First-Half Advisor M&A Surge Continues in July: Fidelity

There were also seven transactions in the independent broker-dealer channel for the year to date, up by 40% over last year, representing $392 billion in assets, down by 1%.

The July RIA transactions were dominated by the purchase of Wealth Enhancement Group by TA Associates, a private equity outfit, from Lightyear Capital Partners, with $11.8 billion in AUM.

Following are the six other RIA transactions that took place during the month:

• Brookstone Capital Management bought by AmeriLife Group: $2.4 billion in AUM
• AEPG Wealth Strategies bought by Wealth Enhancement Group: $1 billion
• John D. Dovich & Associates bought by MAI Capital Management: $600 million
• Point View Wealth Management bought by Peapack-Gladstone Financial Corp: $307 million
• Pathlight Investors bought by EP Wealth Advisors: $230 million
• Emerald Multi-Family Office bought by SlateStone Wealth: $211 million

In other July activity, StockCross Financial Services, an IBD with $1 billion in assets under advisement, was acquired by Siebert Financial Corp.

— Check out TA Associates Snaps Up $12B Wealth Firm From Lightyear on ThinkAdvisor.