One day after merging with Independence Advisors, Modera Wealth Management sold a minority stake of its firm to Tria Capital Partners.

The former Merrill Lynch team, led by advisor Lars Olson, wanted to stay in Marion, Ohio, to be part of the town’s revitalization, so they decided to go independent with Sanctuary Wealth.

Signature Bank, the New York lender that’s long catered to the Trump family, also is closing two personal accounts in which the president held about $5.3 million.

Here are the breakaways, mergers and acquisitions announced the week of January 4, 2021.

Thrivent Advisor Network is now a member of the protocol, which allows departing advisors to take certain customer information and solicit customers regardless of whether they had agreements that expressly prohibited such conduct.

Wells Fargo advisors will no longer be able to service clients abroad, according to a company memo.

The Focus Financial RIA acquired Watterson Financial Planning, establishing a foothold in Great Britain.

RIA support platform Integrated Advisors Network has acquired consultants ReDefine Independent Advisors in an effort to build out a more dedicated offering for breakaway wirehouse advisors.

The agency has continued to push back the resumption of physical arbitration and mediation proceedings because of COVID-19, though hearings can be held via teleconferencing or Zoom.

With the acquisition of MRA Associates, Captrust can now offer income and estate tax compliance and consulting services, a new offering for its clients.