In news reported this week:
Mercer picked up a $2.5 billion Seattle firm;
Integrated attracted an Ameriprise group with $185 million;
MAI, Beacon Pointe and Perigon all announced acquisitions;
Modern Wealth seeded an in-house retirement plan division with a $1.2 billion purchase in Western New York;
A father/son team broke away from a Penn Mutual broker/dealer to launch a $750 million RIA;
Bluespring combined two partner firms to create a Florida hub with $1.4 billion;
A nascent tech-forward RIA platform called Compound Planning has already onboarded 15 new advisors in 2024
XYPN’s corporate RIA launched its pilot program with six advisors;
Sanctuary added a $1 billion breakaway from Stifel;
And, a trio of three female partners unveiled a Chicago RIA with an in-house psychologist on International Women’s Day.
Check out all the money in motion HERE.
The Advisor's Edge Team
