WA Asset Management Acquires Clark Financial Advisors

Modern Wealth Management Acquires AWA Wealth Management

September 25, 2026

Financial Services

Modern Wealth Management has acquired AWA Wealth Management, a registered investment advisory firm based in Auburn, California, managing approximately $290 million in client assets. The deal expands Modern Wealth’s presence in Northern California and provides AWA with additional resources for estate/trust planning, tax capabilities, retirement planning expertise, and advisor succession and development.

Raymond James Financial Acquires Clark Capital Management Group

January 16, 2026

Financial Services

Raymond James Financial announced and later completed the acquisition of Clark Capital Management Group, an asset manager focused on wealth-oriented solutions. Clark Capital will keep its brand and operate as an independent boutique investment manager within Raymond James Investment Management, leveraging Raymond James’ scale, resources, and advisor distribution capabilities.

MCF Advisors Acquires Accredited Wealth Management

December 12, 2025

Financial Services

Lexington-based MCF Advisors LLC has acquired Louisville fee-only Registered Investment Adviser Accredited Wealth Management LLC, adding $178 million of AUM and expanding MCF's presence in the Louisville market. The founders of AWM, Steve Giacobbe and Shawn Clark, joined MCF as Senior Financial Advisors and Partners; the deal is MCF's first transaction since taking an equity investment from Wealth Partners Capital Group and the Aspire Holdings platform of HGGC, and increases MCF's AUM to about $3.9 billion.

CW Advisors Acquires Mercadien Asset Management

July 18, 2024

Financial Services

CW Advisors (CWA), a Boston-based SEC-registered investment advisor, has acquired Mercadien Asset Management, an RIA based in Hamilton, New Jersey. Terms were not disclosed; the deal expands CWA's Mid-Atlantic footprint and is the third acquisition since CWA partnered with Audax Private Equity in June 2023.

CW Advisors Acquires Cubic Asset Management

June 30, 2024

Financial Services

Boston-based CW Advisors (CWA), a PE-backed registered investment advisor, has acquired Cubic Asset Management, an independent Boston-based account management firm, adding over $700 million of AUM to CWA. The deal is an add-on to CWA's platform (which is partnered with Audax Private Equity) and is intended to expand CWA's investment capabilities and client servicing for high-net-worth and ultra-high-net-worth clients.

WA Asset Management Acquires BT Wealth Management

June 30, 2022

Financial Services

WA Asset Management (WAAM), a Birmingham-based registered investment adviser, has acquired BT Wealth Management (BTWM), the wealth management division of Bennett Thrasher, LLP. The deal brings BTWM's 14-person team and approximately $1 billion in AUM into WAAM and establishes a strategic foothold for WAAM in Georgia (Atlanta and Savannah) to support further regional growth.