RFG Pens Deal For $200M Georgia-based RIA
RFG Advisory, a Birmingham, Ala.-based hybrid RIA platform with $6.1 billion in property beneath administrationintroduced the addition of Black Oak Asset Administration, an impartial advisory agency primarily based in Alpharetta, Ga., managing greater than $200 million in shopper property. The agency, led by founder, President and monetary advisor Ryan Ledden, serves shoppers throughout the Southeast.
Black Oak made the transfer to enhance “scale and execution whereas preserving its independence and shopper relationships,” in accordance with the announcement.
Shannon Spotswood, CEO of RFG Advisory, mentioned in an announcement that “corporations like Black Oak are why RFG exists—for advisors who refuse to compromise on possession, progress or the longer term they’re constructing.”
Black Oak joins RFG with a five-advisor workforce together with Ledden, Nick Morgan, Autumn Mower, Damon Gibbs and Rick Howard.
RFG Advisory is majority-owned by Lengthy Ridge Fairness Companions.
Wealthspire Launches Household Workplace for UHNW Households
Wealthspire, a New York-based RIA managing virtually $600 billion in propertyintroduced the launch of a devoted household workplace to serve ultra-high-net-worth households.
Wealthspire Household Workplace emerges already serving over 300 households representing almost $50 billion in AUM, with the common household having greater than $130 million.
The brand new division comes as Wealthspire continues to take form following its acquisition by Madison Dearborn Companions from insurance coverage and danger agency Aon within the fall of 2025. That deal introduced collectively numerous corporations beneath the Wealthspire identify, and the household workplace will combine the providers of Wealthspire, Fiducient Non-public Shopper and Floor Management.
“Households with vital wealth are making extra consequential choices extra usually,” Chad Tischer, managing director and chair of the Wealthspire Household Workplace Council, mentioned in an announcement. “What they worth is a coordinated method that brings self-discipline to the method and continuity to the connection.”
Via the household workplace, shoppers will work with a lead advisor who coordinates throughout wealth, accounting, investments and monetary operations, in accordance with the RIA.
Accelerated Wealth RIA Investor Lands $200M From J.C. Flowers
Accelerated Wealth Companions, an RIA investor primarily based in New York, has gotten a dedication from non-public funding J.C. Flowers & Co for $200 million.
AWP was based in 2004 by Eric Amarthe previous chief progress officer at Focus Monetary Companions. Amar and workforce plan to amass and scale a choose group of RIAs by means of a partnership-led mannequin. The platform will emphasize “tech-enabled natural progress” and institutional-grade M&Some time sustaining boutique shopper experiences, in accordance with the announcement.
The funding will go towards AWP’s acquisition technique, which focuses on corporations with robust management, a transparent worth proposition, and a need to leverage institutional sources to speed up their progress.
“We’re not seeking to construct the biggest platform, however quite essentially the most distinctive,” Amar mentioned. “By partnering with a choose variety of corporations, we imagine we may also help them develop into true ‘class killers’ of their particular markets or shopper segments.”
Eric Rahe, managing director and co-president of J.C. Flowers, mentioned in an announcement that “Eric and his workforce have developed a method that prioritizes high quality and strategic depth over sheer headcount.”
Citywire first reported on the funding.
Wealth Enhancement Launches New RIA Platform With $6.7B Deal
Wealth Enhancement, the acquisitive Minneapolis-based RIAhas made its first deal of the 12 months for The H Group and FocusPoint Options, which collectively oversee greater than $6.7 billion in shopper property. The companies are led by founder and proprietor Chris Hicks and are headquartered in Portland, Ore., with further workplaces throughout the Pacific Northwest and Southwest.
FocusPoint Options will likely be integrated into Advisory Options Group, a newly shaped RIA affiliated with Wealth Enhancement that helps advisors and RIAs not working beneath Wealth Enhancement Advisory Companies.
“As we started exploring our subsequent chapter, we grew more and more enthusiastic about what Wealth Enhancement is constructing,” Hicks mentioned in an announcement. “We really feel assured they’re the fitting forward-thinking accomplice and platform for us to develop and finest serve our shoppers—each now and sooner or later.”
After the H Group and associates transaction, Wealth Enhancement will oversee about $142.6 billion in shopper advisory, belief, and brokerage property, together with $5.4 billion in property with its new RIA platform, Advisory Options Group.
Houlihan Lokey suggested on the deal; Citywire first reported the information.
First Manhattan Provides Wyoming-Based mostly Advisor Overseeing $300M
First Manhattan, a New York Metropolis-based RIA with over $36 billion in AUM, has acquired Beddow Capital Administration, an RIA primarily based in Jackson, Wyo., with over $300 million in AUM.
Beddow Capital founder Edward Beddow will function senior managing director and portfolio supervisor at First Manhattan; he has been in monetary providers for almost 40 years, having began his profession in funding banking at Dean Witter & Co.
“Ed has constructed a considerate, client-centered apply that has been pushed by profitable elementary investing over many a long time,” First Manhattan CEO Zachary Wydra mentioned in an announcement. “Simply as importantly, he recognises the advantage of becoming a member of a agency with the dimensions, infrastructure, and institutional stability that reinforces and enhances what he already does properly.”
Since its founding in 1964, First Manhattan has been independently owned and operated.
MCF Advisors Makes 2nd Acquisition Since WPCG Funding
MCF Advisors, a Kentucky-based RIA, has made its second acquisition since promoting a minority stake to Wealth Companions Capital Group and the Aspire Holdings platform of HGCC about one 12 months in the past.
MCF introduced Tuesday that it had acquired the Wealth Planning Company, a Cincinnati-based wealth administration agency overseeing roughly $617 million in AUM. The transaction closed on Feb. 27.
WPC joins MCF with 9 professionals, together with president Todd Steinbrink, who turns into regional director and accomplice, and vp of operations Angela Dietrich, who turns into director of shopper service and accomplice. Steinbrink had owned between 25% and 50% of the agency, and Dietrich had owned from 10% to 25% of the RIA, in accordance with its most up-to-date Kind ADV.
“MCF is a big agency with a deep bench of expertise and sources; nevertheless, it nonetheless supplies the personalised care and a focus one would anticipate from a boutique agency,” Steinbrink mentioned in an announcement.
