Cetera announced its first nonhybrid RIA acquisition this week, while Hightower and Wealthspire both added a billion dollars in assets and Mercer, Kestra and tru Independence all announced deals.
Collaborations with Salesforce, PureFacts and Pontera will add retirement planning, billing and client onboarding capabilities to the multicustodial platform announced this week at INSITE.
More than a year in the making, BNY Mellon and Pershing X have introduced their fully integrated end-to-end wealth management platform.
The deal with Altas Partners is expected to raise over $1 billion in common equity and bring Mercer’s valuation north of $3 billion.
The deal may be the largest acquisition of a CPA firm by an RIA, and brings 600 new employees and $2.5 billion in client assets to Creative Planning. It will be the foundation for a business-focused service division within the firm.
Close to $150 billion in transacted assets was announced this week as milestones were achieved and new territory was conquered.
'It's a bull market for advice' and more key themes discussed at the conference.