It was per week of $1 billion registered funding advisor acquisitions.
Acquisitive companies Artistic Planning, Cresset and Mercer International Advisors all introduced offers for companies with property starting from $1 billion to $1.4 billion.
For RIAs trying to improve their worth for future sale, whether or not within the $1 billion vary or not, they could need to take into account including personal market specialisation to their practices. Not less than that’s what a couple of RIAs with different funding specialization instructed an viewers at Thursday’s RIA Edge Non-public Markets convention in New York Metropolis.
Wealth Enhancement Acquires $532M Indiana RIA
Wealth Enhancement has acquired FPG Non-public Wealth, a hybrid registered funding advisor with greater than $532 million in consumer property and workplaces in Carmel and Lafayette, Ind. The acquisition, which closed on Nov. 30, brings Plymouth, Minn.-based Wealth Enhancement’s complete consumer property to greater than $127.8 billion.
The FPG Non-public Wealth workforce was previously affiliated with guardian firm Monetary Companions Group and is led by Andrew Moulton, senior vice chairman; Timothy Johnston, senior vice chairman; and Don Penn, monetary advisor.
“We’re thrilled to deepen our Midwest roots by means of this partnership,” stated Jeff Dekko, Wealth Enhancement CEO, in a press release. “The FPG Non-public Wealth leaders deliver greater than 65 years of mixed trade expertise, and we’re excited to welcome them to our group.”
FPG Non-public Wealth gives wealth administration and lending companies, specialising in serving enterprise house owners.
The acquisition creates Wealth Enhancement’s first workplace within the better Indianapolis market. The RIA is owned by a gaggle of personal fairness companies, led by TA Associates and Onex Company, in addition to its staff.
Allworth Snags $460M FSA Wealth
Allworth Monetary provides to AUM of $31 billion with the acquisition of FSA Wealth Administration, a Needham, Mass.-based fiduciary advisory agency with $460 million in AUM.
The deal brings Folson, Calif.-based Allworth six professionals, together with 5 monetary advisors and managing companions Gavin Morrissey and Simon Heslop, which expands its presence within the Higher Boston space.
In accordance with an announcement, the acquisition helps Allworth’s technique of shifting up-market by increasing advisory capabilities in areas the place shoppers require subtle monetary planning. FSA’s workforce will relocate to Allworth’s present workplace in Waltham, Mass.
The transaction follows Allworth’s October acquisition of Shorepoint Capital in Norwood, Mass.
FSA brings Allworth experience in retirement and tax planning for high-net-worth shoppers. In flip, FSA will leverage Allworth’s tax and property planning, funding analysis and consumer platforms. The companies stated no structural or management adjustments are deliberate.
Allworth is owned by personal fairness agency Lightyear Capital and the Ontario Lecturers’ Pension Plan Board, Canada’s largest single-profession pension plan.
Sequoia Monetary Provides $406M California-Primarily based RIA
Sequoia Monetary Group has acquired Sterling Monetary Group, a Pasadena, Calif.-based funding advisory agency with $406 million in property below administration. The acquisition provides the Ohio-based wealth supervisor its first standalone workplace in California and provides two new fairness house owners to the agency.
Sterling Monetary, based in 1998, serves 200 shoppers throughout greater than a dozen states with a seven-person workforce led by proprietor and managing principal Michael Hatch and monetary advisor and principal Kody Brown, each of whom turned fairness house owners in Sequoia Monetary by means of the deal.
Brown stated Sequoia’s funding analysis platform and know-how management would finest serve Sterling’s shoppers.
The acquisition builds on Sequoia Monetary’s wealth administration relationship with accounting agency Eide Bailly, introduced in late 2024by giving it an workplace in California. Beforehand, Sequoia Monetary operated in Eide Bailly workplaces in Irvine and Torrance.
DeVoe & Firm represented Sterling Monetary within the transaction.
Sequoia Monetary, which manages $29.9 billion in property as of September 30, has now made 12 acquisitions since 2023. The RIA acquired a $200 million personal fairness stake from Valeas Capital Companions in 2022 and a minority funding from Kudu Funding Administration in 2020.
Residents Monetary Division Provides 401(ok) Plan Advisors
Residents Non-public Wealth, the wealth administration division of Windfall, R.I.-based Residents Financial institution, has added a tenth advisory workforceincreasing its recommendation companies to incorporate company employer-sponsored retirement plans.
The brand new workforce, CF Retirement Options, is led by Greg Cantone and Anthony Fella and can serve shoppers nationally from New York Metropolis. The 2 advisors have been previously with Flagstar Advisors, a division of Flagstar Financial institution.
The addition marks Residents’ enlargement into 401(ok) plan administration for enterprises, with the workforce specializing in serving to small and mid-sized companies work on worker retirement advantages.
In accordance with the financial institution, the transfer will create alternatives for Residents throughout personal wealth, personal banking, business banking and enterprise banking.
Residents Non-public Wealth has built-in 10 groups over the previous 12 months and a half, bringing on advisors throughout wealth planning, funding administration and banking. The groups have collectively managed greater than $10 billion in consumer property.
Residents Monetary Group, the holding firm for the financial institution and its divisions, has $222.7 billion in property as of Sept. 30, 2025, and about 1,000 branches.
