President Joe Biden’s threats of higher taxes have become a key driver in this year’s record-level consolidation among registered investment advisers, which reached the 200-deal mark last week. With a month to go in 2021, RIA deal volume has already ...

The momentum continues for CI Financial as the Toronto-based aggregator notches another major acquisition in the U.S. wealth management space. Just a week after acquiring $4.1 billion Detroit-based R.H. Bluestein & Co., CI is adding $7.5 billion Chicago-based Gofen and ...

Canadian mega buyer CI Financial is acquiring Seattle-based McCutchen Group, an RIA focused on ultra-high-net-worth clients with $3.4 billion under management. Like many of CI’s acquisitions, McCutchen Group is large and fast-growing, but it’s also relatively new, having been launched ...

Toronto-based aggregator CI Financial is acquiring Portola Partners, a $5.2 billion registered investment adviser based in Menlo Park, California. The deal, which expands CI’s footprint in the San Francisco Bay area, will give the Canadian buyer approximately $82 billion in ...

Hightower has notched its fourth acquisition of the year by adding the $2 billion Washington, D.C.-based advisory firm Farr Miller & Washington. The cash-and-equity deal, which will close in about 30 days, has the added benefit of placing the RIA’s ...

Wealth management aggregator Focus Financial Partners is set to make its fourth acquisition of a Canadian advisory shop as partner firm Connectus Wealth Advisers adds Toronto-based Gavin Hockey Wealth Specialists. The deal is unique in that it subtly fires a ...

Mariner Wealth Advisors will add nearly $1 billion in assets under management with the acquisition of Allegiant Private Advisors, based in Sarasota, Florida. Allegiant serves nearly 500 clients that combine for approximately $911 million in AUM, according to its latest ...

Captrust Financial Advisors is adding $2.1 billion under management with the acquisition of Nachman Norwood & Parrott Wealth Management. The addition of the Greenville, South Carolina-based advisory firm marks Captrust’s 50th acquisition over the past 15 years, bringing total assets ...

Focus Financial Partners is rolling into the July 4th weekend with two more acquisitions under its belt, bringing its total deal count in 2021 to 15. On Friday, the $250 billion RIA aggregator announced the acquisition of Sonora Investment Management, ...

The Colony Group, a $13 billion Boston-based RIA, is acquiring New Providence Asset Management, a $2.8 billion firm based in New York City. The deal, which is expected to close Aug. 1, will give Colony a total of 16 offices ...