Solenture Acquires Reedmark Advisors

Edelman Financial Engines Acquires Soundmark Wealth Management

May 13, 2024

Wealth Management

Edelman Financial Engines has acquired Soundmark Wealth Management, a Kirkland, Washington-based registered investment advisory firm managing approximately $453 million in client assets. The deal expands Edelman’s planner capacity and presence in the Pacific Northwest while integrating Soundmark’s team and expertise serving medical and technology professionals and small business owners.

Wealthcare Acquires Sommers Financial Management

January 12, 2023

Wealth Management

Wealthcare Advisory Partners LLC, a NewSpring Holdings platform company and technology-enabled full-service RIA, has acquired Sommers Financial Management, a fee-only registered investment advisor founded in 2002. The deal expands Wealthcare's direct advisory footprint and adds advisors located in Scappoose, Oregon and Tucson, Arizona to its network of more than 150 advisors managing roughly $5 billion in AUM.

Mercer Advisors Acquires Sanford Advisory Services, LLC

May 4, 2022

Wealth Management

Mercer Global Advisors, Inc. has acquired Sanford Advisory Services, LLC, a Portage, Michigan-based wealth management firm managing approximately $1.1 billion in AUM/A and serving about 1,100 clients. The Sanford team of ten professionals, including founders Todd Sanford, Scott Williams and Brent Kerstetter, will join Mercer as the firm expands its Central U.S. presence.

Mercer Advisors Acquires Benemark, Inc.

March 1, 2022

Wealth Management

Mercer Global Advisors (Mercer Advisors) has acquired Benemark, Inc., a Westport, Connecticut-based wealth management firm, expanding Mercer’s presence in the Northeast. Benemark serves approximately 70 clients with about $230 million in AUM; the Benemark team, including founders Robert A. Medvey and Gregg G. Padilla, will join Mercer Advisors as part of the transaction.

Anser Advisory Acquires Markon Solutions

October 12, 2021

Professional Services

Anser Advisory, a portfolio company of Sterling Investment Partners, has acquired Markon Solutions and will operate Markon as a wholly‑owned subsidiary. The combination creates a 650+ employee organization with expanded federal capabilities—particularly in the intelligence community, civilian and defense agencies—and broader geographic presence in the Virginia/Maryland/DC area.

Macquarie Asset Management Acquires Waddell & Reed Financial, Inc.

April 30, 2021

Financial Services

Macquarie Asset Management completed its acquisition of Waddell & Reed Financial, Inc., retaining the asset management business and adding approximately $76 billion in AUM. Concurrently, Macquarie sold Waddell & Reed's wealth management platform to LPL Financial, and the firms entered a long-term strategic partnership.