing Apella’s presence in Chicago. The deal is an add-on to Apella’s platform (which is partnered with Wealth Partners Capital Group) and expands Apella’s national footprint and resources for Park Piedmont’s clients.