Advisory M&A News – 10/22/2025

Creative Planning Acquires Financial Abundance

Creative Planning LLC closed its acquisition of Financial Abundance Inc., a registered investment adviser based in State College, Pennsylvania, on September 30.

Financial Abundance, led by Founder and President Paul Nichols, has more than $275 million in assets under management.

Creative Planning and its affiliates had more than $390 billion in combined assets under management and advisement as of September 30.

AlphaCore Acquires SPC Financial

AlphaCore Wealth Advisory, an independent registered investment advisory firm based in La Jolla, California, acquired SPC Financial Inc. for an undisclosed amount.

SPC, a wealth advisory and tax services firm based in Rockville, Maryland, is led by President and CEO Edward Sella and has $1.5 billion in client assets.

The combined firms will have more than $8.5 billion in client assets and more than 100 employees in five offices nationwide.

The transaction is expected to close in the fourth quarter.

Prime Capital Financial Adds Tax Advisory Services

Prime Capital Financial formed a strategic partnership with Hartman Wanzor McNamara LLP, a tax advisory firm based in Fort Worth, Texas. The resulting firm, Prime Capital Tax Advisory, is the latest step in a multi-year plan to build a complete wealth management platform, according to the announcement.

Spencer Gregg, Frank Hartman, Summar Schiller and Nick Wanzor will join Prime Capital Tax Advisory as partners, and Josh McNamara will join as a managing partner.

Prime Capital Financial, headquartered in Overland Park, Kansas, offers financial planning, asset management and wealth management to more than 20,000 families at 70 offices nationwide.

Sowell Management, Rayliant Form Partnership

Sowell Management, a registered investment adviser, announced an exclusive partnership with Rayliant Investment Research, an asset management firm.

Jason Hsu, founder and chairman of Rayliant, will continue to lead his company while serving as Sowell’s chief investment strategist. He will collaborate with Sowell’s outsourced chief investment officer team and provide “institutional-caliber insights and strategies within a flexible, adviser-first platform,” according to the announcement.

Before founding Rayliant, Hsu co-founded Research Affiliates, where he ultimately served as vice chairman. He also serves on the board of directors at UCLA’s Anderson School of Management.

Sowell Management, based in North Little Rock, Arkansas, had a nationwide network of financial advisers representing more than $6 billion in client assets under management and advisement as of September.

Axtella Adds 2 Advisory Teams to Network

Axtella, a financial network of two broker/dealers and a registered investment adviser, added two more advisory teams—Christopher W. Judge and The Commonwealth Agency Inc.—with a combined $108 million in assets under management.

Judge, based in Ossining, New York, offers comprehensive employee benefits and investment planning to business owners. He is joined by his executive assistant.

The Commonwealth Agency team, consisting of Bill Gillett and three other professionals, is based in Fishkill, New York. They offer comprehensive investment planning, as well as planning for estates, long-term care and retirement income.

Axtella has a network of more than 700 financial advisers.

Hinck Private Wealth Management Joins Osaic From Commonwealth

Hinck Private Wealth Management joined Osaic Inc.’s network of independent advisers.

The Englewood, Florida-based team, led by CEO and founder John Hinck and managing partners Thomas and James Hinck, chose Osaic for its open-architecture technology and expansive wealth management platform, according to the announcement. Hinck was previous part of the Commonwealth Financial Network.

Osaic, based in Scottsdale, Arizona, supports approximately 11,000 financial professionals.

Rothschild Wealth Partners Acquires Siligmueller & Norvid

Rothschild Wealth Partners, a Chicago-based registered investment adviser and broker/dealer, acquired Siligmueller & Norvid Wealth Advisors LLC, an independent advisory firm based in Glen Ellyn, Illinois.

Founded in 1998 by Dale Siligmueller, who partnered with Steve Norvid in 2008, Siligmueller & Norvid manages approximately $300 million in client assets.

Rothschild Wealth Partners serves affluent individuals, multi-generational families, couples nearing retirement and businesses.

Rise Growth Partners Acquires Minority Stake in Krilogy

Rise Growth Partners LLC announced a strategic minority investment and long-term partnership with Krilogy Financial Inc.

Krilogy, a registered investment advisory firm based in St. Louis with more than $4 billion in assets under management, offers estate planning and tax services and an adviser training program.

Its 85-person team includes more than 40 wealth advisers, and its clients include entrepreneurs and multigenerational families.

Raymond James Adds 4 RIAs From Commonwealth

Raymond James & Associates Inc. added four financial advisers to Raymond James Financial Services Advisors Inc., its independent adviser channel.

Advisers Jody Chiapelli, Sara Hinthorne, Brian Keister and Joshua Keister, all based in Bethalto, Illinois, arrived from Commonwealth Financial Network, where they managed approximately $357 million in client assets.

The advisers will gain full access to Raymond James’ services, including wealth management resources, integrated technology platform, strategic and creative marketing and succession planning consulting.