Mergers & Acquisitions
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United Capital acquires $500M firm
Texas-based Ellis & Ellis formerly was affiliated with Ameriprise Financial.
IndexIQ deal propels MainStay brand into ETFs
New York Life's acquisition of IndexIQ, announced jointly by the firms' top executives Thursday, yet again pairs a massive money manager with a far-smaller ETF manager.The deal, which is expected to close in the first half of next year, marks the first foray into ETFs for the MainStay brand.In an
Great-West Financial renames new retirement plan business Empower
New name is latest step in integration of Putnam Investments' retirement business and the acquisition of J.P. Morgan's Retirement Plan Services.
United Capital acquires $320 million AUM adviser
California-based Valley Wealth is firm's third – and largest – acquisition this year.
Goldman Sachs explores liquid alternatives in the ETF world
Goldman Sachs explores liquid alternatives in the ETF world Can Goldman Sachs put ETF investors on a liquid diet? Oct 21, 2014 @ 9:44 am By Bloomberg News + Zoom (Bloomberg News) The Goldman Sachs Group Inc. is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small
Advisory firms aren't worth as much as owners think
Despite high prices in this seller's market, Cerulli study finds advisers still unrealistic about what their practices are worth.
Wood Investment Counsel, Obermeyer merger makes a mountain of an RIA
Wood Investment Counsel, Obermeyer merger makes a mountain of an RIA Obermeyer Wood takes over top spot for asset management in the state Oct 6, 2014 @ 11:57 am By Bianca Flowers + Zoom (Matt Inden/Miles) The merger of two prominent Colorado advisory firms has earned them the top spot in wealth
Wunderlich acquires wealth management assets of Dominick & Dominick
The transaction follows several similar deals in recent months — and the trend is likely to continue.
RCAP buying Cole Advisor for $700 million
Nicholas Schorsch's RCS Capital has agreed to buy Cole Capital, which he also controls. Plus: See our map of the REIT czar's empire
Snowden quietly reaches $1B AUM milestone
As firm picks up $400 million UBS team, execs say it is fully capitalized and on its way to around 100 advisers in its partnership.
Bruton makes first acquisition as CEO of Lucia Capital Group
Derek Bruton didn't waste any time putting his imprint on Lucia Capital Group, striking a deal for the managed equity and fixed-income accounts of West Coast Asset Management, a registered investment advisory firm with $170 million in assets.
Ladenburg Thalmann to buy Securities Service Network for $45M
Cash and stock deal values the firm, with about 450 independent reps and advisers, at 39.4%, lower than other recent deals.
Adviser M&A activity suggests sellers firmly at the helm
Practice values continue to increase for advisers, but that doesn't mean the market for advisory firms has peaked, said Brad Bueermann, chief executive of FP Transitions, at the Financial Planning Association annual conference in Seattle on Sunday.
How do you buy a relationship?
When purchasing a firm, advisers enter contact with an unpredictable asset: clients.
FolioDynamix wealth platform acquired in $199 million deal
Cloud tech firm Actua will acquire an approximately 97% primary equity interest.
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