Gallagher Expands Insurance, Benefits Footprint With $13.5B Deal
Insurance and benefits consultancy Gallagher has agreed to acquire AssuredPartners.
Tag: M&A
Voya Remains on Track for OneAmerica Retirement Integration in 2025
The firm’s head of wealth distribution and client engagement says plan sponsor client migration would likely start in 2025 and...
RIA Sector Hits Record M&A Activity in October
Meanwhile, private equity dominance continues, according to DeVoe & Co.
US Retirement & Benefits Partners Acquires Pension Planning Consultants
In an additional sign of further retirement, benefits and wealth consolidation, Alera Group acquired Berkshire Fairfield Insurance Agency and Scarafoni...
RIA Hightower to Take Majority Stake in NEPC
The deal will combine NEPC’s institutional investment, research and OCIO capabilities with Hightower’s rapidly growing registered investment advisory network.
Wealth Enhancement Group Acquires FinTrust Capital Advisors
The acquisition brings Wealth Enhancement Group’s assets under management to more than $94.7 billion.
Creative Planning Secures Minority Investment From TPG Capital
The investment was made through the private equity arm of TPG’s U.S. and European platform.
Voya to Acquire OneAmerica’s Retirement Plan Business
Voya will add more than $60 billion in AUA and new capabilities, including employee stock ownership plans.
Sequoia Adds $1.6B Wealth, Plan Advisory Arm
Sequoia Financial Group will acquire Eide Bailly’s wealth management unit in exchange for an equity stake in Sequoia.
Hub Acquires California-Based 401(k) Advisory
The aggregator bought the assets of Christopher Clark’s 401(k) advisory, with Clark joining a Hub private wealth office in California.
Prime Pensions Acquires Pennsylvania-Based TPA, Adds 350 Plans
The addition comes after Prime Pensions received PE backing from Lightyear Capital earlier this year.
M&A Activity Among RIAs Remains Strong in Q2
2024 is on track to top last year for dealmaking as firms address succession planning and need for scale.
OneDigital Bolsters Wealth, Retirement Plan Advisement in Western US
The aggregator pens its 18th acquisition in 2024 by bringing on $1.6 billion ASI Wealth Management.
CAPTRUST Tops $1T in Total Assets
CEO and Co-Founder Fielding Miller attributes part of growth to being one of the first 401(k) advisories: ‘We didn’t expect...
Expected Drop in Interest Rates Fuels Wealth Management M&A
An Echelon Partners report showed robust activity in mergers and acquisition in Q2.
Modern Wealth Surpasses $4B in Less Than 2 Years
The RIA formed by partners who broke away from Goldman Sachs is building a workplace retirement plan and wealth advisement...
Bain Capital and Partners to Acquire Envestnet for $4.5B
The firm is slated to go private through purchase by Bain Capital and Reverence Capital, along with partners BlackRock, Fidelity,...
Prime Capital Rebrands Qualified Plan Advisers Division
Prime Capital Retirement will be part of Prime Capital Financial in a wider rebrand.
M&A Shows Up As Top Driver of Recordkeeper Swaps in New Study
Poor service quality was another driver of recordkeeper moves, new research from Escalent finds.
OneDigital Promotes Bailey to Grow Northeast
Emily Bailey will oversee the New York to Maine region with an eye to build on the team’s roughly 400-person footprint.