Advisory M&A

MONECO Advisors Receives Strategic Minority Investment from Emigrant Partners

Emigrant Partners announced a strategic, non-voting minority investment in MONECO Advisors LLC, its third direct investment in 2023, expanding EP’s current portfolio to 21 platform investments.

Moneco is an independent wealth management business headquartered in Fairfield, Connecticut, managing $1.5 billion in assets under management across more than 2,300 clients.

“MONECO’s differentiated client and community-centric model, adviser partnership platform, and organic growth engine are highly compelling,” Jenny Souza, who was promoted to CEO and president of Emigrant Partners in May, said in a statement. “We were thoroughly impressed with MONECO’s leadership team, and they are well positioned for future growth in the New York Tri-State area.”

Integrated Partners Creates Insurance Solutions Division, Adds Key Staff

Integrated Partners announced the launch of its Integrated Insurance Solutions division and has hired Peter Kaplan as its senior vice president to lead the endeavor.

“The ever-increasing complexity of regulations and individuals’ financial circumstances has rendered this service indispensable for our high-net-worth clients,” Paul Saganey, Integrated Partners’ founder and CEO, said in a statement. “Peter’s enthusiasm for client service is unwavering, and it’s been a delight to build this out with him.”

Additionally, the firm has appointed Josh Benson as vice president of strategic relationships. Benson, who previously spent nearly 11 years at Orion Advisor Technology, most recently as vice president of business development, will serve as a liaison between all of Waltham, Massachusetts-based Integrated’s services.

Omnia Wealth Group Launches With Support From LPL Financial

LPL Financial LLC announced that financial advisers Isaac Hart, Robert Entwistle Jr., Matthew Malvitz and Sam Asani have joined the company to launch a new independent office, Omnia Wealth Group.

Prior to joining LPL from Edward Jones, the group reported having served an aggregate of approximately $400 million in advisory, brokerage and retirement plan assets.

“We all run similar practices, share the same client-centric values and appreciate the family-oriented Midwestern culture, so it made sense for us to come together under one umbrella,” Entwistle said in a statement. “We’re all friends, so it’s awesome we can do this together and start something bigger.”