The M&A bulletins are coming quick and livid to spherical out a really busy 2025.
This week, Wealth Enhancement acquired a registered funding advisor with a dealer/vendor managing $2.2 billion in belongings, Dynasty Monetary Companions agency Procyon acquired a $500 million RIA in Michigan and Texas, and a health care provider and healthcare professional-focused observe, Earned, acquired an Ohio RIA managing $900 million.
These had been simply a number of the offers booked this week. Under are extra notable ones throughout the monetary recommendation business.
Lido Acquires $500M RIA in House State of California
Lido Advisors, the acquisitive Los Angeles-based RIA that has grown to $38 billion in belongings beneath administration, has acquired Stuart Chaussée & Associates, a family-run wealth administration agency based mostly in Palos Verdes, Calif.
Stuart Chaussée is a fee-only agency based in 1997, managing over $500 million in belongings for high-net-worth shoppers. Stuart Chaussée runs the agency, which incorporates his son, an affiliate monetary advisor.
Brightstar Legislation Group suggested Stuart Chaussée on the deal, and Sidley Austin LLP suggested Lido.
Lido is owned by a mixture of staff and traders, Charlesbank Capital Companions, HPS Funding Companions and Constellation Wealth Capital.
401(ok) Supplier Vestwell Acquires 30,000 Retirement Plans from Guideline
Vestwell, a New York-based retirement plan and options supplier, has agreed to amass Accrue 401k, an entity shaped after Gusto acquired the retirement plan enterprise of Guideline 401(ok).
By the deal, Vestwell will add about 30,000 retirement plans and 350,000 plan individuals to its platform. The additions will imply extra plans to sync with its companions throughout payroll, monetary companies, and authorities financial savings applications.
Payroll human sources software program agency Gusto initially acquired the plans in August, however they weren’t included into its new 401(ok) plan platform, in response to the announcement from Vestwell. Guideline acknowledged on the time of its sale that it was working with over 1 million savers.
As soon as the deal is full, Vestwell would be the retirement plan platform for Accrue 401(ok) shoppers who entry their plans via payroll suppliers that aren’t Gusto, with Vestwell corporations starting from Intuit QuickBooks to Rippling to Paylocity, amongst others.
“Payroll connectivity is the muse for office financial savings,” Aaron Schumm, founder and CEO of Vestwell, stated in an announcement. “Automated integrations guarantee staff can save effortlessly, and employers can supply instrumental advantages with out added complexity.”
Guideline was began in 2015 as one of many first on-line 401(ok) plan suppliers in search of to compete with legacy report keepers. Vestwell entered as a competitor in 2016.
MAI Capital Lands $527M Maryland-based RIA
MAI Capital Administration, a Cleveland-based RIA that has greater than doubled its belongings beneath administration and advisement this yr to $69 billion, introduced the acquisition of Lowe Wealth Advisors, an RIA based mostly in Columbia, Md., serving roughly 470 households.
Lowe Wealth Advisors was shaped in 1980 by Harold Lowe and two colleagues who had been centered on fee-based monetary planning. Harold’s son, Gregoy Lowe, joined in 1994 and is now vice chairman, chief compliance officer and chief working officer.
Harold and Gregory Lowe will likely be senior managing administrators at MAI, with the agency and its seven different staff taking up the MAI model and having access to its community of human sources, operations, know-how and advertising and marketing capabilities.
The RIA builds out MAI’s presence within the Baltimore space, whereas bringing a specialization in each ultra-high-net-worth households and small enterprise house owners, in addition to medical and trauma care professionals, which give monetary planning that features property focus.
Lowe Wealth Administration is MAI’s nineteenth acquisition since January 2024. The RIA is owned by Galway Holdings, its staff and minority investor Wealth Companions Capital Group.
Mercer Buys Oregon-based RIA
Mercer World Advisors, an acquisitive Denver-based RIA, introduced a second deal in December with the acquisition of Thompson Advisory Companies, a Portland, Ore.-based RIA managing roughly $260 million in shopper belongings.
Troy Thompson based the agency in 2009 to supply shoppers with funding administration, monetary and property planning, insurance coverage, tax methods, and tax preparation companies. The agency works with over 90 households by way of a four-person crew that can be a part of Mercer and tackle the nationwide RIA’s identify.
“Portland is a key marketplace for Mercer Advisors as we proceed to broaden our presence within the Northwest,” stated Jessica Caruso, government managing director at Mercer. “Troy and his crew embody the fiduciary, planning-first philosophy we worth in each partnership, and we’re excited to welcome them to Mercer Advisors.”
Mercer Advisors is the mother or father firm of Mercer World Advisors and is majority owned by Oak Hill Capital, Genstar Capital and Altas Companions, with staff holding the remaining fairness. It has grown to over 1,400 staff and $90 billion in shopper belongings since its founding in 1985.
