Industry Overview - The wealth management sector is expected to see 20% of wealth and asset managers acquired in the next five years, indicating a trend of consolidation [1] - Recent developments include large breakaways forming new Registered Investment Advisors (RIAs), which complicates the consolidation narrative [1] Company Developments - Elevation Point has facilitated a UBS breakaway to establish Loxahatchee Capital, managing $1.4 billion in assets [2] - OpenArc was formed from a significant Merrill Lynch liftout, managing $129 billion in assets, with Merrill Lynch contesting the move legally [2] - MAI Capital Management has acquired J.W. Coons Advisors, which has $612 million in assets, as part of its ongoing mega-merger strategy [3][4] - MAI Capital Management is set to nearly double its client assets to $60 billion following its acquisition of Evoke Advisors [4] - ArrowPoint, co-founded by Mandy Dollar and Jennifer Wallis, has chosen Osaic as its platform, managing $379 million in assets [5][6]
Deals & Moves: MAI Buys $612M Shop; Women-Led Firm Chooses Osaic
Yahoo Finance·2025-09-26 16:43