Raymond James to Acquire Clark Capital Management Group

Raymond James Acquires TriState Capital Holdings for About $1.1 Billion

October 20, 2021

Financial Services

Raymond James Financial entered into a definitive agreement to acquire TriState Capital Holdings in a cash-and-stock transaction valued at approximately $1.1 billion. TriState Capital would continue operating as a separately branded firm and stand-alone division within Raymond James, including an independently chartered bank subsidiary. The acquisition was completed on May 31, 2022.

CW Advisors Acquires Capital Management Services and CHB Investment Group

September 3, 2025

Financial Services

CW Advisors, an SEC‑registered investment advisor and subsidiary of Osaic, has acquired two Pennsylvania RIAs — Capital Management Services (CMS) and CHB Investment Group — adding $575 million in assets under management. The deals expand CW Advisors’ presence in Pennsylvania and increase its AUM to approximately $14.5 billion; terms were not disclosed.

WA Asset Management Acquires Clark Financial Advisors

April 4, 2022

Wealth Management

WA Asset Management (WAAM), a Birmingham-based registered investment adviser, has acquired Clark Financial Advisors, a fee-only investment management and financial planning firm based in Birmingham, Alabama. The deal closed March 31, 2022, will add approximately $270 million of assets under management to WAAM, and brings the entire CFA team into WAAM; WAAM previously received a strategic growth investment from Wealth Partners Capital Group and HGGC in December 2021.

Wealth Enhancement Group Acquires M&R Capital Management, Inc.

November 7, 2024

Financial Services

Wealth Enhancement Group has acquired M&R Capital Management, an independent RIA based in Summit, New Jersey that manages over $536 million in client assets. The three-advisor team (plus three support staff) will join Wealth Enhancement Group to access its centralized services and expand the firm's presence in New Jersey.

Sequoia Financial Group Acquires Carlson Capital Management

January 29, 2025

Financial Services

Sequoia Financial Group has agreed to acquire Carlson Capital Management (CCM), a Northfield, Minnesota-based wealth manager with $3.8 billion in client assets. The deal was expected to close on March 31 and has since been completed, expanding Sequoia’s national footprint and adding internal tax planning and preparation capabilities.

Creative Planning Acquires Rosen Capital Management

June 10, 2022

Wealth Management

Creative Planning LLC has acquired Rosen Capital Management, a Macon, Georgia-based wealth management firm managing $114 million in AUM and bringing two employees (including CEO Glenn Rosen) into Creative Planning. The deal expands Creative Planning’s footprint in Georgia; Incap (Baltimore) served as financial advisor to Rosen Capital Management.