Tracked deals
34
34 tracked deals across 2017-2026.
Financial Services Buyers & Acquisitions in Maryland
Buyer mix
Strategic-led
32 strategic · 4 pe
Top trend
Volume peaked in 2025
10 tracked deals announced in 2025.
Primary Insight
What Stands Out
- Platform integration is a recurring setup: several buyers bring acquired Maryland practices onto their national or broader regional platforms.
- Wealth management & RIA rollups dominate, including both boutique, family-led teams and larger Mid-Atlantic practices.
- Tax- and retirement-aligned advisory shows up explicitly in multiple deals (e.g., tax-integrated wealth management and retirement/tax planning capabilities).
- Insurance agency consolidation also appears, such as acquisitions intended to expand Maryland-area presence and insurance lines.
- Geographic clustering centers on Maryland locations including Towson, Rockville, Baltimore, Chevy Chase, and Hunt Valley—often tied to Mid-Atlantic/D.C. expansion narratives.
| Buyer (recurring) | Where expansion is framed | Common deal type |
|---|---|---|
| Mercer Advisors / Mercer Global Advisors | Mid-Atlantic and greater Washington, D.C. | RIA acquisitions |
| Wealth Enhancement Group / Hub International Limited | Broader regional presence | Financial services acquisitions |
| World Insurance Associates | Maryland-area expansion | Insurance agency acquisition |
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Comvest Partners | 2 | Operationally-focused middle-market private investment fi... | PE |
| Hub International Limited | 2 | Global insurance brokerage and financial services firm pr... | Strategic (PE-backed) |
| Wealth Enhancement Group | 2 | National independent wealth management firm providing com... | Strategic |
| Accenture | 1 | Global professional services company providing strategy, ... | Strategic |
| AlphaCore Wealth Advisory | 1 | Independent registered investment advisory firm providing... | Strategic |
| Atlantic Union Bankshares Corporation | 1 | Regional bank holding company providing banking services ... | Strategic |
| Atria Wealth Solutions, Inc. | 1 | Multi-channel wealth management holding company operating... | Strategic |
| BRP Group, Inc. | 1 | Independent insurance distribution firm delivering tailor... | Strategic |
| Beacon Pointe Advisors | 1 | National registered investment adviser (RIA) providing we... | Strategic |
| Ensurise, LLC | 1 | Independent insurance advisory/brokerage focused on risk ... | Strategic |
Acquisition Volume in Financial Services in Maryland by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Merit Financial Advisors
- Target
- Towson Wealth Management, LLC
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Merit Financial Advisors acquired Towson Wealth Management, a Towson, Maryland wealth management firm overseeing about $502.5 million in total client assets. The deal, finalized July 17, 2026, expands Merit’s Mid-Atlantic presence and brings Towson’s CEO and entire four-person team into Merit, with Towson rebranding as Merit Financial Advisors.
-
- Buyer
- World Insurance Associates LLC
- Target
- Still Creek Insurance
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Addon
World Insurance Associates LLC acquired the business of Still Creek Insurance, a Rockville, Maryland–based insurance agency, effective March 1, 2026. Terms of the transaction were not disclosed. The acquisition is positioned as an expansion of World’s presence in the Maryland area and an increase in lines of insurance offered to clients.
-
- Buyer
- Waverly Advisors, LLC, Waverly Business Services, LLC
- Target
- WealthPlans, LLC, Cooley & Associates, P.C.
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Waverly Advisors acquired WealthPlans, LLC, a wealth management firm based in Frederick, Maryland, strengthening its presence in the Mid-Atlantic region. As part of the deal, Waverly’s affiliate, Waverly Business Services, acquired WealthPlans’ affiliate Cooley & Associates, P.C., a tax preparation and accounting services business also based in Frederick.
-
April 7, 2026
- Buyer
- Ensurise, LLC
- Target
- WSMT Insurance
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Ensurise, LLC and WSMT Insurance announced their merger effective March 31, 2026. The partnership is intended to significantly expand Ensurise’s presence in the Mid-Atlantic region by combining WSMT Insurance’s scale and leadership expertise with Ensurise’s existing Greater Washington and Mid-Atlantic footprint.
