Wealth Management Acquisitions in Florida

Generational Wealth launched as a unified wealth management and financial planning firm after a merger tied to a joint $100 million acquisition, entering the market with over $900 million in assets under management and administration. Headquartered in North Palm Beach, Florida, the firm said it will combine fiduciary financial planning, an in-house investment team, and invest in technology and talent as it scales.

Mid Penn Bancorp completed its acquisition of Sarasota-based registered investment advisor Cumberland Advisors on January 1, 2026, adding approximately $3.2 billion in assets under management. Cumberland has been merged into a newly formed Mid Penn subsidiary operating as Cumberland Advisors, LLC, and its investment advisory professionals have joined Mid Penn to expand the bank’s wealth and investment management capabilities; financial terms were not disclosed.

MAI Capital Management has acquired Liberty Private Client, a Fort Myers, Florida–based registered investment advisor managing $245 million in client assets. The entire Liberty team will join MAI effective October 24, 2025; terms were not disclosed. The acquisition expands MAI’s presence in Florida and strengthens its Southeast / East Coast footprint.

Mission Wealth has merged with Retter Capital Management, a boutique RIA led by Edwin (Eddie) Retter, expanding Mission Wealth’s presence in eastern Florida. Eddie Retter will join Mission Wealth as an equity partner and continue serving clients from the Melbourne, Florida office.

DayMark Wealth Partners, a Cincinnati-based RIA managing $3.8 billion, expanded into Florida by adding an advisory team that previously managed $350 million in client assets. The team — led by Steve Rowe and Emily Rowe with offices in Fort Lauderdale and Stuart — joins DayMark to establish a Southeast Florida presence and broaden the firm's high-net-worth wealth management capabilities.

Sanctuary Wealth has welcomed 1280 Financial Partners into its Partner Firms network and took a minority stake through its Strategic Capital Partnership program as the team launches an independent advisory firm. 1280 Financial Partners—whose advisors are based in Fort Myers, FL; Sandusky, OH; Augusta, SC; and Miami, FL—manages about $2 billion in client assets and will leverage Sanctuary's technology, operational infrastructure and solutions (including captive insurance) to support growth and independence.

Global Wealth Management (GWM) has acquired Gulf Coast Financial Planning (GCFP), adding more than $150 million in assets under advisement and expanding GWM’s presence to Florida’s West Coast with a new Lakewood Ranch office. Kurt Stahl, founder of GCFP, will join GWM and continue serving his clients from the same office, leveraging GWM’s resources and technology.

Carson Group has fully acquired its Carson Wealth location in Orlando, Florida — the practice founded by Scott Cadwell (originally Cadwell Wealth) which manages approximately $150 million in client assets. Scott Cadwell will continue to lead the office; the acquisition supports succession planning and gives the team access to Carson's technology and M&A resources to accelerate growth.

Journey Strategic Wealth announced that the MDL Wealth advisory team — led by founder Michael LaBarbera and including advisors Ted Albrecht, Carol Liddy and Sheila Meneses — has joined its RIA platform, bringing roughly $200 million in advisor AUM and raising Journey's total AUM to $3.7 billion. The move establishes Journey's presence in Tampa and expands the firm's national footprint while providing MDL Wealth with Journey's middle- and back-office infrastructure and investment operations.

Summit Financial Holdings, via its Summit Growth Partners program, announced the launch of Kyros Private Wealth — an independent practice led by William E. Clegg IV and a team that previously operated as The Clegg Group at UBS. The Kyros team (which oversaw roughly $370 million in AUM while at UBS) becomes an affiliate partner of Summit, gaining access to Summit's custody, technology, risk management and operational support while participating in Summit's cash monetization and equity partnership model.

TriSpan LLP completed a strategic growth investment in Slavic401k, a Boca Raton-based retirement services firm that administers multiple employer 401(k) plans. The minority investment (terms undisclosed) will fund capability expansion including cybersecurity and SECURE 2.0 tax credit capabilities to drive new plan formation; McHenry Consulting advised Slavic401k.

Savant Wealth Management has acquired FirstWave Financial, an independent RIA with $440 million AUM based in Satellite Beach, Florida. The deal closed Dec. 31, 2023, as part of FirstWave's succession plan and expands Savant's national footprint into Florida.

Mercer Global Advisors, a national RIA backed by Oak Hill Capital and Genstar Capital, has acquired Paragon Wealth Strategies, a Jacksonville-based wealth management firm managing approximately $495 million in AUM and serving over 400 clients. The deal expands Mercer’s footprint and capabilities in Florida and brings Paragon’s partners and advisory team into Mercer’s national platform.

Waverly Advisors, a fee-only registered investment adviser backed by Wealth Partners Capital Group and HGGC’s Aspire platform, has acquired Prosper Financial Advisers of St. Petersburg, Florida. The deal closed on November 10, 2023, adds approximately $146 million of AUM to Waverly (bringing total AUM to about $7.7 billion) and brings founder Rhonda Holifield and her all-female team into Waverly to expand the firm’s Florida presence.

Pathstone has agreed to acquire certain assets of Eaton Vance WaterOak Advisors ("WaterOak"), adding roughly $3 billion in assets under advisement and expanding Pathstone’s footprint in Florida. The deal brings WaterOak’s team and technology onto Pathstone’s partner-owned platform (institutionally backed by Lovell Minnick Partners), increasing Pathstone’s total AUA to more than $35 billion and its headcount to about 235.

Bluespring Wealth Partners, a subsidiary of Kestra Holdings, has acquired Security Financial Management, a 30+-year wealth management firm with more than $950 million in assets under management and offices in Florida and Minnesota. The deal brings Security Financial Management's team and advisory capacity onto Bluespring's platform to accelerate growth through mergers, talent recruitment and expanded client services, while enabling the founders to focus on client-facing activities.

Wealth Enhancement Group announced the acquisition of Investor Solutions, a Miami-based independent RIA that oversees $1.1 billion in client assets and includes six financial advisors. The deal gives Wealth Enhancement Group its first South Florida office, will push its total client assets to roughly $40 billion, and is expected to close in October 2021 (terms not disclosed).

AmeriLife Group, LLC has acquired The Mailing House, LLC d/b/a Your Family Bank, a St. Augustine-based personal financial education and planning business. The deal brings Your Family Bank's subscription and membership-based financial education and planning capabilities into AmeriLife's Life & Health Brokerage Distribution group to expand its agency distribution and client-facing financial planning services.

OneDigital Investment Advisors, a wholly owned subsidiary of OneDigital, has acquired the assets of Fulcrum Partners, expanding OneDigital's retirement and wealth management capabilities into the nonqualified deferred compensation (NQDC) market. The deal brings roughly $7 billion in additional nonqualified plan assets under advisement and transfers 12 advisors (17 employees) from Fulcrum into OneDigital.

CI Financial Corp. will acquire 100% of Doyle Wealth Management (DWM), a St. Petersburg, Florida–based RIA overseeing approximately US$1.1 billion in assets. The deal expands CI’s U.S. wealth-management footprint into Florida and strengthens its wealth-planning and tax capabilities; DWM’s co-founders Robert and Jillian Doyle will continue to lead the business after close.

Beacon Pointe Advisors merged its two RIA businesses into a single RIA, completed a strategic minority recapitalization with Abry Partners, and concurrently acquired Winter Park–Orlando-based Ferrell Wealth Management, adding roughly $460 million of AUM. The Abry investment provides capital to support Beacon Pointe's M&A strategy and growth initiatives as Beacon Pointe expands its East Coast footprint.