Tracked deals
73
73 tracked deals across 2020-2026.
Wealth Management Buyers & Acquisitions in California
Buyer mix
Strategic-led
69 strategic · 10 pe
Top trend
Volume peaked in 2025
22 tracked deals announced in 2025.
Primary Insight
What Stands Out
- RIA and advisor-team integrations are a consistent pattern, with buyers bringing existing client relationships and teams into a larger platform.
- West Coast footprint growth shows up frequently, including expansions throughout California’s major metro areas (e.g., San Rafael, Pasadena/Covina, Thousand Oaks, Larkspur, Irvine, Palo Alto, Roseville).
- Expanded planning capabilities are repeatedly called out, including integrated wealth management with tax planning and estate/multigenerational wealth services.
- Retirement advisory and plan-services focus appears in California deals, including acquisitions tied to retirement-plan assets and participant bases.
- Brand and operating-model changes are common in integrations (e.g., target firms rebranding after joining the acquirer’s platform).
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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 |
|---|---|---|---|
| Wealth Enhancement Group | 6 | National independent wealth management firm providing fin... | Strategic |
| Allworth Financial | 3 | Independent registered investment advisor (RIA) and wealt... | Strategic |
| Cerity Partners | 3 | Independent national wealth management and registered inv... | Strategic |
| Hub International Limited | 3 | Full-service global insurance broker and financial servic... | Strategic (PE-backed) |
| MAI Capital Management | 3 | Registered investment adviser and wealth management firm ... | Strategic |
| The Mather Group, LLC | 3 | Fee-only, federally registered wealth management and regi... | Strategic |
| Apella Wealth | 2 | National registered investment advisor providing evidence... | Strategic |
| Carson Group | 2 | Wealth advisory and advisor platform managing $40+ billio... | Strategic |
| Lido Advisors, LLC | 2 | Wealth management and family-office style advisory firm s... | Strategic |
| Mercer Global Advisors, Inc. (Mercer Advisors) | 2 | National registered investment adviser (RIA) and family-o... | Strategic (PE-backed) |
Acquisition Volume in Wealth Management in California by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
October 1, 2026
- Buyer
- Cerity Partners
- Target
- Cornerstone Capital, Inc.
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Cerity Partners announced it has merged with Cornerstone Capital, a Palo Alto-based wealth management firm. The merger deepens Cerity’s Silicon Valley presence and adds approximately $1.4 billion in assets under management, with the combined firms operating under the Cerity Partners name.
-
September 18, 2026
- Buyer
- Apella Wealth
- Target
- Longview Financial Advisors
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Apella Wealth acquired Longview Financial Advisors, a San Rafael, California-based registered investment advisor, for about $384 million in assets under management. The deal closed on September 15, 2026, and Longview founder Tim Harrington and the Longview team joined Apella as part of the transaction.
-
August 18, 2026
- Buyer
- MAI Capital Management
- Target
- OG Private Wealth
- Seller
- Ryan O'Donnell, Mike O'Donnell
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
MAI Capital Management announced the acquisition of OG Private Wealth, a fee-only registered investment adviser with offices in Chico and Hermosa Beach, California. The deal adds approximately $551 million in AUM and brings OG Private Wealth’s planning-first advisory model for entrepreneurs, business owners, and affluent families onto MAI’s platform. Terms were not disclosed, and OG Private Wealth joined MAI effective August 14, 2026.
-
August 14, 2026
- Buyer
- Merit Financial Advisors
- Target
- The Bridgeway Group
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Merit Financial Advisors acquired The Bridgeway Group, a Southern California wealth management firm with approximately $900 million in total assets and offices in Pasadena and Covina. The transaction closed on July 31, 2026, and all Bridgeway employees—including partners Matt Dupon, Sean Montgomery, and Scott Miller—joined Merit, with Bridgeway rebranding as Merit Financial Advisors.
-
July 27, 2026
- Buyer
- LPL Financial
- Target
- Williams Tax & Financial Services
- Seller
- Cetera
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Growth capital
LPL Financial announced that the advisors of Williams Tax & Financial Services have joined its broker-dealer and Registered Investment Advisor platform, leaving Cetera. The team manages approximately $340 million in advisory, brokerage, and retirement plan assets.