-
December 15, 2025
- Buyer
- MAI Capital Management
- Target
- Lowe Wealth Advisors
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
MAI Capital Management has acquired Columbia, Maryland-based Lowe Wealth Advisors, a registered investment advisor with $527 million in assets under management. The deal expands MAI’s footprint in the Mid-Atlantic — adding Lowe’s nine-person, boutique, family-led practice and its niche client base while transitioning the firm onto MAI’s national platform; terms were not disclosed.
-
December 13, 2025
- Buyer
- Mercer Global Advisors, Inc. (Mercer Advisors)
- Target
- Glass Jacobson Wealth Advisors
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Mercer Advisors, a Denver-based national RIA, has acquired Glass Jacobson Wealth Advisors, a Baltimore-based wealth management firm overseeing approximately $1 billion in assets under management. The deal expands Mercer's Mid-Atlantic footprint and brings Glass Jacobson's tax-integrated wealth management capabilities onto Mercer's national platform.
-
October 27, 2025
- Buyer
- AlphaCore Wealth Advisory
- Target
- SPC Financial, Inc.
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
AlphaCore Wealth Advisory has announced the acquisition of SPC Financial, a Rockville, Maryland-based wealth advisory and tax services firm. The deal adds about $1.5 billion in client assets and nearly 40 professionals, expanding AlphaCore’s East Coast footprint and strengthening integrated tax-wealth planning capabilities.
-
October 23, 2025
- Buyer
- Federated Hermes, Inc.
- Target
- FCP Fund Manager, L.P., Federated Hermes FCP Manager, LLC
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Federated Hermes, Inc. agreed to acquire an 80% majority interest in FCP Fund Manager, L.P. (FCP), a U.S. multifamily real estate investment manager based in Chevy Chase, Maryland. The transaction (up to $331 million) is intended to expand Federated Hermes’ private markets/alternatives and grow its U.S. real estate capabilities, while FCP’s team continues to manage portfolios from existing locations.
-
September 15, 2025
- Buyer
- Beacon Pointe Advisors
- Target
- The Family Firm
- Seller
- The Family Firm, Kate Fries, Stacy Bakri
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Beacon Pointe Advisors has acquired The Family Firm, a Bethesda-based registered investment adviser managing $857 million in assets and a 10-person team. The deal, which closed on September 15, 2025, raises Beacon Pointe's assets under advisement to approximately $49 billion and strengthens its Mid-Atlantic/D.C. presence and women's advisory capabilities.
-
- Buyer
- Mercer Global Advisors, Inc.
- Target
- Tufton Capital Management, LLC
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Addon
Mercer Global Advisors, a national RIA majority‑owned by private equity firms, has acquired Hunt Valley, Maryland–based Tufton Capital Management. The deal expands Mercer’s footprint in the greater Washington, D.C./Mid‑Atlantic market and brings approximately $800 million of Tufton client AUM onto Mercer’s platform, increasing Mercer’s regional client assets to about $3 billion.
-
April 23, 2025
- Buyer
- Islamorada Investment Management
- Target
- Picket Fence Financial
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Islamorada Investment Management (IIM) has acquired Picket Fence Financial and the combined firm will rebrand as Bastion Fiduciary. The deal creates a fee-only, SEC-registered advisory with roughly $110 million AUM and a multi-office footprint, combining IIM's value-investing strategies with expanded financial planning and retirement/tax capabilities from Picket Fence Financial.
-
April 1, 2025
- Buyer
- Atlantic Union Bankshares Corporation
- Target
- Sandy Spring Bancorp, Inc.
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Atlantic Union Bankshares Corporation completed its previously announced merger to acquire Sandy Spring Bancorp, Inc. in an all-stock transaction. The deal creates the largest regional banking franchise headquartered in the lower Mid-Atlantic and strengthens Atlantic Union’s presence across Virginia and Maryland.
