Advisory M&A News – 9/9/25

SEIA Acquires Select Money Management

Signature Estate & Investment Advisors LLC acquired Select Money Management, an RIA and wealth management firm based in Aliso Viejo, California, with approximately $1.6 billion in assets under management.

Select Money Management, which specializes in faith-based investing, is the second-largest acquisition in SEIA’s history. According to the announcement, the partnership “provides a clear succession plan” for Select Money Management’s clients and advisers.

“This partnership is about continuity and care,” said Tony Amaradio, Select Money Management’s founder and chief strategist, in a statement. “Our clients will continue working with the same trusted advisers they know, now with access to SEIA’s expanded resources and capabilities.”

Matt Matrisian, SEIA’s president, said in a statement that Select Money Management has had “impressive growth” and shares his company’s “vision of holistic wealth management and long-term client care.”

SEIA is also adding AssetMark as a new custodial partner. Following this acquisition, SEIA has more than 200 employees in 28 offices nationwide and more than $30 billion in assets under advisement.

Creative Planning Acquires Grassi Investment Management

Creative Planning LLC announced its acquisition of Grassi Investment Management LLC, a wealth management firm located in Santa Clara, California, with approximately $1.3 billion in AUM.

The transaction was completed on August 28. All five members of Grassi Investment Management will join Creative Planning.

Peter Mallouk, Creative Planning’s president and CEO, praised Grassi Investment Management’s “commitment to personalized client service and expertise in customized portfolio solutions” in a statement.

Peter Grassi, owner and investment adviser at Grassi Investment Management, said in a statement, “Our decision to join Creative Planning was driven by our desire to expand our service capabilities and provide more comprehensive solutions for our clients.”

Creative Planning and its affiliates had more than $370 billion in combined AUM in 90 countries as of June 30.

Modern Wealth Acquires PSF/Galloway

Modern Wealth Management announced an asset purchase agreement of Public Safety Financial/Galloway, a registered investment adviser based in Mesa, Arizona, with $1.1 billion in AUM. The acquisition marks the official launch of Public Safety Financial, a division of Modern Wealth serving police officers, firefighters, government employees, military veterans and their families.

PSF/Galloway serves more than 3,000 public safety households across more than 100 police and fire departments, and many on the company’s 42-member team have first-responder backgrounds. It specializes in providing financial services to first responders and works on pensions, deferred retirement option plans and survivor assistance, as well as retirement and investment planning services.

“Launching a dedicated first responder division is a meaningful milestone for Modern Wealth,” said Jason Gordo, Modern Wealth’s co‑founder and president. “PSF/Galloway represents our first office in Arizona, our entry into the Southwest and an important step in our growth as we begin building a significant hub in the Phoenix area.”

Modern Wealth has more than $10 billion in AUM, and this is its fifth acquisition this year.

Beacon Pointe Advisors Acquires 3 RIAs

Beacon Pointe Advisors LLC has announced three recent acquisitions of registered investment advisers, bringing the firm’s total AUA to about $48 billion: Alderfer Bergen & Co. in Warsaw, Indiana; Moser Wealth Advisors LLC in Bellevue, Washington; and Amore Ambro LLC in Jericho, New York.

Alderfer Bergen & Co., which serves the orthopedic industry, has $650 million in AUM. Moser Wealth Advisors has about $270 million in client assets and Amore Ambro has $165 million in client assets.

Matt Cooper, president of Beacon Pointe Advisors, said in a statement that all three firms’ clients will be brought onto his company’s financial planning platform, allWEALTH.

The acquisitions of Alderfer Bergen & Co. and Amore Ambro formally closed on August 1 and August 16, respectively. Moser Wealth Advisors officially joined on September 1.

Shoreline Wealth Advisors Joins Parkwoods Wealth Partners

Shoreline Wealth Advisors, an Indiana-based registered investment adviser with approximately $350 million in AUA, has combined with Parkwoods Wealth Partners LLC.

The deal, which closed on August 1, included Shoreline’s affiliated tax preparation firm, Shore & Co. Shoreline clients will continue working with their existing advisers, and the Shoreline brand will transition to Parkwoods over the coming months.

Al Sears, Parkwoods’ founder and CEO, formerly worked as the president of BAM Advisor Services LLC, a turnkey asset management platform that included Shoreline as a member.

“For our team, this partnership is the natural next step,” said Bud Shore, Shoreline Wealth Advisors’ founder, in a statement. “[Co-owner] Jay [Bumbalough] and I have known Parkwoods’ leadership for years and share the same investment philosophy and planning emphasis.”

Bluespring Wealth Partners Acquires New Wall Street

Bluespring Wealth Partners LLC, an aggregator of independent RIAs and hybrid wealth management firms, acquired Kestra Financial firm New Wall Street. Based in Green Bay, Wisconsin, New Wall Street aims to maintain a low adviser-to-client ratio and currently oversees $135 million in AUM.

In a statement, Pradeep Jayaraman, Bluespring’s president, said New Wall Street’s “collaborative model and deep community roots make them a strong addition to our community of partners.”

Bluespring Wealth Partners has closed six merger-and-acquisition deals so far this year.