Advisory M&A News – 2/11/2026

Osaic Affiliates With 2 Firms From LPL Financial

Osaic Inc. announced that IDT Capital Group Corp., an independent wealth management firm based in Melville, New York, is leaving LPL Financial and joining New York Financial Partners, an Osaic office of supervisory jurisdiction. In a separate agreement, Midtown Advisors LLC, an independent wealth management firm based in Raleigh, North Carolina, has also left LPL Financial to affiliate with Osaic.

Led by Financial Adviser David Calderon, IDT Capital Group oversees $186 million in client assets. Calderon selected Osaic for its expanded technology capabilities, enhanced trading access and alignment with his vision for client service, according to the announcement.

Led by Managing Director Tom Perry, Midtown Advisors manages $153 million in client assets and joins Osaic following 13 years with LPL Financial.

The Midtown Advisors team includes Director of Sales Operations Blake Perry and Officer Manager Stacey Nelson.

“Osaic’s end-to-end, integrated technology platform and robust product suite will enable us to further our mission of building lifelong relationships with our clients and partners,” Perry said in a statement. 

IDT Capital Group and Midtown Advisors join a growing roster of independent firms aligning with Osaic. Other recent additions include Sanders Wealth Management, True Wealth Advisors and Soundview Financial Group.

Osaic is a portfolio company of Reverence Capital Partners L.P., a wealth management strategies provider that supports more than 10,000 financial professionals.

CAPTRUST Acquires Alpha Cubed Investments

CAPTRUST Financial Advisors LLC acquired Alpha Cubed Investments LLC, a registered investment adviser that offers wealth management and financial planning for individuals and families.

ACI, headquartered in Orange County, California, with an additional office in Scottsdale, Arizona, has approximately $3.8 billion in assets. It is led by CEO and Chief Technical Analyst Todd Walsh and President Tony Jabczenski and has a team of 28 professionals, including 16 total advisers.

“From our earliest conversations, it was clear that Alpha Cubed Investments shares our commitment to putting clients at the center of every decision,” said Mike Wunderli, CAPTRUST’s managing director and head of mergers and acquisitions, in a statement. “ACI brings a differentiated, organic growth strategy built around highly effective advisory teams. That model strengthens efficiency, scalability, and the overall client experience.”

ACI joined CAPTRUST in January and will adopt the CAPTRUST brand, according to the announcement.

Bluespring Wealth Partners Adds $2.3B With New England Firm

SHP Financial, a Plymouth, Massachusetts-based financial planning firm currently overseeing $2.3 billion in total assets, was acquired by Bluespring Wealth Partners LLC.

SHP was founded in 2003 by Derek Gregoire, Matthew Peck and Keith Ellis Jr., who started their careers together in insurance.

Currently, the firm’s platform is supported by about 50 team members, including seven advisers and 18 additional financial services professionals. The team is located in the Massachusetts towns of Plymouth, Woburn and Hyannis. The firm’s planning offerings include its SHP Retirement Road Map, designed to make retirement planning more accessible and understandable.

In 2025, Bluespring’s acquisitions totaled more than $6 billion in assets under management.

Broadridge Enters Agreement to Buy CQG

Broadridge Financial Solutions Inc. agreed to buy the financial software company CQG Inc. Broadridge’s order management and client connectivity solutions will gain execution management, algorithmic trading and analytics capabilities through the acquisition.

“The acquisition of CQG will accelerate Broadridge’s mission to deliver advanced, highly connected trading solutions on a global scale,” said Frank Troise, president of Broadridge’s trading and connectivity solutions business, in a statement. 

Terms of the transaction were not disclosed and are not expected to have an impact on Broadridge’s financial results, according to the announcement. The acquisition is expected to close early in Broadridge’s fiscal fourth quarter, which ends on June 30.

Broadridge’s technology and operations platforms process and generate more than 7 billion communications annually and assist a daily average global trading of more than $15 trillion in equities, fixed income and other securities, according to the company. 

Advisers Launch F&M Investment Partners With Osaic

Michael Murray and Brian Fruend, Missouri-based veteran financial advisers, launched an independent firm, F&M Investment Partners, through Osaic Inc. Based in greater St. Louis, the advisers carry more than 60 years of combined experience and oversee $232 million in client assets.

Murray and Fruend sought a wealth management partner that could deliver institutional-scale resources while preserving the personalized service and flexibility of an independent firm, according to the announcement.

“Osaic has the tools and support we need to deliver more comprehensive wealth management solutions for our clients,” said Fruend, a partner in and investment executive at F&M Investment Partners.