Equitable (affiliate) to Acquire Stifel Independent Advisors

Equitable Acquires Penn Investment Advisors

August 17, 2022

Financial Services

Equitable announced the acquisition of Penn Investment Advisors (PIA), a registered investment adviser and subsidiary of Penn Community Bank, to advance Equitable’s wealth management growth strategy. The deal is expected to close in the fourth quarter of 2022, and PIA leadership and advisors will join Equitable to continue providing wealth management and advisory services to PIA and Penn Community Bank clients.

Stifel Financial to Acquire Portion of B. Riley Wealth Management Business

November 1, 2024

Wealth Management

B. Riley Financial has signed a definitive agreement to sell a portion of its traditional (W-2) wealth management business to Stifel Financial for an estimated $27 million to $35 million in cash. Approximately 40 to 50 independent advisors (and related customer accounts with $3.5 billion to $4.5 billion in AUM) are expected to transition to Stifel in early 2025, subject to regulatory approvals and closing conditions.

Marshall & Stevens Acquires Equitable Value LLC

October 29, 2024

Professional Services

Marshall & Stevens, an independent valuation advisory and litigation support firm based in Los Angeles, has acquired Equitable Value, LLC, a Clifton Park, New York valuation and expert witness practice. The deal expands Marshall & Stevens' New York presence and adds Equitable Value’s matrimonial accounting, litigation support, and expert witness capabilities to the firm's service offering.

Wealth Enhancement Group Acquires Equius Partners, Inc.

March 29, 2023

Wealth Management

Wealth Enhancement Group has acquired Equius Partners, Inc., a Novato, California-based independent RIA that manages more than $1 billion in client assets. The deal expands Wealth Enhancement Group’s West Coast presence, adding Equius’ team of seven advisors and five support staff and increasing its footprint in Northern California.

IEQ Capital Acquires EPIQ Capital Group to Combine Wealth Advisory and Multi-Family Office

August 27, 2024

Wealth Management

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.

Sequoia Financial Group Acquires Eide Bailly Wealth Management Practice

September 8, 2024

Wealth Management

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.