Wealth Management’s Week in M&A A succinct summary of the mergers, acquisitions and movements in the wealth management industry over the first week of March.
The first week of March saw a flurry of movement among advisors and the assets they manage. In the wealthtech space came news of Betterment’s purchase of Canadia-based Wealthsimple’s U.S. business.
The RIA space saw more consolidation as Wealth Enhancement Group announced its acquisition of North American Management, a firm managing $1.75 billion in assets, to build out additional services for ultra-high-net-worth clients. It also saw new firms crop up as Dynasty Financial Partners helped a former Bank of America Merrill Lynch team that managed $1.2 billion get their bearings as a new independent firm. Snowden Lane also captured a Miami-based team from a major bank. It announced it recruited Armando Ureña of Ureña Wealth Management and his team from Wells Fargo.
Harmony Private Wealth Becomes First Colorado Team to Join Steward Partners Global Advisory
News provided by
Share this article
Share this article
WASHINGTON, March 3, 2021 /PRNewswire/ Steward Partners Global Advisory, LLC, an employee-owned, full-service independent partnership associated with Raymond James Financial Services, Inc. (member FINRA/SIPC), has expanded its national footprint into the Denver-area market with the addition of Harmony Private Wealth, based in Fort Collins, Colorado. With more than $350 million in assets under management, the firm comes to Steward Partners from RBC Wealth Management and is led by co-founders DeHaven Becker, Michael Stradt, and Janet Mabry. We are proud of the fact that DeHaven, Michael and Janet have chosen to join Steward Partners as their new home, said Chris Barton, Divisional President, Steward Partners Global Advisory. They represent our entrance into the Denver market, and we look forward to working with them to grow their