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The large wealth advisory said it has planted a flag in Pepper Pike with the addition of a small group of professionals who previously worked for UBS as the Mooney Stanley Group.
RIA M&A started 2021 with a bang last week, with eight significant deals announced and a total of $159.6 billion in assets changing hands.
Whitnell & Co. changed hands in a deal with a regional bank that also struck a strategic partnership with the wealth manager.
The industry isn’t easing into 2021. After a record year of mergers and acquisitions—an estimated 181 in 2020, according to Echelon Partners—along with continuing trends of breakaways to the independent space, it seems 2021 is simply picking up where last year left off. During the first full week of the new year, firms announced major deals. On Monday, SVB Financial Group revealed the same day that it planned to absorb Boston Private and it’s $16.3 billion in assets under management into its private banking and wealth management businesses. Despite receiving praises from many in the...
A round-up of people moves and M&A deals across North America M&A The wealth firm has acquired Bel Air Investment Advisors from Fiera Capital Corporation. Bel Air is based in Los Angeles and provides wealth management services and investment solutions exclusively to ultra-high net worth individuals, families, trusts and foundations. The company has 43 employees, including 10 advisers. This is Hightower’s “largest acquisition” in its 12-year history, according to the firm. The financial terms of the deal were not disclosed. Mercer Global Advisors Kays serves approximately 700 clients. Fo...