-
July 17, 2026
- Buyer
- Indivisible Partners
- Target
- FMB Wealth Management
- Seller
- Debbie Fields, Tom Fields (late), FMB Wealth Management’s existing partners led by Grant Blindbury, FMB Wealth Management’s existing partners led by Danny Mock, FMB Wealth Management’s existing partners led by JJ Fields
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Addon
Indivisible Partners joined with California wealth advisory firm FMB Wealth Management, providing it access to expanded operational, investment, planning, and growth resources while preserving FMB’s existing client relationships and culture. The arrangement follows an internal ownership transition at FMB, with co-founders Debbie Fields and the next-generation leadership team transferring majority ownership to existing partners led by Grant Blindbury, Danny Mock, and JJ Fields.
-
July 10, 2026
- Buyer
- Carson Group
- Target
- Pinnacle Wealth Management
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Carson Group has acquired Pinnacle Wealth Management, a California-based wealth advisory firm. Pinnacle’s team will operate as Carson Wealth and join Carson’s Roseville, California office, bringing approximately $236 million in advisory and brokerage assets.
-
- Buyer
- Mercer Global Advisors, Inc. (Mercer Advisors)
- Target
- Eagleson Arndt Financial Advisors
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Mercer Global Advisors (Mercer Advisors) acquired Eagleson Arndt Financial Advisors, a women-led wealth management firm based in Thousand Oaks, California, with approximately $100 million in assets under management. The deal expands Mercer Advisors’ presence across Ventura County and the broader Greater Los Angeles region and gives Eagleson Arndt clients access to integrated family office services.
-
- Buyer
- Mission Wealth
- Target
- Independent wealth advisory firm(s) in Southern California, Independent wealth advisory firm(s) in the Pacific Northwest
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Addon
Mission Wealth has completed two strategic mergers with independent wealth advisory firms, finalized in May 2026. The acquired firms are based in Southern California and the Pacific Northwest and add more than $1 billion in combined assets under management, along with investment management, tax planning, estate planning, and multigenerational wealth planning capabilities.
-
- Buyer
- Apella Wealth
- Target
- Financial Connections Group
- Seller
- Jill Hollander, Brian Pon, Kai Bogdanovich, Financial Connections Group partners and team
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Apella Wealth acquired Financial Connections Group, a fee-only fiduciary wealth management firm headquartered in Larkspur, California, in order to strengthen its West Coast footprint and expand planning expertise. The deal closed on April 1, 2026, adding about $625 million in client assets and bringing Apella’s AUM to approximately $10.5 billion.
-
February 12, 2026
- Buyer
- CAPTRUST Financial Advisors
- Target
- Alpha Cubed Investments (ACI)
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
CAPTRUST Financial Advisors announced that Alpha Cubed Investments (ACI), a Southern California wealth management firm with approximately $3.8 billion in AUM, joined CAPTRUST in January 2026 and will adopt the CAPTRUST brand. The move expands CAPTRUST’s advisory presence in Southern California and adds ACI’s advisor team and capabilities to CAPTRUST’s platform.
-
January 29, 2026
- Buyer
- Corient
- Target
- Palo Alto Wealth Advisors
- Seller
- Palo Alto Wealth Advisors
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Corient has acquired the business of Palo Alto Wealth Advisors, a Palo Alto, California-based registered investment advisor with $766.7 million in assets under management. The deal brings the Palo Alto team into Corient, deepening Corient's West Coast and Silicon Valley presence and expanding its capabilities serving technology founders and entrepreneurs.
-
December 15, 2025
- Buyer
- Wealth Enhancement
- Target
- Spectrum Wealth Management, Putman Group
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Wealth Enhancement acquired Spectrum Wealth Management, an independent RIA based in Irvine, California, along with its affiliated tax practice Putman Group. The deal expands Wealth Enhancement’s integrated wealth management and tax planning capabilities and increases its presence in California, bringing the firm’s total client assets to more than $131.2 billion.
-
December 12, 2025
- Buyer
- Concurrent Investment Advisors
- Target
- Next Retirement Solutions
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Concurrent Investment Advisors completed the full acquisition of Next Retirement Solutions, a retirement-advisory practice overseeing roughly $10 billion in plan assets and about 150,000 plan participants. The deal brings Next Retirement’s retirement-plan capabilities in-house as Concurrent expands its retirement services and organic growth channels.
