Tag: M and A

SPARK and The SPARK Institute were purchased from Robert Wuelfing and reorganized as a single non-profit, member-driven association.

LPL Financial is acquiring Fortigent, a provider of high-net-worth solutions and consulting services to RIAs, banks and trust companies. 

CBIZ, Inc. has acquired the actuarial and retirement plan consulting business of PSA Insurance and Financial Services. 

Tegrit Group, a provider of retirement plan consulting, administration, and technology services for public and private plan sponsors, has acquired Advisors Pension Services (APS) of Columbus, Ohio.

Retirement Solution Group (RSG) announced that the firm will be merging with RWC Pensions. 

Burns Advisory Group, an Oklahoma City-based wealth management firm, and Dallas-based Executive Financial Group are merging with a combined $600 million in client assets.

The Colony Group, a registered investment advisory firm (RIA) with approximately $1.3 billion in assets under management, will join Focus Financial Partners.  

Only a small proportion of companies take cultural issues into consideration as part of their integration plans for mergers and acquisitions (M&As), a Mercer survey has found.

Principal Global Investors, LLC made a definitive agreement to acquire a 74% stake in Origin Asset Management, LLP for approximately $66 million.

MetWest Ventures LLC announced it has acquired a majority interest in Reed Conner & Birdwell, LLC (RCB).

The investment advisory subsidiary of Arthur J. Gallagher & Co., GBS Investment Consulting, LLC. (GBS IC), has acquired Independent Fiduciary Services (IFS).

Mercer Investment Consulting, Inc. has signed an agreement with Milliman, Inc., to acquire portions of its wholly-owned investment consulting subsidiary, Evaluation Associates LLC.

Paychex, Inc., a provider of payroll, human resource, and benefits outsourcing solutions, has acquired ePlan Services, Inc., a provider of recordkeeping and administrative solutions to the defined contribution...

Schwab Advisor Services tracked 23 merger and acquisition deals among registered investment advisers (RIAs) in the first quarter of 2011.  

Rothschild Asset Management selected Michael Tamasco for the newly created position of Managing Director and Chief Marketing Officer.

Principal Global Investors has agreed to acquire a majority stake in Finisterre Capital LLP and Finisterre Holdings Limited, an emerging markets investor based in London.

Alliance Benefit Group Carolinas has become a division of Pentegra Retirement Services.

Schwab Advisor Services released its industry-wide registered investment adviser (RIA) mergers and acquisitions transaction report, which found there were 109 deals in 2010.   

Direct Access Partners, LLC, announced the acquisition of the institutional trading team from Kellogg Partners.

Reliance Trust, a subsidiary of the Reliance Financial Corporation, announced the acquisition of Harrington Wealth Management, a subsidiary of Pacific Western Bank.