Core Insights - Waverly Advisors has made two acquisitions, Pacific Portfolio and Bridge Creek Capital Management, increasing its assets under management (AUM) to approximately $26 billion [2]. Group 1: Company Expansion - The acquisitions represent Waverly Advisors' first expansion to the West Coast [2]. - This marks Waverly's second acquisition in Massachusetts [2]. Group 2: M&A Activity - The acquisitions reflect a record-breaking growth in M&A activity among registered investment advisors in 2025 [2]. - Pacific Portfolio and Bridge Creek Capital Management have AUM of $5 billion and $447 million, respectively [2].

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Bluespring Wealth Partners, the registered investment advisor acquisition arm of Kestra Holdings, is acquiring Signature Wealth, a $1.41 billion Kestra Financial-affiliated firm based in Pittsburgh. The deal is Bluespring’s eighth acquisition this year, and according to Signature CEO Marc Tennebaum, the deal positions the firm “for sustainable growth” and keeps continuity for clients. “Bluespring ...

Core Insights - MAI has completed the acquisition of Evoke Advisors, increasing its assets under management (AUM) to over $65 billion and enhancing its national presence and capabilities [1][2] - The acquisition is part of MAI's growth strategy, particularly aimed at improving services for ultra-high-net-worth (UHNW) clients and institutions [1][5] Group 1: Acquisition Details - The addition of Evoke Advisors allows MAI to operate across 34 offices in the US [2] - MAI has added over $30 billion in AUM during the year, indicating significant growth [2] - The integration of talent from both firms has led to an expanded Office of Managing Partners (OMP) [2] Group 2: Leadership and Management - Rick Buoncore continues as chairman and CEO, with new managing partners from Evoke joining the OMP [3][4] - The OMP now includes various managing partners overseeing different areas such as Evoke Ultra-High Net Worth, Operations, Family Office & Tax Services, and Wealth Management [4] Group 3: Strategic Goals - The acquisition enables MAI to expand its capabilities and provide clients with greater access to a national platform and specialized expertise [5] - MAI aims to unify its brand, pursue organic growth opportunities, and equip advisors with tools and resources to maximize the benefits of the expanded platform [6]

Core Insights - The acquisition of NFP by Aon was primarily aimed at enhancing Aon's position in the middle-market insurance sector, leading to the decision to sell off wealth and retirement advisory divisions, with Madison Dearborn as the returning buyer [1][2] Group 1: Acquisition and Business Structure - Madison Dearborn has a history with NFP, having acquired it for $1.3 billion in 2013 and selling it to Aon for $13.4 billion approximately ten years later [2] - The newly formed Wealthspire will serve as the overarching brand for four affiliates, aiming to bridge wealth, institutional advisory, retirement markets, and family office services [4][5] - Wealthspire enters the registered investment advisor (RIA) space with a significant asset size of $580 billion, with a strong focus on retirement assets amounting to about $500 billion [6][12] Group 2: Leadership and Integration - Carl Nelson, previously of NFP, will serve as president of Wealthspire, overseeing integration and acquisition efforts [10] - The institutional division will be integrated into Wealthspire Retirement Advisory, led by Mike Goss, who will also serve as chief revenue officer [11] - Eric Sontag will head the individual wealth business, maintaining his role from the previous merger that formed Wealthspire [12] Group 3: Strategic Focus and Future Plans - Wealthspire plans to raise $1 billion in debt financing for technology, employee investment, and consistent mergers and acquisitions across business lines [12][13] - The company aims to develop wealth and technology platforms over time, focusing on serving clients with varying assets and life stages [14] - There is an emphasis on aligning the wealth and retirement divisions to capitalize on client referrals and business opportunities [7][8]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Core Insights - Registered investment advisor (RIA) merger and acquisition (M&A) activity has reached a record high of 273 transactions year-to-date, surpassing the previous annual record set in 2024, with two months remaining in the year [1] - Lower borrowing costs following rate cuts in late 2024 have been a significant driver of this M&A activity, unlocking capital and reigniting momentum in the space [2] - Private equity has played a crucial role in supporting platforms to accelerate acquisitions, particularly among mid-sized RIAs seeking to benefit from economies of scale [2] M&A Activity and Trends - The pace of dealmaking in 2025 has been described as relentless, with private equity-backed RIA deal assets ranging from hundreds of millions to multi-billions [3] - RIA founders are capitalizing on high valuations to establish succession plans, indicating a strategic shift in ownership and management [3] - The third quarter of 2025 marked a record for the most active quarter, with 94 transactions, bringing the year-to-date volume to 242 as of the end of September [6] Key Players and Transactions - The most active buyers in the RIA space have been private equity-backed strategic acquirers, with Merit Financial Advisors leading with 11 deals [4] - Creative Planning, majority-owned by its founder Peter Mallouk and backed by General Atlantic and TPG Capital, is working to close a significant deal for SageView Advisory Group, which has $290 billion in client assets, boosting the combined entity to $640 billion [4] - Corient, the RIA arm of Mubadala Capital-owned CI Financial, acquired two U.K.-based wealth managers overseeing a combined $214 billion in assets, increasing Corient's total client assets to $430 billion [5]