-
November 14, 2025
- Buyer
- Mercer Advisors
- Target
- Beach Freeman Lim & Cleland
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Mercer Advisors has acquired Beach Freeman Lim & Cleland (BFLC), a Southern California tax, accounting and business advisory firm, to deepen its tax capabilities and expand its footprint across Los Angeles, Orange County and the Inland Empire. BFLC brings a team of roughly 20 tax professionals across offices in El Segundo, Irvine and Ontario; all BFLC team members will join Mercer Advisors with equity ownership opportunities. Republic Capital Group served as exclusive advisor to Mercer Advisors on the transaction.
-
November 14, 2025
- Buyer
- The Mather Group
- Target
- Napa Wealth Management
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
The Mather Group (TMG), a Chicago-based wealth management firm, announced a partnership with Napa Wealth Management, an RIA based in Napa, California, with just under $300 million in AUM. Napa’s six-person team will join TMG to deepen the firm’s Northern California presence and expand its planning-led wealth management capabilities for high-net-worth clients.
-
October 31, 2025
- Buyer
- MAI Capital Management
- Target
- Evoke Advisors
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
MAI Capital Management has completed its strategic acquisition of Los Angeles-based Evoke Advisors, creating a national RIA platform with roughly 600 employees and about $65 billion in combined AUM. The deal, effective October 31, 2025, brings Evoke leaders into MAI's expanded Office of Managing Partners to accelerate MAI's national footprint and capabilities for ultra-high-net-worth, family office and institutional clients; terms were not disclosed.
-
October 10, 2025
- Buyer
- Mercer Global Advisors, Inc. (Mercer Advisors)
- Target
- SB Capital Management, Inc., Singer Burke Zimmer & Kogan, LLP
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Mercer Global Advisors, a national RIA, has acquired Singer Burke — two Los Angeles-based entities: SB Capital Management, Inc. (an RIA with ~$1.2 billion in client assets) and Singer Burke Zimmer & Kogan, LLP (accounting, tax and business management). The Singer Burke team will join Mercer’s Regis Group to expand Mercer’s ultra-high-net-worth and entertainment/creative professional specialty capabilities.
-
September 12, 2025
- Buyer
- MAI Capital Management
- Target
- Summit Financial Advisors
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
MAI Capital Management has acquired San Mateo-based Summit Financial Advisors, integrating Summit’s advisory team and approximately $570 million in client assets into MAI’s wealth management platform. The deal expands MAI’s presence and capabilities in California—adding Summit’s expertise serving Silicon Valley executives—while Summit’s lead advisor Rafael Velez joins MAI as Regional President and Senior Managing Director.
-
September 9, 2025
- Buyer
- Signature Estate & Investment Advisors (SEIA)
- Target
- Select Money Management (SMM)
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Signature Estate & Investment Advisors (SEIA) announced it has agreed to acquire Select Money Management (SMM), a wealth management firm based in Aliso Viejo, California, with approximately $1.6 billion in assets under management (AUM). The acquisition expands SEIA’s Southern California presence and adds advisors, staff, and a client base, while providing SMM’s clients and advisors with a succession plan and access to SEIA’s scale and resources.
-
August 28, 2025
- Buyer
- Creative Planning, LLC
- Target
- Grassi Investment Management
- Seller
- Grassi Investment Management, Peter E. Grassi
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Creative Planning, a large independent wealth management firm, acquired Santa Clara-based Grassi Investment Management on August 28, 2025, adding five professionals and approximately $1.3 billion in assets under management. The deal expands Creative Planning's West Coast operations and broadens its client service capabilities by integrating Grassi's personalized wealth management team.
-
August 26, 2025
- Buyer
- IronBridge Wealth Counsel
- Target
- Cullen Financial Advisors
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
IronBridge Wealth Counsel announced that Michael Cullen and his team at Cullen Financial Advisors have joined IronBridge, establishing the firm's presence in San Francisco and expanding its advisory capabilities. The combined organization will manage approximately $2.5 billion in assets under advisement and aims to provide expanded technology and planning support while preserving Cullen's client relationships.
-
August 19, 2025
- Buyer
- Mission Wealth Management, LP
- Target
- Hamilton Walker Advisers
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Mission Wealth Management, LP has merged with Hamilton Walker Advisers, a San Francisco–based financial planning firm. The deal expands Mission Wealth's presence in the Bay Area and brings Hamilton Walker's founder, Sarah Hamilton, into Mission Wealth as the firm's 54th equity partner.
