Core Insights - Ashton Thomas Private Wealth has acquired a Sarasota-based advisory team managing approximately $1.5 billion in assets, enhancing its investment capabilities [1][2] - Don Hagan, a co-founder of Day Hagan, will assume the role of Chief Investment Officer at Ashton Thomas, bringing model-driven investment strategies and market insights [2][3] - The acquisition marks Arax Investment Partners' fifth deal this year involving firms with over $1 billion in client assets, indicating a strategic growth focus [4] Company Developments - The newly acquired team from Day Hagan includes five advisors and has a history of collaboration with Ashton Thomas through its asset management division [2] - Hagan's transition to CIO is expected to leverage expanded resources and deeper research capabilities for Ashton Thomas [3] - Arax Investment Partners, which owns Ashton Thomas, is a portfolio company of RedBird Capital, known for its diverse investments across financial services and sports [4][5]