Wealth Management Acquisitions in California

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Wealth Enhancement Group has acquired Equius Partners, Inc., a Novato, California-based independent RIA that manages more than $1 billion in client assets. The deal expands Wealth Enhancement Group’s West Coast presence, adding Equius’ team of seven advisors and five support staff and increasing its footprint in Northern California.

Wealth Enhancement Group, a national independent wealth management firm, acquired Prozan Financial Services, a Walnut Creek, California-based hybrid RIA that oversees about $190 million in client assets. The deal expands Wealth Enhancement Group's presence in Northern California and brings Prozan's founder Larry Prozan and key staff into the Wealth Enhancement team.

Parallel Advisors completed a recapitalization led by its management team and Golden Gate Capital to accelerate organic growth and M&A. In connection with the investment, Parallel acquired AUTUS Asset Management, bringing the combined firm to approximately $5.7 billion in AUM, and prior minority investor Emigrant Partners fully exited.

Wealth Enhancement Group, a national independent wealth management firm, has acquired BTR Capital Management, Inc., an Oakland-based independent RIA that manages more than $1 billion in client assets. The acquisition expands Wealth Enhancement Group’s presence in Northern California (bringing WEG to nine offices in the region) and adds BTR’s team of nine advisors and five support staff to WEG’s platform.

Choreo, an independent registered investment adviser, has agreed to acquire Enso Wealth Management, a Petaluma, California-based RIA managing about $1.8 billion in client assets. The deal expands Choreo's West Coast footprint and increases its assets under management to approximately $13.5 billion; terms were not disclosed and the acquisition is expected to close before year-end.

Apollon Wealth Management announced the addition of the Westside Wealth Management team, led by Seth Radow, Luke Dillon and Kirk Aguer, with offices in Los Angeles, California and Nashville, Tennessee. The Westside team, formerly with Raymond James, joins Apollon to provide wealth management and fiduciary services to high-net-worth individuals, multi-generational families and corporate retirement plans.

Lido Advisors LLC has closed its acquisition of Enterprise Trust & Investment Company (ETIC), a California-chartered trust company headquartered in Los Gatos. The deal expands Lido's wealth management capabilities by adding ETIC's trust and fiduciary services to Lido's comprehensive wealth planning offering; financial terms were not disclosed.

The Mather Group, LLC (TMG), a Chicago-based fee-only wealth management firm, has acquired HC Financial Advisors Inc., a Lafayette, California registered investment adviser with approximately $478 million in AUM as of July 31, 2022. The HC principals and team joined TMG, expanding TMG's Bay-area footprint and enabling enhanced services and technology for HC's high-net-worth clients.

Defined Financial Planning of Alameda, California has acquired Annadel Capital of San Rafael. The deal combines the two independent financial advisory firms to expand client services—providing Annadel clients access to Defined Financial Planning’s holistic retirement planning system and Defined clients access to CPA services—and supports succession planning for Annadel’s owners.

Wealth Enhancement Group has acquired Napa Valley Wealth Management and TrueNote Investment Advisors, two Northern California RIAs led by Kelly Crane that collectively oversee more than $400 million in client assets. The firms, headquartered in St. Helena, California with additional offices in Walnut Creek and El Cerrito, will join Wealth Enhancement Group and operate as the InConcert Napa Valley Team as the deal closes on March 31.

KKR has made a growth investment in Beacon Pointe, the parent company of Beacon Pointe Advisors, with Beacon Pointe management retaining a majority ownership stake and Abry Partners exiting. The capital will support Beacon Pointe's national expansion, technology and personnel investments, and accelerate its M&A strategy across the U.S.

HUB International Limited has acquired the assets of GRP Financial California, LLC; terms were not disclosed. The San Clemente-based retirement plan consulting team (which managed roughly $3.4 billion in assets as of September 30, 2021) will join Hub California, strengthening HUB's retirement capabilities and presence in California.