-
- Buyer
- Savant Wealth Management
- Target
- Parkworth Wealth Management
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Savant Wealth Management, a Rockford, Illinois–based fee-only registered investment adviser, has acquired Parkworth Wealth Management, a boutique RIA headquartered in Los Gatos, California, that manages approximately $216 million in AUM. The deal closed July 31, 2025; Parkworth principals and staff joined Savant to expand the firm's California presence and deepen its specialization serving technology professionals.
-
- Buyer
- Hub International Limited
- Target
- Veripax Wealth Management, Inc.
- Seller
- Veripax Wealth Management, Inc., Jerry Verseput
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
HUB International Limited has acquired the assets of Veripax Wealth Management, Inc., a fee-based financial planning and investment advisory firm based in Folsom, California. Terms were not disclosed; owner Jerry Verseput, advisor Brian Wells and the VWM team will join Hub Central — Northern California to strengthen Hub's retirement and private wealth capabilities and expand its retirement and wealth management services.
-
- Buyer
- The Mather Group, LLC
- Target
- Pillar Wealth Management Inc.
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
The Mather Group, LLC has entered a strategic alliance and acquisition of Pillar Wealth Management Inc., a Walnut Creek, California-based wealth advisory firm with roughly $200 million AUM. The deal expands TMG’s presence in the San Francisco Bay Area and West Coast while Pillar’s co-principals will continue serving clients locally under TMG’s platform.
-
May 13, 2025
- Buyer
- Hightower Advisors, LLC
- Target
- Lindbrook Capital, LLC
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Growth capital
Hightower Advisors has made a strategic growth investment in Lindbrook Capital, a bicoastal wealth management practice with approximately $3.8 billion in AUM and a ~10-person team. Lindbrook will join Hightower’s advisor community while preserving investment autonomy and gaining access to Hightower’s operational resources to expand client services.
-
- Buyer
- Great Hill Partners
- Target
- Mission Wealth
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Growth capital
Great Hill Partners has made a minority growth investment in Mission Wealth, a Santa Barbara-based wealth management firm. The capital will support Mission Wealth's national expansion, technology investments, and M&A/integration efforts while the firm remains majority employee-owned.
-
April 9, 2025
- Buyer
- Modern Wealth Management
- Target
- Wade Financial Advisory, Planned Asset Management
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Modern Wealth Management has completed the acquisition of Wade Financial Advisory and expects to close on the acquisition of Planned Asset Management, adding roughly $1 billion in AUM and bringing Modern Wealth's assets under management to over $7 billion. The deals establish Modern Wealth's first client-facing offices in California, integrate Wade Financial's tax planning business into Modern Wealth's tax platform, and support a leadership succession plan at Planned Asset Management.
-
April 4, 2025
- Buyer
- EP Wealth Advisors, LLC
- Target
- Peninsula Wealth, LLC
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Addon
EP Wealth Advisors has acquired Peninsula Wealth, LLC, adding a San Francisco office and the Peninsula team to its national RIA platform. The deal adds substantial AUM (press releases report more than $660 million; Houlihan Lokey cited over $900 million) and closed on March 31, 2025, with Peninsula founder Rahul Shah joining EP Wealth as Regional Director.
-
April 1, 2025
- Buyer
- Cerity Partners
- Target
- West Coast Financial
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Cerity Partners, a national independent wealth management firm, announced it is merging with West Coast Financial of Santa Barbara, California. The deal brings West Coast Financial's advisory team and client relationships onto the Cerity Partners platform to expand capabilities and deepen Cerity's presence in Southern California.
-
February 27, 2025
- Buyer
- Great Gray Group
- Target
- Retirement Plan Advisory Group (RPAG)
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Great Gray Group has acquired Retirement Plan Advisory Group (RPAG) to accelerate technology innovation and expand services within the U.S. retirement ecosystem. The acquisition will integrate RPAG's retirement plan practice management platform with Great Gray's onboarding and trustee capabilities, and support investments in technology, distribution and operations to better serve advisors, institutions and plan participants.
-
February 11, 2025
- Buyer
- Carson Group
- Target
- Jerod Wurm & Casey Frye advisory (Roseville, CA)
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Carson Group announced a partnership with Roseville, California advisors Jerod Wurm, CFP and Casey Frye, CFP — a boutique advisory managing $365 million in AUM — which will rebrand as a Carson Wealth office. The advisors will join Carson’s partner network, giving clients access to Carson’s resources and addressing succession and continuity planning for the firm’s practice.
