RIA News

This week, the RIA industry saw at least 11 deals, some key people moves and one rebrand.

The acquisition of Minnesota-based Ledge Wealth brings Peter Raimondi’s 5-year-old firm to nearly $5 billion in assets.

The deal with FirstWave represents Savant's 11th acquisition in the last year.

Will Gungoll left Edward Jones to create Buffalo Capital, a name that honors his Native American heritage and community in Enid, Okla.

The Birmingham, Ala.-based RIA acquired the investment advisory business of StrategIQ Financial Group, adding $1.5 billion in assets.

Transitions Wealth Management serves approximately 400 clients and is based out of Denver.

The deal with C2C Wealth Management represents Dakota’s fourth transaction since June 1, and third office in Massachusetts.

The rebrand comes as the $3.3 billion AUM firm aims to broaden its appeal to a wider swath of advisors and increase recruiting.

Confluence Financial Planning’s six associates will continue to operate out of their Sacramento office. It’ll be Mariner’s first location in the city, and 15th in California.

Advisor Growth Strategies expects new players to enter the RIA M&A market in 2024, as valuations diverge and deals become larger and more creative.