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This Week in Wealth Management M&A


Earlier in the week, Wealth Enhancement Group agreed to purchase Pillar Pacifica Capital Management, a San Marino, Calif.-based firm with $1.6 billion in AUM. WEG’s AUM will increase to $30.2 billion once the deal closes.
Creative Planning, an RIA consolidator with $76 billion in AUM picked up a new business line and client service: Business valuations. The firm, Castle Wealth Advisors, offers wealth management and business valuations for business owner clients looking to sell. Castle manages $320 million in AUM.
Below are more mergers, acquisitions and advisor moves you may have missed the week of April 26, 2021.
Steward Partners Closes on Umpqua Investments Acquisition ....

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Advisor Group Announces Recruitment Of Ambassador Wealth Management, Chicago-Area Practice With Assets Totaling $257 Million


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PHOENIX, April 28, 2021 /PRNewswire/  Advisor Group, the nation s largest network of independent wealth management firms, today announced the successful recruitment to its network of Warrenville, Ill.-based Ambassador Wealth Management, a multi-service wealth management practice that oversees $257 million in total client assets.
Ambassador Wealth Management has joined Advisor Group through its subsidiary and network member firm Woodbury Financial Services. The firm has affiliated with one of Woodbury s leading super-OSJ groups, Northpoint Financial Group. Advisor Group also includes FSC Securities, Royal Alliance Associates, SagePoint Financial, Securities America, and Triad Advisors.
Ambassador Wealth Management is led by President and CEO Phil Battin, an industry veteran with nearly three decades of experience. The firm specializes in investment management services, tax services, retirement and estate planning, college fund ....

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