The M&A Desk 13 stories this week · 82 total

The asset purchase adds more than 30 advisor teams and about $5.4 billion in assets, lifting Concurrent's total to $28.6 billion; no purchase price was disclosed.

The Atlanta fee-only firm closed Sept. 30 and adds a two-generation team serving physicians; terms were not disclosed.

The combined manager holds $2.6 trillion in assets, and the release claims top-ten positions in active equities, fixed income and private markets.

The release claims top-ten positions in active equities, fixed income and private markets but does not disclose what Nuveen paid or the cost savings.

The Hingham, Mass. firm would lift Hightower Signature Wealth past $40 billion in assets and mark the channel's third external acquisition this year.

The Minneapolis acquirer says the deal, expected to close in the fourth quarter, would be its largest to date and take it past $187.1 billion in client advisory, trust and brokerage assets.

The deal would lift the Minneapolis firm past $187.1 billion in client advisory, trust and brokerage assets, a total that includes $8.5 billion held with affiliated RIA Advisory Solutions Group.

Heartwood Wealth Advisors will bring a 13-person Richmond team and roughly $1.7 billion in assets to a Birmingham acquirer with seven closings since late January.

Fidelity's midyear report put the median acquired RIA at $630 million, up from $517 million, while a deal lawyer points to buyer selectivity.

Separate presidents give a buyer two businesses to price, and put a systems résumé over the assets that need reconciling most.

Two acquisitions since April and three open C-suite seats say the deal pipeline and the hiring plan are the same pipeline.

If the fourth-quarter count stays soft, the record run survives as a sponsor statistic — and the growth gets recruited instead.

Seventy-two closings record decisions made eighteen months earlier, so the repricing will land in 2027's consideration mix rather than its headline multiples.

Modern Wealth's succession buy, Corient's Cayman licence and Canaccord's retention clause all point the same way: buyers are paying for the parts of a wealth business that cannot resign.

Six closings in nine months makes Modern Wealth the cleanest test of whether founder exits below $500 million can be integrated as fast as they are bought.

Record volume survives 2026 on mandates already signed; the repricing starts in how buyers pay for the next 500 deals.

At 0.45% of Corient's assets, FortCay Family Advisory is the smallest deal among those announced, and its Cayman registration is the part competitors cannot recruit away.

Horizon's third acquisition in 18 months buys 200 advisor relationships that sit directly in front of the allocation decision.

Fourteen families and $2.6 billion come with the deal; the asset Corient is buying is a permanent Cayman footprint.

Two Melville RIAs shared a CIO and a referral loop for eight years, so the $1.2 billion headline describes a practice that already existed.

Two private equity firms negotiating late for the same advisory platform says the UK wealth business is now valued as a cash-flow asset with a retention clause attached.

With ticket charges gone and fund-company revenue sharing fading, the client record and the cash spread are what is left to own — and an asset manager now owns both.

A $2 billion Des Moines book is 1.2 percent of the platform and the ninth test this year of whether a roll-up's economics live in the buying or in the filling.

A $50 billion platform just bought the part of an advisory firm no Form ADV reports — the founder's personal network inside an airline.

Six acquisitions in eight and a half months at a shrinking average ticket, plus a gatekeeper purchase with no assets attached, say the price that matters is the one nobody quotes.

Creative Planning's RVK purchase fills a mega-market hole with a credential rather than a client book—and keeps the price its buyer will pay for RIAs unmarked.

Six deals in eight and a half months against twelve in the four years before, at an average ticket roughly a fifth smaller — the $12 billion milestone trails the cadence WPCG actually bought.

RVK advises $4.3 trillion and owns none of it, and the seat that delivers the advice has become the distribution rail four aggregators have now paid for.

The $5 billion headline counts relationships and balance sheets rather than managed money, which makes the fifteen-person team and its partner stake the actual purchase.

The $8 trillion platform's "much larger war chest" is the tell: what's being bought is distribution and the integration capacity to keep it.

A $367 million Ohio practice is the paperwork at the end of a two-decade courtship, which is how Carson has been buying without auctions.

Three transactions this week traded cash at close for retained equity and contingent payout, which is what a market looks like when buyers stop trusting the retention cliff.

The Bast deal adds a little over 2% to OnePoint's assets, and the terms nobody published are the ones that will price the next team through the door.

The RIA chiefs who welcomed the Altruist purchase priced it as a vendor story, when the referral economics on their own panel say it is a fee story.

A $710 million Jacksonville deal shows where the next blocks come from: founder exits with the family still attached, and a buyer whose constraint is servicing what it has already bought.

Six days after promising $1 billion to keep advisors in place, Envestnet is spending as much again on the software that makes leaving harder — and the roll-up wave's next contest is over middleware, not books.