Core Viewpoint - Silvercrest Asset Management Group Inc. will host a teleconference to discuss its third-quarter financial results on October 31, 2025, with a news release to be issued prior to the market opening [1]. Group 1: Financial Results Announcement - The teleconference is scheduled for 8:30 am Eastern Time on October 31, 2025 [1]. - A news release containing the financial results will be available before the U.S. equity markets open [1]. Group 2: Leadership Participation - The call will feature Chairman, CEO, and President Richard R. Hough III, along with CFO Scott A. Gerard, who will review the quarterly results [2]. Group 3: Access Information - Analysts, institutional investors, and the public can listen to the call by dialing 1-844-836-8743 or 1-412-317-5723 for international callers [3]. - A live webcast will be available on the investor relations section of the Silvercrest website, with an archived replay accessible after the live call [3]. Group 4: Company Overview - Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser [4]. - The firm has offices in multiple states and provides traditional and alternative investment advisory services, managing assets totaling $36.7 billion as of June 30, 2025 [4].

Core Points - U.S. Global Investors, Inc. has announced a partnership with Keystone School to address global democratic backsliding [1][3] - The partnership includes a $10,000 initial donation and a commitment of $50,000 over multiple years to support Keystone's Model UN program [2][4] - The Model UN program aims to prepare students for roles in international relations and civic engagement, with over one-third of Keystone's Upper School students participating [3][4] Financial Commitment - The initial donation to Keystone School is $10,000, with a total commitment of $50,000 planned over several years [2] - The funding will enhance access to Model UN resources, including support for underrepresented students and participation in competitions [2] Educational Impact - The partnership is designed to cultivate future diplomats and policymakers, emphasizing the importance of investing in global citizenship [3] - Keystone's Model UN program has received multiple awards and has a strong track record of student participation in national conferences [3][4] Long-term Relationship - This initiative marks the beginning of a long-term relationship between U.S. Global Investors and Keystone School, focusing on preparing students for a global economy [4]

Core Insights - U.S. Global Investors, Inc. has partnered with Keystone School to address global democratic backsliding through educational initiatives [1][3] - The partnership includes a $10,000 initial donation and a commitment of $50,000 over multiple years to support the Model UN program [2][4] - The Model UN program aims to equip students with skills in international relations, trade, and conflict resolution, fostering global citizenship [3][4] Company Overview - U.S. Global Investors, Inc. is a registered investment adviser focusing on niche markets globally, with over 50 years of history [5] - The company provides investment advisory services to U.S. Global Investors Funds and U.S. Global ETFs [5] Keystone School Overview - Keystone School, founded in 1948, emphasizes academic excellence and global citizenship, with nearly 100% of graduates attending top-ranked colleges [6]

Core Insights - The independent advisory firms are experiencing a second wave of breakaway advisors, indicating a shift in preference from traditional brokerage houses to independent Registered Investment Advisors (RIAs) [1][5][6] Growth Trends - Hybrid RIAs have seen an annualized asset growth rate of 12.2% over the past decade, outperforming independent RIAs at 10.8%, national and regional broker-dealers at 8.9%, and wirehouses at 6.4% [2] - Wirehouses manage approximately $12 trillion in assets, while independent RIAs control nearly $6 trillion, followed by national and regional broker-dealers at $5.7 trillion and hybrid independent advisors at $4 trillion [3] Industry Dynamics - Mergers and acquisitions, often supported by private equity, have led to the emergence of various categories of RIAs, including aggregators and mega RIAs, which aim to compete with major Wall Street firms [4] - The trend of financial advisors migrating from traditional brokerage to independent financial planning is driving innovation within the industry, although it is also causing growing pains for the independent channel [5] Advisor Preferences - A significant number of advisors are expressing a preference for the hybrid RIA channel, with a 9.1% year-over-year increase noted in a recent survey [2] - The initial wave of advisors who left wirehouses for independence are now experiencing a second breakaway, as many find that larger RIAs are becoming rigid and bureaucratic [6][8] Challenges and Opportunities - The growth of mega RIAs is creating a more cookie-cutter experience for advisors, which can limit their autonomy and flexibility [9] - Smaller, purpose-built RIAs are emerging to fill gaps in the market by fostering a community that supports growth while maintaining a small-firm feel [11]