Marsh to Acquire Wilshire, Adding $221 Billion Under Management
Marsh’s agreed purchase of Wilshire adds $221 billion in assets under management and $1.6 trillion under advisement, with completion targeted for the first quarter of 2027.
Topic
Wealth Management
Topic
Wealth Management
LPL Financial Lands Four Wealth Practices With $2.035 Billion
Four practices with $2.035 billion in combined client assets joined LPL Financial, spanning Ohio, Idaho and 32 states of client r…
Contour Wealth Management Joins LPL Financial With $390M in Assets
LPL Financial has added Contour Wealth Management, a Boyertown advisory practice with about $390 million in client assets. Joe Bo…
Modern Wealth Lands $200 Million Centerbridge Bet Near $17 Billion AUM
Centerbridge leads a $200 million debt-and-equity investment in Modern Wealth Management, the three-year-old RIA nearing $17 bill…
SEI and Carlyle Launch PRVTX Interval Fund for Wealth Investors
SEI and Carlyle launched PRVTX, a closed-end interval fund giving wealth investors single-ticker access to private equity, credit…
Light Frame raises $5.1 million for private banking software
Light Frame secured $5.1 million in an oversubscribed seed round led by Fortino Ventures to expand its modular, cloud-native priv…
CW Advisors Adds $1.6 Billion in AUM Through Three Acquisitions
CW Advisors says three acquisitions added about $1.6 billion in AUM, extended the firm's national reach to 30 offices and added a…
National Bank of Canada to Buy Embark Student Corp. for C$226 Million
National Bank of Canada agreed to acquire Embark Student Corp. for an estimated C$226 million, adding a digital RESP platform wit…
PowerUp Money raises $10 million for Indian wealth advisory
PowerUp Money raised $10 million led by Flourish Ventures. The company says 1.5 million investors track over ₹2.5 trillion in mut…
Morgan Stanley Director Quit to Redefine Wealth as Well-Being
A former Morgan Stanley wealth director walked away in November 2015 to sell a different idea of wealth: four quadrants where car…
J.C. Flowers-Backed AWP to Invest in $5 Billion Wealth Manager Pallas
Accelerated Wealth Partners, backed by $200 million from J.C. Flowers, will invest in Pallas Capital Advisors, a $5 billion RIA,…