RIA News

More than a year in the making, BNY Mellon and Pershing X have introduced their fully integrated end-to-end wealth management platform.

The deal with Altas Partners is expected to raise over $1 billion in common equity and bring Mercer’s valuation north of $3 billion.

The deal may be the largest acquisition of a CPA firm by an RIA, and brings 600 new employees and $2.5 billion in client assets to Creative Planning. It will be the foundation for a business-focused service division within the firm.

Close to $150 billion in transacted assets was announced this week as milestones were achieved and new territory was conquered.

In its 5th deal of the year, Hightower expands its footprint in the nation’s Northeast.

Edelman Financial Engines' current chief, Larry Raffone, will transition to chairman, effective in August.

A trio from the former Signature Bank will operate as an independent team associated with a branch of Cadaret Grant.

While fluctuating capital markets may have caused buyers to become more selective, the talk of slowing RIA M&A activity has been overexaggerated, and valuations remain high for growing firms, said panelists at the RIA Edge conference last week.

Launches, acquisitions and affiliations were all announced in the RIA landscape this week, as were some key people moves.