Advisory firms complete acquisitions and team moves across US wealth management
Updated
Updated · Wealth Management · May 8
Advisory firms complete acquisitions and team moves across US wealth management
8 articles · Updated · Wealth Management · May 8
Apollon added Wisconsin's Senglaub Financial Group with $650 million, Merit bought Seattle-based Pradel Financial Group, and Wealth Enhancement acquired two Oregon RIAs with $426 million combined.
Ameriprise recruited Kive Strickoff's former Commonwealth team with nearly $140 million to its Boca Raton practice, while &Partners added former Wells Fargo and Edward Jones practices overseeing $705 million.
The deals extend consolidation in wealth management as firms seek scale, broader platforms and growth; Apollon manages about $15 billion, Wealth Enhancement more than $148 billion, and &Partners about $54 billion.
As wealth giants swallow smaller firms, is the era of truly personalized financial advice coming to an end?
How are these deals preparing advisors for Gen Z's wealth and their very different expectations for financial guidance?
With new SEC cyber rules due in 2026, are these mega-mergers creating even bigger targets for hackers?