Mergers and Acquisitions
Learn the latest on dealmaking in wealth management and financial services, including the latest mergers and acquisitions news.
Bain Capital Closes Envestnet Acquisition for $4.5B
By John ManganaroThe deal brings the wealthtech firm new sources of capital and flexibility, but challenges remain.
November 01, 2024
Stifel to Buy Part of B. Riley's Wealth UnitThe deal, which could be priced for as much as $35 million in cash, involves up to 50 advisors and $4.5 billion of client assets.
October 29, 2024
Mariner Says Neuberger Berman Is Its New Minority InvestorCEO Marty Bicknell will stay on as leader of the $246 billion RIA and keep majority control.
October 28, 2024
Lovell Minnick Takes Stakes in Two FirmsThe private equity firm is buying into Americana Partners, a Dynasty partner firm, and Cohen & Co.
October 28, 2024
Ameriprise CEO Says Advisor Recruiting Market Is 'Frothy'; New Products on the WayAmeriprise is now making fewer, but larger, deals, Jim Cracchiolo says.
October 24, 2024
Modern Wealth Management Buys $1.4B Petso FinancialThe acquisition is Modern Wealth's 11th to date and its sixth of the year.
October 23, 2024
Fidelity: RIA Deal Size Rises, Volume Eases in 2024The asset manager sees the slight pullback in M&A volume as a sign of marketplace health.
October 21, 2024
Hightower Takes Majority Stake in Investment Consulting Giant NEPCBob Oros, chairman and CEO of Hightower Holding, says the acquisition of NEPC will be transformational.