The mergers, acquisitions and deals you may have missed the week of May 10, 2021.
Several deals hit the wire this week.
Canadian serial RIA acquirer CI Financial announced that it entered the San Diego market, adding Dowling & Yahnke, an RIA with $5.6 billion in assets under management, to its portfolio.
An LPL Financial office of supervisory jurisdiction with $3 billion in AUM acquired U.S. Financial Advisors in Braintree, Mass. The firm manages about $750 million in client assets.
Another Canadian firm that’s been building out its U.S. arm, RBC Wealth Management, picked up a firm in Princeton, N.J., that managed $1.6 billion in AUM and consulted over $5 billion in retirement plan assets, endowments and foundations at UBS Wealth Management USA.
Commonwealth Financial Network
®, a national firm dedicated to providing advisor-focused business solutions, announces the addition of FS Financial of Southington, Connecticut, to its network of independent financial advisors. Formerly affiliated with Wells Fargo, financial advisors Aaron Sehl and Vincent Feijoo, a CFP
® professional, founded the independent firm in April 2021, bringing with them veteran support staff member Michele Molitor. The dually registered firm will be responsible for $200 million in assets under management, with close to 75 percent fee-based business.
FS Financial will focus on the traditional pillars of investment, retirement, insurance, and estate planning. Sehl and Feijoo plan to continue to nurture and grow their relationships with their longstanding clients, as well as prospect for new clients who will appreciate the newly formed practice’s commitment to responsive, caring service. The team’s decision to leave the wirehouse environment also puts
Duo managing $200 million at Wells Fargo goes indie with Commonwealth
Aaron Sehl and Vincent Feijoo set up FS Financial in Southington, Connecticut.
May 11, 2021
Joining them in their Southington, Connecticut-based firm, FS Financial, is Michele Molitor, their team administrative professional.