-
January 30, 2025
- Buyer
- Pitcairn (Pitcairn Financial Group LLC)
- Target
- Brightside Partners
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Pitcairn, a long-established family office based in Conshohocken, Pennsylvania, has acquired Baltimore-based Registered Investment Advisor Brightside Partners and launched a new RIA, Pitcairn Wealth Advisors LLC. The acquisition expands Pitcairn’s alternative investments platform—adding Brightside’s network of more than 100 asset managers—and increases Pitcairn’s advised assets to over $9 billion.
-
- Buyer
- Homrich Berg (HB Wealth Management)
- Target
- WMS Partners
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
HB Wealth Management (Homrich Berg) has closed its acquisition of WMS Partners, a $6.4 billion AUM multi-family office and registered investment adviser headquartered in Towson, Maryland. The deal integrates WMS into HB Family Office, expanding HB’s mid-Atlantic footprint and enhancing its family office service offerings for ultra-high-net-worth families.
-
December 2, 2024
- Buyer
- SageView Advisory Group
- Target
- OnTrack 401(k) of Maryland
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
SageView Advisory Group has acquired OnTrack 401(k) of Frederick, Maryland, a retirement plan consulting practice with approximately $400 million in Assets Under Advisement serving over 90 institutional clients. The acquisition, which closed on December 2, 2024, brings OnTrack principals Doug O'Rear and Cindy Brown into SageView and expands SageView’s East Coast presence with a second Maryland office.
-
November 21, 2024
- Buyer
- Modera Wealth Management, LLC (Modera)
- Target
- Bay Point Wealth
- Seller
- Bill Hufnell (Bay Point Wealth founder and principal)
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Modera Wealth Management, a fee-only comprehensive wealth management firm, announced its acquisition of Bay Point Wealth, a registered investment adviser with offices in Annapolis and Stevensville, Maryland. Bay Point Wealth’s founder and principal said transferring ownership to Modera will enhance capabilities and improve services for Bay Point’s clients.
-
May 30, 2024
- Buyer
- Lenox Advisors, Inc.
- Target
- Martin/Wight & Company, LLC
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Lenox Advisors, an affiliate of NFP (an Aon company), has acquired Martin/Wight & Company, LLC, a Hunt Valley, Maryland-based insurance and financial services firm that specializes in serving medical professionals. The deal expands Lenox Advisors' footprint in the Mid-Atlantic and brings an $800M Maryland practice and the firm's founders, Brian Martin and Ted Wight, into Lenox as partners.
-
- Buyer
- Wealth Enhancement Group
- Target
- Lynch Retirement Investment Group
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Wealth Enhancement Group, a national independent wealth management firm, announced that the Lynch Retirement Investment Group team in Columbia, Maryland has joined the firm. The six-person team led by John Lynch manages over $502 million in client assets and will expand Wealth Enhancement Group's presence in Maryland.
-
February 12, 2024
- Buyer
- Comvest Partners
- Target
- ClearOne Advantage, LLC
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Growth capital
Comvest Partners completed a new growth capital investment in ClearOne Advantage, a Baltimore-based consumer debt settlement services provider. Comvest has been a capital provider to ClearOne since 2017 and said the new investment will help ClearOne capitalize on industry tailwinds and support its strategic growth plans.
-
- Buyer
- J.C. Flowers & Co. LLC
- Target
- Capital Funding Bancorp, Inc. (CFG Bank)
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Growth capital
J.C. Flowers & Co. has completed a $125 million all-primary equity investment (expandable to $165 million) for a minority stake in Capital Funding Bancorp, Inc., the holding company for Baltimore-based CFG Bank. The growth-capital investment will support CFG Bank’s expansion of its national healthcare and multifamily lending businesses and bolster the bank’s ongoing growth trajectory.
