RIA News

Financial Planning and Information Services represents Hightower’s fifth investment this year and follows news last week that it will take a majority stake in NEPC, an institutional consulting firm.

The new wealth management firm has assembled a team of 20 professionals from Citi, Greenway Wealth Management, Interactive Brokers and Fidelity, among others.

Veteran advisor Larry Parkin has come out of retirement to lead Homrich Berg’s Florida operations.

The models will span investment options ranging from equity SMAs to evergreen alternative funds.

As the cost of capital comes down, the most active players in the RIA M&A space will invest more aggressively, according to the latest DeVoe & Company RIA Deal Book.

Americana’s leadership and employees will still be significant owners after the deal, while CEO Jason Fertitta and the rest of the leadership team will continue to run the firm.

Petso Financial Consultants represents Modern Wealth’s first office West of Kansas City, bringing its total AUM to over $6 billion.

The deal expands Apollon's presence in Washington, D.C., while giving CIC a more attractive platform for potential recruits.

With NEPC, Hightower and its affiliates will represent over $1.8 trillion in assets under advisement and $258 billion in assets under management.

The deal with Pegasus Partners is the largest since Lido sold a minority stake to private equity firm Constellation Wealth Partners earlier this year.