-
January 25, 2025
- Buyer
- Integrated Partners
- Target
- RetirementDNA
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Addon
Integrated Partners, a national RIA serving over $20 billion in assets under advisement, announced that San Diego-based RetirementDNA has joined its network. The deal expands Integrated Partners' West Coast presence and strengthens its retirement plan and private wealth management capabilities by providing RetirementDNA access to Integrated's institutional resources and CPA alliance program.
-
December 10, 2024
- Buyer
- Lido Advisors, LLC
- Target
- Avitas Wealth Management, LLC
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Lido Advisors, a Los Angeles-based wealth advisory firm with about $24 billion in RAUM, announced it will merge in Avitas Wealth Management, a Southern California RIA with more than $1.1 billion in RAUM. The Avitas lead partners will join Lido, strengthening Lido's Los Angeles presence and expanding its multigenerational family wealth capabilities.
-
December 3, 2024
- Buyer
- Allworth Financial
- Target
- Ryan Wealth Management
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Allworth Financial has acquired Ryan Wealth Management, an RIA with offices in Yuba City, California and Spokane, Washington, bringing approximately $500 million in AUM and over 800 client households onto Allworth's platform. The deal expands Allworth's presence in Northern California and the Pacific Northwest and adds Ryan Wealth's retirement and investment advisory expertise to Allworth's nationwide RIA footprint.
-
November 4, 2024
- Buyer
- Aspen Standard Wealth, Alpine Investors
- Target
- Summitry
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Addon
Aspen Standard Wealth, a permanent RIA partnership backed by Alpine Investors, has acquired Summitry, a San Francisco Bay Area registered investment adviser with $2.8 billion in AUM. The deal brings Summitry into Aspen’s long-term, non-resale partnership model to support growth, people development, and continued client service.
-
- Buyer
- Stifel Financial Corp.
- Target
- B. Riley Financial, Inc. (portion of traditional (W-2) Wealth Management business)
- Seller
- B. Riley Financial, Inc.
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Divestiture
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.
-
October 16, 2024
- Buyer
- Pathstone, Kelso & Company, Lovell Minnick Partners, Pathstone management
- Target
- Hall Capital Partners (Hall Capital)
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Pathstone, a partner-owned RIA backed by Kelso & Company and Lovell Minnick Partners, has agreed to acquire Hall Capital Partners to expand its investment capabilities and national footprint. Hall Capital brings roughly $45 billion in assets under advisement, about 180 team members across San Francisco and New York, and the deal will be supported by additional capital from Kelso, Lovell Minnick and Pathstone management.
-
September 11, 2024
- Buyer
- Simplicity Group Holdings, Inc.
- Target
- benefitRFP, Inc.
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Simplicity Group Holdings, Inc. has acquired benefitRFP, Inc., a Sacramento-based provider of executive benefit plan solutions and related technology. As part of the deal, benefitRFP founder Bob Nienaber joins Simplicity as a partner; the acquisition expands Simplicity's product offerings and technology capabilities for institutional and advisor clients.
-
August 12, 2024
- Buyer
- NFP
- Target
- Harabedian, Hall & Co.
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
NFP acquired Los Angeles-based business management firm Harabedian, Hall & Co. and will integrate the practice into its Ground Control Business Management division. Principals Rob Harabedian and Allen Freiman will join NFP as managing directors to expand Ground Control's business-management, tax and estate planning capabilities for high-net-worth and entertainment clients.
-
August 8, 2024
- Buyer
- Hub International Limited
- Target
- Clark 401k Consulting, LLC
- Seller
- Clark 401k Consulting, LLC
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Hub International Limited has acquired the assets of Clark 401k Consulting, LLC, a Los Gatos, California-based independent 401(k) consulting and fiduciary processes firm. The Clark team, led by Christopher Clark, will join Hub's Retirement and Private Wealth practice to strengthen Hub's retirement services in Central & Northern California; terms were not disclosed.
-
June 17, 2024
- Buyer
- Allworth Financial
- Target
- Del Monte Group
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Allworth Financial has acquired Del Monte Group, a Walnut Creek, California RIA managing over $220 million in assets. Richard Del Monte and two support staff will transition to Allworth; terms were not disclosed. The deal expands Allworth's California footprint to 18 locations and is the firm's fifth acquisition of the year.
