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A round-up of people moves and M&A deals across North America
M&A
Wealth Enhancement Group
The independent wealth management firm has acquired North American Management (NAM), an independent registered investment adviser (RIA) firm based in Boston.
Founded in 1928, NAM provides planning-oriented wealth management, trust services and a range of investment offerings, including individual security portfolios, to ultra-high net worth individuals, families, endowments/foundations, and business owners nationwide.
The acquisition will bring a team of 20 individuals, including nine financial advisers, to Wealth Enhancement Group.
The financial terms of the transaction were not disclosed.
Focus Financial Partners
The partnership of independent, fiduciary wealth management firms has brought RIA firm Rollins Financial into the group for an undisclosed sum.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Rockefeller Capital Management Broadens Private Wealth Business in California, Introduces First Newport Beach Team
February 26, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 26, 2021
Rockefeller Capital Management (“Rockefeller” or the “Firm”) today announced PBS Wealth Partners have become the firm’s first Newport Beach, California team to join their Southwest division under Managing Director Nathan Crair.
PBS Wealth Partners is led by Alpesh Patel, CPFA, CRPC®, Managing Director and Private Wealth Advisor, Matthew Birkett, CPFA, CPWA®, CFP®, Senior Vice President and Private Wealth Advisor and Darren Siegrist, CEPA, Vice President and Private Wealth Advisor. The team of five is joining from Merrill Lynch Wealth Management and will also include Hai Dang, CPFA and Team Chief Operating Officer as well as Chris Iwamasa, Associate Vice President and Senior Client Associate.