Advisory M&A News – 10/7/2025

Mercer Advisors Acquires Singer Burke

Mercer Global Advisors Inc., a registered investment adviser, added Singer Burke, a Los Angeles-based wealth management, tax and business management firm, to Regis Group, Mercer Advisors’ specialized team dedicated to families with at least $25 million in investable assets.

Singer Burke consists of SB Capital Management Inc., a $1.2 billion RIA that offers comprehensive investment management and wealth planning services, and Singer Burke Zimmer & Kogan LLP, which offers accounting, tax, business management and financial consulting. It will also serve as the cornerstone of Mercer Advisors’ media, entertainment and creative professionals specialty practices, according to the announcement.

Mercer Advisors has $83 billion in total client assets under management and under advisement, with $20 billion across its ultra-high-net-worth offerings.

King Financial Network Joins Cetera’s Summit Financial Networks

King Financial Network, a wealth management firm with more than $1.1 billion in assets under administration, joined Summit Financial Networks, a region within Cetera Advisor Networks LLC.

The 14-person firm, based in Manalapan, New Jersey, formerly belonged to LPL Financial’s Commonwealth Financial Network. The team includes Founder Jim King Jr. and Partners Tony Kelly and A.J. Vignola.

Cetera firms managed more than $590 billion in assets under administration and $263 billion in assets under management, as of June 30.

BIP Wealth Acquires Prehmus Financial

BIP Wealth LLC, an Atlanta-based registered investment adviser, partnered with Prehmus Financial Partners, a wealth management firm with more than $900 million in assets under management. The acquisition, which closed on September 30, brings BIP’s AUM to more than $5 billion.

Prehmus Financial’s entire team will join BIP Wealth, and its clients will gain expanded access to BIP’s wealth management platform, advanced planning capabilities and client technology suite.

BIP Wealth provides investment management and planning solutions for high-net-worth individuals and families, institutional clients and corporate retirement plans. It has four Georgia offices—in Atlanta, Alpharetta, Columbus and Peachtree Corners—and a fifth office in Nashville, Tennessee.

Bluespring Wealth Partners Acquires Ray Olson

Bluespring Wealth Partners LLC, an aggregator of both independent registered investment advisers and hybrid wealth management firms, acquired Ray Olson LLC, a Richmond, Virginia-based firm managing more than $300 million in client assets.

Ray Olson, affiliated with Kestra Financial Inc., is a wealth planning partner for more than 265 households. Ray Olson will gain access to Bluespring’s operational scale, including human resources, payroll, technology support, and succession and leadership development programs.

Of Bluespring’s seven closed deals this year, five were with Kestra-affiliated firms.

Corient Acquires Bristlecone Advisors

Corient Private Wealth LLC acquired Bristlecone Advisors LLC, a registered investment adviser based in Bellevue, Washington, with approximately $2 billion in assets under management.

Bristlecone focuses on ultra-high and high-net-worth families and offers wealth management financial services, tax and estate services, philanthropy, real asset and risk management.

Corient managed approximately $216 billion in client assets, as of July 31.

Perigon Acquires Gitterman

Perigon Wealth Management LLC, a registered investment adviser, acquired Gitterman Wealth Management LLC and Gitterman Asset Management, based in Edison, New Jersey, which manage $1.3 billion in total client assets.

Gitterman Partners Jeffrey Gitterman and Eli Rauch will become managing directors at Perigon.

Gitterman works with individual investors, as well as college and university professionals through the New Jersey Alternate Benefit Program and the Public Employee Retirement System.

Following the acquisition of Gitterman, Perigon’s total AUM will be approximately $10.6 billion.

Edelman Financial Engines Acquires Hasenberg Financial Group

Edelman Financial Engines, an independent wealth planning and workplace investment advisory firm, acquired Hasenberg Financial Group, a financial advisory firm with more than $300 million in client assets.

Hasenberg, based in Eau Claire, Wisconsin, will operate under the EFE brand. It offers comprehensive financial advisory services with an emphasis on estate planning and financial education events.

EFE had $308 billion in assets under management as of June 30.