-
- Buyer
- LPL Financial LLC
- Target
- Crown Capital Securities, L.P.
- Seller
- Crown Capital Securities, L.P.
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
LPL Financial has closed its acquisition of the wealth management business of Crown Capital Securities, L.P., a full-service broker-dealer and registered investment advisor based in Orange County, California. Approximately 125 advisors representing about $1.3 billion of brokerage and advisory assets have been onboarded to LPL as of May 8, 2024, with roughly $3.7 billion expected to transfer in the coming months.
-
- Buyer
- Mathis Wealth Management
- Target
- RH Wealth Advisors
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Mathis Wealth Management, a Phoenix-based financial planning and wealth management firm, has acquired RH Wealth Advisors, a Ventura, California wealth management practice. The transaction expands Mathis's geographic footprint into California and aims to ensure continuity of service for RH Wealth Advisors' clients; financial terms and seller details were not disclosed.
-
- Buyer
- Peloton Capital Management
- Target
- Trilogy Financial Services
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Growth capital
Peloton Capital Management, a Toronto-based private equity firm, made a strategic minority investment in Trilogy Financial Services, an Irvine, California-based wealth management and financial planning firm. Trilogy's founder Jeff Motske remains majority shareholder and CEO; the capital will be used to accelerate Trilogy's M&A strategy, organic growth, and expand client/advisor services. Concurrently, Trilogy completed acquisitions of Flagship Wealth Management and Horizon Wealth Management, bringing Trilogy to approximately $4.0 billion in AUM.
-
March 4, 2024
- Buyer
- NorthRock Partners
- Target
- Minkoff Wealth Partners
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
NorthRock Partners has acquired San Francisco-based Minkoff Wealth Partners and opened its first California office. The deal brings a team of seven advisors and 11 staff and adds more than $700 million in AUM to NorthRock’s roughly $6 billion platform, extending its Personal Office integrated wealth-advice model into the Bay Area.
-
January 2, 2024
- Buyer
- Mariner Wealth Advisors
- Target
- Confluence Financial Planning
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Mariner Wealth Advisors acquired Confluence Financial Planning on Dec. 31, adding a Sacramento office and roughly $360 million in client assets to Mariner's platform. Confluence, founded in 1983, retained its six associates and will operate under the Mariner Wealth Advisors name as the firm's first Sacramento location.
-
December 5, 2023
- Buyer
- Constellation Wealth Capital
- Target
- AlphaCore Wealth Advisory
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Growth capital
Constellation Wealth Capital has made a strategic minority investment in AlphaCore Wealth Advisory to provide growth capital. The funding will support AlphaCore’s expansion plans — including hiring and pursuing strategic mergers and acquisitions — while CWC will provide capital and strategic advisory support to the wealth management platform.
-
October 12, 2023
- Buyer
- Wealth Enhancement Group
- Target
- KCS Wealth Advisory, LLC
- Industry
- Wealth Management
- Location
- California, United States
- Type
- Buyout
Wealth Enhancement Group, a national independent wealth management firm, has acquired KCS Wealth Advisory, LLC, a Los Angeles-based independent RIA led by Laura Gilman and Ken Waltzer, bringing approximately $373 million in client assets. The acquisition adds one Los Angeles-area office and increases Wealth Enhancement Group's total client assets to more than $70.5 billion while providing succession and expanded resources for the KCS team.
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Frequently Asked Questions
What types of firms are most often buying in California wealth management deals?
Recurring buyers include wealth management and advisory platforms such as Apella Wealth, Wealth Enhancement Group, Allworth Financial, CAPTRUST Financial Advisors, Carson Group, LPL Financial, Mercer Advisors, and Hub International Limited.
Are acquisitions typically focused on RIAs or retirement advisory practices?
Both appear. Many deals center on registered investment advisors and their advisor teams, while others explicitly target retirement-advisory capabilities and retirement plan relationships.
Where in California do these deals tend to be concentrated?
The listed transactions span Northern and Southern California locations, including San Rafael, Pasadena/Covina, Thousand Oaks, Larkspur, Irvine, Palo Alto, Roseville, and Ventura County (as described in deal summaries).
What kinds of capabilities are acquirers trying to add?
Commonly cited additions include integrated wealth management and planning (including tax planning and estate/multigenerational wealth planning) and enhanced retirement services, along with operational and investment/planning resources.
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