-
- Buyer
- Hub International Limited
- Target
- AFS 401(k) Retirement Services, LLC, AFS Financial Group, LLC
- Seller
- AFS 401(k) Retirement Services, LLC, AFS Financial Group, LLC
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Hub International Limited has acquired the assets of AFS 401(k) Retirement Services, LLC and AFS Financial Group, LLC, two Bethesda, Maryland-based retirement plan consulting and wealth management firms. The acquisition will expand Hub's Retirement and Private Wealth capabilities and integrate the AFS team into Hub's Mid-Atlantic practice; terms were not disclosed.
-
September 12, 2023
- Buyer
- Comvest Partners
- Target
- ClearOne Advantage, LLC
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Growth capital
Comvest Partners completed a growth capital investment in ClearOne Advantage, a Baltimore-based debt resolution services provider, providing follow-on financing to support the company’s growth initiatives. Comvest has been a capital provider to ClearOne since 2017 and will continue supporting ClearOne as it expands its debt settlement services amid rising consumer debt.
-
September 5, 2023
- Buyer
- Atria Wealth Solutions, Inc.
- Target
- Grove Point Financial, LLC
- Seller
- Kestra Holdings
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Atria Wealth Solutions has completed the acquisition of Grove Point Financial, a Rockville, Maryland-based independent wealth management firm. The deal brings approximately 400 independent financial professionals and about $15 billion of assets under administration to Atria, expanding its advisor network and scale across its multi-channel wealth management platform.
-
August 4, 2023
- Buyer
- TradeZero USA Inc., TradeZero Holding Corp.
- Target
- Koonce Securities LLC
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
TradeZero USA Inc., a subsidiary of TradeZero Holding Corp., completed the acquisition of Koonce Securities LLC on August 4, 2023. The purchase gives TradeZero in-house clearing capabilities, enabling its broker-dealer subsidiaries to self-clear trades and improving client experience and operational control.
-
October 4, 2022
- Buyer
- Stewart Information Services Corporation
- Target
- FNC Title Services, LLC, FNC Title of California
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Stewart Information Services Corporation acquired FNC Title Services, LLC, a Rockville, Maryland-based title and settlement company specializing in reverse mortgage closings. The deal also included an agreement to acquire FNC Title of California pending regulatory approval; FNC will operate as a standalone business to strengthen Stewart's lender services and reverse-mortgage capabilities.
-
September 27, 2022
- Buyer
- MAI Capital Management, LLC
- Target
- Prime Investment Advisors
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Addon
Cleveland-based MAI Capital Management acquired Bethesda-based Prime Investment Advisors, adding approximately $140 million in assets under management and expanding MAI's Mid-Atlantic footprint. Founder Stephen Polan will join MAI as Senior Wealth Advisor and Managing Director; the deal is MAI's ninth since Galway Holdings acquired MAI in 2021.
-
- Buyer
- Rosedale Federal Savings & Loan Association
- Target
- CBM Bancorp, Inc. (Chesapeake Bank of Maryland)
- Seller
- CBM Bancorp stockholders
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Rosedale Federal Savings & Loan Association completed its acquisition of CBM Bancorp, Inc. (Chesapeake Bank of Maryland) effective July 7, 2022, paying $17.75 per share in cash for aggregate consideration of about $64.4 million. The merger increases Rosedale Federal’s assets to roughly $1.3 billion, expands its footprint in Maryland, and will complete systems integration by August 29, 2022.
-
- Buyer
- Integrity Marketing Group
- Target
- Maryland Life Insurance Services (FFL National)
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Addon
Integrity Marketing Group has acquired Maryland Life Insurance Services (also known as FFL National), an independent marketing organization (IMO) headquartered in Bel Air, Maryland. The founders, Frank and Jaime Eufemia, will join Integrity's partner network (Frank as a Managing Partner); the deal strengthens Integrity's insurance distribution footprint and gives Maryland Life access to Integrity's insurtech platform and centralized services.
-
January 6, 2022
- Buyer
- Hub International Limited
- Target
- Raffa Financial Services, Inc.
