June 17, 2020
On June 10, 2020, CAPTRUST Financial Advisors announced an agreement to buy Lakeside Wealth Management. Pursuant to the agreement, CAPTRUST Financial Advisors (“CAPTRUST”) will buy Lakeside Wealth Management (“Lakeside”). Further terms were not disclosed. CAPTRUST, based in the Raleigh, is an independent registered investment advisor. As of March 31, 2020,…
June 12, 2020
On June 10, 2020, Catella AB announced an agreement to sell the majority of Catella Fund Management AB to Athanase Industrial Partner.
June 10, 2020
Pursuant to the agreement, Allworth Financial (“Allworth”) will acquire Capstone Capital, Inc. (“Capstone”). Further terms were not disclosed. Allworth, based in Sacramento, is an independent investment financial advisory firm that specializes in retirement planning, investment advising, tax planning & preparation, estate planning, and 401(k) management. As of January 2020, Allworth…
June 5, 2020
On May 27, 2020, LPL Financial LLC announced an agreement to acquire the assets of E.K. Riley Investments, LLC.
June 3, 2020
On May 26, 2020, CI Financial Corp. announced an agreement to buy a stake in Congress Wealth Management, LLC.
June 1, 2020
On May 27, 2020, Pure Financial Advisors, Inc. announced a minority stake investment by Seward & Kissel client Emigrant Partners, LLC. Pursuant to the terms of the transaction, Emigrant Partners, LLC (“Emigrant”) was issued a minority stake in Pure Financial Advisors, Inc. (“Pure Financial”). Terms of the deal were not…
June 1, 2020
May 29, 2020
On May 27, 2020, Royal London announced that it had sold Ascentric to M&G plc. Pursuant to the agreement, M&G plc (“M&G”) will acquire the platform business, Ascentric, from Royal London. Ascentric is a digital wrap and wealth management platform for advisers with £14 billion in assets under administration. The…
May 18, 2020
On May 6, 2020, Franklin Resources, Inc. announced that it had acquired AdvisorEngine, Inc. Pursuant to the agreement, Franklin Resources, Inc., which operates under the name Franklin Templeton (“Franklin Templeton”) has acquired AdvisorEngine, Inc. (“AdvisorEngine”). Terms of the deal were not disclosed. AdvisorEngine is a technology provider and consultant and…
May 11, 2020
On May 4, 2020, Seward & Kissel client Emigrant Partners, LLC announced that it had made a minority investment in Parallel Advisors, LLC.