Mergers and Acquisitions
Learn the latest on dealmaking in wealth management and financial services, including the latest mergers and acquisitions news.
Aon and Willis Break Off Merger
By Steve HalloAon will pay Willis Towers Watson a $1 billion termination fee, per their business combination agreement.
July 14, 2021
Carson Group Valued at $1B With New Bain Capital InvestmentAs part of the deal, Long Ridge Equity Partners is giving up its minority investment in the Ron Carson-led business.
July 12, 2021
U.S. Bank Buys PFM Asset Management BusinessThe unit will keep operating as a separate entity; PFM's financial advisory business is not part of the deal.
July 09, 2021
Securities America to Pay $1.75M for Failing to Protect Clients From Ponzi SchemeAn independent RIA was able to take $8 million from at least 15 clients of the Advisor Group subsidiary, the SEC says.
July 08, 2021
Broadridge to Offer Hyper-Personalization Tools for Advisors: Tech RoundupAlso, Sterling Trustees joins the Envestnet Trust Services Exchange to provide trust administration services to RIAs and BDs.
July 08, 2021
Wealth Enhancement Group Nabs $1.04B RIA in Los AngelesThe transaction is the firm's second Southern California acquisition, following Pillar Pacific in June.
July 02, 2021
Focus Financial to Add $3B in AUM With 3 New AcquisitionsThe RIA aggregator added teams in Arizona, Maryland and New York.
July 01, 2021
LPL Rolls Out New Model Wealth Portfolio Platform Feature: Tech RoundupAlso, UBS launches its fourth Future of Finance Challenge, an open competition for fintech startups and tech entrepreneurs.