Industry

The deal will help SEI provide tax optimization unified managed household capabilities across the SEI Wealth Platform.

According to charges filed by the Securities and Exchange Commission and the Justice Department, a trio of Nigerian nationals stole more than $2.9 million from at least 28 investors.

The acquisition of Maryland-based multi-office and RIA WMS Partners will boost Homrich Berg’s total assets under management above $24 billion, according to the firm.

The purchase of Avitas Wealth Management expands Lido’s presence in the city where it is headquartered. It’s the latest large deal for the RIA since Constellation Wealth Capital bought a minority stake earlier this year.

The initiative will be led by Joanna Rotenberg, who is joining the company from Fidelity.