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Hub International Limited acquired Raffa Financial Services, Inc., a Rockville, Maryland-based employee benefits and retirement plan advisory firm. The deal will fold Raffa’s team into Hub Mid-Atlantic to expand Hub’s employee benefits and retirement advisory capabilities across the Maryland, Virginia and Washington, D.C. markets; terms were not disclosed.
-
October 5, 2021
- Buyer
- UniversalCIS, Lovell Minnick Partners
- Target
- Credit Plus
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
UniversalCIS and Credit Plus have merged to form the largest technology-enabled provider of credit data and verification solutions in the North American mortgage market, serving over 6,500 clients. The combined business—backed by Lovell Minnick Partners' earlier investment—will employ more than 750 people, be headquartered in Philadelphia, and keep existing operations centers across 12 states; financial terms were not disclosed.
-
August 5, 2021
- Buyer
- Wealth Enhancement Group
- Target
- Serafini Financial Group
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Wealth Enhancement Group, a Greater Minneapolis-based independent wealth management firm, has acquired Serafini Financial Group, a hybrid RIA based in Hagerstown, Maryland with 12 employees, four financial advisors and $853 million in client assets. The deal expands Wealth Enhancement Group's presence in the Mid-Atlantic and increases its total client assets to over $39 billion.
-
August 2, 2021
- Buyer
- BRP Group, Inc.
- Target
- The Capital Group (TCG Financial Holding Company, LLC)
- Seller
- TCG Financial Holding Company, LLC (and certain subsidiaries)
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
BRP Group, Inc. (NASDAQ: BRP) has acquired substantially all assets of TCG Financial Holding Company, LLC, which operates as The Capital Group, a Bethesda-based provider of employee benefits consulting, retirement plan consulting, wealth advisory and commercial insurance brokerage services. The transaction adds over 50 colleagues and deepens BRP Group's capabilities in employee benefits, wealth advisory and retirement consulting while increasing scale in the D.C. Metro region and key end markets such as government contracting, technology and non-profits.
-
January 28, 2020
- Buyer
- Risk Strategies
- Target
- Weaver Bros. Insurance Associates, Inc.
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Risk Strategies, a privately held national insurance brokerage, has acquired Weaver Bros. Insurance Associates, Inc., a Bethesda, Maryland-based commercial insurance brokerage with specialties in embassy and diplomatic risk. Terms were not disclosed; the deal expands Risk Strategies' Mid-Atlantic footprint and adds Weaver Bros.' specialty public-entity and risk-management capabilities.
-
March 23, 2017
- Buyer
- Accenture
- Target
- First Annapolis Consulting, Inc.
- Industry
- Financial Services
- Location
- Maryland, United States
- Type
- Buyout
Accenture has agreed to acquire First Annapolis Consulting, a payments-focused advisory firm headquartered in Annapolis, Maryland, to expand Accenture’s consulting and digital capabilities in the payments sector. Financial terms were not disclosed; the acquisition is expected to close subject to customary conditions.
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Frequently Asked Questions
Which types of financial services deals appear in Maryland?
The page focuses on acquisitions in wealth management and registered investment advisers (RIAs), plus at least one insurance agency acquisition and a multifamily real estate investment manager interest transaction.
Do buyers in Maryland acquisitions tend to integrate acquired firms onto larger platforms?
Yes—several transactions describe onboarding the acquired practice onto the buyer’s broader national or platform footprint, sometimes including a rebrand (e.g., Towson’s transition to Merit Financial Advisors).
What client-services themes are mentioned in Maryland wealth management deals?
Tax- and retirement-related capabilities are highlighted in multiple deals, including tax-integrated wealth management and expanded financial planning and retirement/tax capabilities.
Are insurance acquisitions included alongside wealth management in Maryland?
Yes. For example, World Insurance Associates LLC acquired Still Creek Insurance in Rockville, Maryland, and the transaction was positioned as an expansion of the buyer’s Maryland-area presence and insurance lines offered to clients.
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