This Week in Wealth Management Deals wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.
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
This Week in Wealth Management M&A: April 26, 2021 wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.
The move reunites former United Capital acquisition executives Matt Brinker and Allen Darby.
Merchant Investment Management announced Thursday it has acquired a noncontrolling stake in Alaris Acquisitions, a Mooresville, N.C., startup that offers deal origination services for registered investment advisors.
Alaris acts as a matchmaker for investment advisory firms looking to buy or sell. It works with firms to identify RIAs that are a suitable target and negotiates the deal, collecting fees from the buying firm only if a deal is closed. For selling firms, that saves the investment banking fees they would normally pay to execute the deal, Alaris executives said.