We’re nearing the final name for deal bulletins in 2025, and several other corporations positioned their last orders this week.
Wealth Enhancement made a splash with three offers this week, whereas MCF Advisors made its first acquisition since receiving a minority funding, a development that has turn out to be more and more widespread in 2025.
If there was any doubt that 2026 would proceed to convey attention-grabbing RIA offers, WealthManagement.com additionally reported Thursday that sources acquainted with a pending acquisition anticipate Inventive Planning to amass a United Kingdom-based RIA with $4.8 billion in AUM.
For now, learn on for the offers which were booked.
Wealth Enhancement Pens Three Offers Totaling $1.1B
Wealth Enhancement, a Minneapolis-based registered funding advisor with greater than $131 billion in shopper belongings, has agreed to amass three corporations this week positioned in Wisconsin, Utah and California. The businesses oversee mixed shopper belongings of about $1.1 billion.
The most important agency Wealth Enhancement acquired by belongings is Wealth Advocates, a hybrid RIA based mostly in Logan, Utah, overseeing $476 million in belongings.
The agency is led by John Mickelson, wealth supervisor, and contains Managing Accomplice Patrick Jenkins, together with Ammon Doman, a monetary advisor, and a workers of six. They’d partnered with dealer/seller CreativeOne Securities, however will now be utilizing Wealth Enhancement Brokerage Companies, in line with a spokesperson.
The agency was based in 2017 with a deal with enterprise homeowners, retirees and present and former workers of the State of Utah, Intermountain Healthcare, Northrop Grumman and Utah State College. The group affords funding, tax, insurance coverage, property planning and revenue planning providers.
Wealth Enhancement additionally introduced the acquisition of RIA AEGIS Monetary, which has places of work in Oshkosh, Appleton and Milwaukee, Wis., overseeing $468 million in shopper belongings.
AEGIS was based in 1993 to offer monetary planning, retirement planning, tax mitigation, property planning and funding technique providers to households and enterprise homeowners in Wisconsin.
The agency is led by President William Bowman, who joined in 2011, when the corporate was affiliated with Raymond James, in line with BrokerCheck. AEGIS broke from Raymond James in 2019, when it went to dealer/seller Non-public Shopper Companies by means of 2020.
“Wisconsin has been a robust development marketplace for us since we first entered it in 2018, and we sit up for constructing on that momentum,” stated Jim Cahn, chief technique officer of Wealth Enhancement, in an announcement.
Clever Rhino suggested AEGIS within the transfer.
Lastly, Wealth Enhancement added Irvine, Calif.-based Spectrum Wealth Administration, which has each an RIA managing $182 million in shopper belongings and an affiliated licensed public accounting agency, Putman Group.
The group, comprising one advisor, 14 monetary professionals and 5 help workers, will relocate to Wealth Enhancement. Founder and Principal Benjamin Ross Putman leads the agency, which additionally contains CPAs Sanaz Afshar, Joseph Reese and Allan Ottens.
Wealth Enhancement is “notably enthusiastic about their deep specialization in tax planning, which is a important part of our built-in wealth administration mannequin,” CEO Jeff Dekko stated in an announcement.
Spectrum Wealth was based in 2002, and its affiliated tax follow, Putnam, has been in operation since 1991.
EP Wealth Acquires to Increase in Phoenix
EP Wealth Advisors, an acquisitive Torrance, Calif.-based RIA with $41 billion in belongings beneath administration, has grown its Phoenix space footprint with the acquisition of Clearview Wealth Advisors, a planning-focused RIA with $218 million in AUM.
Clearview Wealth is led by the father-son group of Michael and Corbin Coursey, serving shoppers within the Phoenix metropolitan space and the Pacific Northwest.
The group can be built-in into EP Wealth’s Phoenix area beneath regional administrators M.J. Nodilo and Adrian Larson.
The deal is EP Wealth’s ninth of 2025 to increase its base of 61 places of work in 22 states. The agency offered a minority stake to Ares Administration earlier this yr; Ares invested alongside Berkshire Companions, EP’s current minority fairness accomplice.
MCF Advisors Pens First Deal Since WPCG Stake
MCF Advisors, a Lexington, Ky.-based RIA with $3.9 billion in AUM, has made its first acquisition with an settlement to purchase Accredited Wealth Administration, a Louisville, Ky.-based fee-only RIA with $178 million in AUM.
The deal is MCF’s first because it acquired an fairness funding this March from Wealth Companions Capital Group and the Aspire Holdings platform of HGGC. The acquisition expands MCF’s presence in Louisville and strengthens its monetary planning and funding administration providers.
Accredited Wealth was based by managing companions Steve Giacobbe and Shawn Clark, who will now take the roles of senior monetary advisor and accomplice at MCF.
DayMark Wealth Companions Sells Minority Stake to Constellation Wealth
DayMark Wealth Companions, an Ohio-based Dynasty Monetary Companions member agency, introduced this week that non-public fairness agency Constellation Wealth Capital has acquired a minority stake within the Cincinnati-based RIA.
Constellation will be part of the possession group that features Mike Quin, co-founder and managing accomplice of the agency, which was launched in 2022. DayMark has grown from a seven-person group with $1.4 billion in AUM at its begin to greater than $4.5 billion. Along with Ohio, it has places of work in Connecticut, Florida, Illinois and Utah.
“The capital and strategic assets offered by CWC will enable our agency to proceed on our bold development path and, most significantly, lengthen our attain to assist much more shoppers profit from unbiased recommendation,” Quin stated in an announcement.
DayMark entered the Florida market earlier this yr by means of recruiting a group of Wells Fargo advisors who had managed a mixed $350 million in shopper belongings on the wirehouse’s unbiased contractor channel FiNet.
Houlihan Lokey and Dynasty Funding Financial institution have been the funding banking advisors to DayMark.
