Equitable Acquires Penn Investment Advisors

Equitable (affiliate) to Acquire Stifel Independent Advisors

October 28, 2025

Financial Services

Equitable, via an affiliate (Equitable Distribution Holding Corporation), has entered into an agreement to acquire Stifel Independent Advisors, a subsidiary of Stifel Financial. The deal is expected to close in Q1 2026, subject to regulatory approvals and customary closing conditions, and will bring Stifel’s more than 110 independent advisors (about $9 billion in client assets) into Equitable Advisors’ platform.

Prime Capital Investment Advisors Acquires Liberty Wealth Advisors

December 9, 2022

Financial Services

Prime Capital Investment Advisors (PCIA) has acquired substantially all of the assets of Liberty Wealth Advisors, a $1.75 billion wealth planning and investment management firm led by James S. Gladney. The deal brings Liberty's leadership and approximately 15 employees (including five advisors serving ~725 clients across 45+ states) into PCIA and closed on December 9, 2022.

Mid Penn Bancorp Acquires Cumberland Advisors

January 1, 2026

Financial Services

Mid Penn Bancorp (parent of Mid Penn Bank) completed its acquisition of Sarasota, Florida-based Cumberland Advisors on January 1, 2026. The deal adds a registered investment advisory platform with approximately $3.2 billion in assets under management as of December 31, 2025.

EP Wealth Advisors Acquires Peninsula Wealth, LLC

April 4, 2025

Wealth Management

EP Wealth Advisors has acquired Peninsula Wealth, LLC, adding a San Francisco office and the Peninsula team to its national RIA platform. The deal adds substantial AUM (press releases report more than $660 million; Houlihan Lokey cited over $900 million) and closed on March 31, 2025, with Peninsula founder Rahul Shah joining EP Wealth as Regional Director.

Fiduciary Trust Company International Acquires The Pennsylvania Trust Company

January 22, 2020

Wealth Management

Fiduciary Trust Company International, a global wealth manager and subsidiary of Franklin Resources (Franklin Templeton), agreed to acquire The Pennsylvania Trust Company, an independent, employee-owned wealth management firm based in Radnor, Pennsylvania. The deal expands Fiduciary Trust's presence in the Philadelphia market and enhances its suite of trust, estate, investment and tax planning capabilities for high-net-worth clients; terms were not disclosed and the transaction was expected to close in Franklin Resources' 2020 fiscal third quarter.

Prime Capital Investment Advisors Acquires Earth Equity Advisors

January 5, 2023

Financial Services

Prime Capital Investment Advisors (PCIA) has partnered with and effectively acquired Earth Equity Advisors, adding approximately $151 million in AUM and bringing Earth Equity CEO Peter Krull and his team into PCIA. The move expands PCIA’s sustainable, responsible, and impact investing (SRI) capabilities and broadens its national footprint, while Earth Equity will continue to direct SRI strategies within PCIA.