Mergers and Acquisitions
Learn the latest on dealmaking in wealth management and financial services, including the latest mergers and acquisitions news.
Captrust to Buy $85B Investment Group
By Janet LevauxChicago-based Ellwood's clients includes endowments, foundations, retirement plans, family offices and high-net-worth individuals.
August 13, 2021
Mariner Wealth to Buy $500M Pittsburgh RIAThe acquisition of Commonwealth Advisory Group, Mariner's fourth announced purchase this summer, is expected to close Aug. 31.
August 05, 2021
Wealth Enhancement Group to Add $853M RIAThe transaction is the LPL affiliate's ninth purchase this year.
August 02, 2021
Avantax Scoops Up $1.1B RIAWhen the deal closes, the RIA's three partners will become financial planning consultants with Avantax Planning Partners.
July 30, 2021
LPL Tops $1T in Assets and 19,000 Advisors: Q2 EarningsThe number of net new advisors was 1,442, including over 900 from Waddell & Reed and 200-plus from M&T Bank.
July 29, 2021
Raymond James Moves to Buy $38B Wealth FirmThe U.K.-based Charles Stanley Group has 200 wealth managers and could be acquired for about $387 million.
July 27, 2021
Schwab Cuts More TD Ameritrade ExecsThe latest cuts also are said to include nearly every remaining HR associate in TD Ameritrade's retail and institutional businesses.
July 27, 2021
Hightower Scoops Up $2B RIAAs part of the deal, Farr, Miller & Washington CEO Michael Farr is set to become Hightower's chief market strategist.