Captrust Financial Advisors announced two acquisitions Wednesday that were completed in late 2021 and added more than $1.5 billion in assets to the Raleigh, North Carolina-based registered investment adviser. Captrust, which added a record 11 firms in 2021, acquired New ...

Eight straight years of record-breaking consolidation in the wealth management space are seen as just an onramp to more of the same this year, according to the latest research from DeVoe & Co. The new report, which includes findings from ...

Philadelphia-based Wescott Financial Advisory Group is acquiring Harleysville, Pennsylvania-based Asset Planning Services in a deal that gives Wescott access to a niche client base made up of Merck & Co. executives. The deal, which is expected to close by the ...

In one of its biggest deals to date, Toronto-based aggregator CI Financial is buying RegentAtlantic, a $6 billion New York-based registered investment adviser. The deal pushes CI’s total U.S. RIA assets over $100 billion and marks it’s 28th acquisition since ...

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 ...