June 17, 2020

CAPTRUST to Acquire Lakeside Wealth Management

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,…

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June 12, 2020

Athanase Purchases Majority Stake in Catella Fund Management

On June 10, 2020, Catella AB announced an agreement to sell the majority of Catella Fund Management AB to Athanase Industrial Partner.

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June 10, 2020

Allworth Financial to Acquire Capstone Capital

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…

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June 5, 2020

LPL Financial to Acquire Assets of E.K. Riley Investments

On May 27, 2020, LPL Financial LLC announced an agreement to acquire the assets of E.K. Riley Investments, LLC.

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June 3, 2020

CI Financial Buys Stake in Congress Wealth Management

On May 26, 2020, CI Financial Corp. announced an agreement to buy a stake in Congress Wealth Management, LLC.

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June 1, 2020

Emigrant Partners Acquires Minority Interest in Pure Financial Advisors

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…

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June 1, 2020

Houlihan Lokey Alternative Asset Update

Houlihan Lokey, Inc. published its Alternative Asset Update, which analyzes changes, trends and opportunities in the alternative asset industry. To read the report: please click here.

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May 29, 2020

M&G Acquires Ascentric from Royal London

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…

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May 18, 2020

Franklin Templeton Acquires AdvisorEngine

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…

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May 11, 2020

Emigrant Partners Acquires Minority Interest in Parallel Advisors

On May 4, 2020, Seward & Kissel client Emigrant Partners, LLC announced that it had made a minority investment in Parallel Advisors, LLC.

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