Advisory M&A News – 10/21/2026

Osaic Snags $2.3B Team From LPL

Osaic Inc. acquired ICG Next, a New Jersey-based wealth management firm managing approximately $2.3 billion in client assets. ICG Next joins Osaic from LPL Financial.

Headquartered in Wall Township, New Jersey, ICG Next is led by Managing Partner James Costabile and includes 21 financial advisers and a team of client service and operations professionals. The firm maintains an additional office in Melville, New York. ICG Next serves mass-affluent and high-net-worth families.

ICG Next selected Osaic following an evaluation of several major firms. Key factors in the decision included access to senior leadership, hands-on support for recruiting and acquisitions and the ability to operate and serve clients on the Fidelity National Financial Services platform, according to the announcement.

Beacon Pointe Advisors Acquires 3 RIA Firms

Beacon Pointe Advisors LLC acquired WorthPointe Financial Planners, Silver Lake Capital Partners LLC and R. Meier Wealth Management. The additions bring Beacon Pointe’s total assets under advisement to approximately $70 billion.

Based in California and Texas, WorthPointe is a financial planning and investment advisory firm overseeing approximately $1 billion in client assets. The firm’s credentialed professionals help individuals and families with financial planning, investment consulting, estate planning, asset protection, charitable giving and employer-sponsored retirement plan guidance.

Silver Lake Capital Partners is a Dallas-based wealth management firm advising approximately $200 million in client assets for individuals, families, foundations and retirement plans.

The acquisition of WorthPointe formally closed on October 15. The acquisition of Silver Lake Capital Partners formally closed on September 15. The acquisition of R. Meier Wealth Management formally closed on July 1.

Wealth Management Duo Joins CAPTRUST

CAPTRUST Financial Advisors added two Raleigh, North Carolina-based wealth management advisers, Clark Abbott and Robert Hartinger.

Previously part of RHA Wealth, Abbott and Hartinger serve over 190 clients and manage more than $300 million in client assets. Founded in 2021, their practice was built around financial planning and long-term relationships with business owners, entrepreneurs, affluent families and individuals moving towards retirement. They will move into CAPTRUST’s headquarters, along with three additional colleagues.

Consistent with previous transactions, the team will adopt the CAPTRUST brand. CAPTRUST has more than 2,000 employees nationwide, in addition to more than 590 employees in North Carolina.

Modern Wealth Buys $330M Firm 

Modern Wealth Management LLC, a registered investment advisory firm, acquired 4thGEN Wealth Management LLC, a Lodi, California-based advisory practice overseeing approximately $330 million in assets under management.

4thGEN’s three advisers, Kenneth Levy, Corey Daniel and Dudley McGee, will join Modern Wealth, along with Senior Client Associate DeAnn Murray and Business Development Specialist Chris Taylor.

For 4thGEN, succession planning was a central consideration in selecting a partner, but the advisers emphasized their intention to remain actively involved in the business.

Levy, Daniel and McGee plan to continue working with their clients following the acquisition, while the existing support team also remains in place.

Latigo Peak Launches Independent Wealth Management Firm

Latigo Peak Partners LLC, an independent wealth management firm serving ultra-high-net-worth individuals and families, has officially launched with approximately $18.6 billion in assets under management and a team of 48 professionals.

Founded by Phil Scott and Jim Atwood, Latigo Peak was created to combine the capabilities expected of a financial institution with the independence and flexibility of a founder-owned firm.

Scott and Atwood previously led two of the largest wealth management practices within J.P. Morgan Advisors. Over the last six years, the two advisers grew their combined revenue from $34 million to more than $130 million.

Latigo Peak is headquartered in Palm Beach Gardens, Florida, with additional offices in Bellevue, Washington, Boston and Los Angeles. It will operate a multi-custodial structure, selecting Charles Schwab and BNY Pershing for custody and lending solutions.