The New York-based RIA aggregator Cerity Partners is bulking up its West Coast presence with the acquisition of Bingham Osborn & Scarborough, a San Francisco-based firm with $5 billion in client assets. The deal, which will push Cerity’s total assets ...

Investment firm KKR has taken a minority stake in the parent company of Beacon Pointe Advisors, a Newport Beach, California-based registered investment adviser that manages more than $20 billion. Beacon Pointe’s management, led by CEO Shannon Eusey, will continue to ...

CI Financial paired the reporting of record third-quarter financial results with the news that it is expanding beyond its pattern of acquiring registered investment advisers by taking a minority stake in alternative investments platform GLASfunds. The investment in the $1.1 ...

Mercer Global Advisors Inc. has acquired Lake Point Advisory Group, a $700 million registered investment adviser based in Dallas. Founded in 2007 by Reid Johnson, Lake Point offers comprehensive wealth management to mass affluent and high-net-worth individuals, families and their ...

The second half of 2021 should break all previously existing records for the number of mergers and acquisitions in the wealth management business. From what I’ve seen, there are three main factors driving the increase. First, valuations of financial planning ...

Fast-growing Chicago-based, multi-family office Cresset Asset Management is boosting its assets under management by more than 30% through the acquisition of Atlanta-based Berman Capital Advisors, a $4.7 billion firm founded in 2010. The deal, which is being described as a ...

When AC Milan host Atletico de Madrid in the Champions League on Tuesday evening, it will be a clash between Italy’s most successful team in Europe’s elite soccer competition and last year’s Spanish title winner. For the financial world, it’s also a ...

Almost from the day he started his wealth management firm in 2014, Russ Charvonia would get unsolicited emails offering to buy the company. He’d send them directly to his trash folder.  But like hundreds of other managers this year, Charvonia ...

Mariner Wealth Advisors has notched its fifth acquisition since selling a minority stake to private equity investor Leonard Green & Partners in April. The Overland Park, Kansas-based registered investment adviser announced Thursday its plans to acquire The Pinnacle Group, a ...

Deal flow in the registered investment advisory space is continuing to heat up, and there’s much speculation that it’ll get even hotter as President Biden’s plans to raise capital gains taxes inch closer to fruition. In the latest development, the ...