WealthManagement Edge

The RIA services platform, launched in 2010, hopes to raise up to $100 million in its initial public offering, according to an SEC filing.

The leading RIA’s acquisitions include its first office locations in Wisconsin and Tennessee. Beacon acquired 14 firms in 2021, compared with four deals the previous year.

The funding will help Facet Wealth continue to grow its business, targeting the segment of the market that has never worked with a financial advisor.

Luke Barbalich was a client of Biondo Investment Advisors for 20 years. Now, he’ll sit on the other side of the table as an advisor at the $800 million RIA.

Even while it remains partnered with Onramp Invest and Eaglebrook Advisors, Gemini is buying its own wealth management–focused crypto platform, BITRIA.

Not all firms participate equally in the M&A frenzy. Successful firms—both buyers and sellers—share these characteristics.

Mercer’s deal with HawsGoodwin Wealth comes the same week it announced its acquisition of Cordasco Financial Network, a $510 million Florida RIA.

RIA Lawyers, founded by Max Schatzow, Cary Kvitka and Ryan Walter, will work with advisory firms with assets under management between $100 million and $10 billion.

The combined businesses will continue to operate under the Laird Norton Wealth Management and Wetherby Asset Management names.