The bulk of first quarter RIA M&A occurred in January, contributing to a record quarter, but activity has since slowed down, according to DeVoe & Company.
The firm’s net new assets in the wealth management business were up 183% from a year ago, which executives attribute to net new clients, asset consolidation from existing clients and stock plan retention.
San Francisco–based advisor Kristin Bartlow and her team bring $180 million in client assets to Journey Strategic Wealth, a new spin on the aggregator model, from Northwestern Mutual.