Ryan Wealth Management has offices in Yuba City, Calif. and Spokane, Wash. Allworth says the move will boost its presence in both regions.
The fund will target accredited investors and qualified purchasers.
Arc Private Wealth is joining Kestra Private Wealth Services from an affiliation with Edward Jones. The news comes weeks after Stone Point Capital again became Kestra Holdings’ majority stakeholder.
The deal gives BlackRock, which manages $11.5 trillion, almost $600 billion of alternative assets.
Offit Advisors represents the fourth practice to join Miracle Mile in 2024, bringing its total assets under management to $7.4 billion.
Co-founder Doug Fritz will become executive chairman of the firm’s board and work with clients and on strategy.
An agreement could be announced as early as this week and value HPS at $12 billion or more.
President-elect Donald Trump is expected to make a pick in the coming days, and no decisions have been made.