Voya to Acquire OneAmerica’s Retirement Plan Business
Voya will add more than $60 billion in AUA and new capabilities, including employee stock ownership plans.
Tag: M&A
Sequoia Adds $1.6B Wealth, Plan Advisory Arm
Sequoia Financial Group will acquire Eide Bailly’s wealth management unit in exchange for an equity stake in Sequoia.
Hub Acquires California-Based 401(k) Advisory
The aggregator bought the assets of Christopher Clark’s 401(k) advisory, with Clark joining a Hub private wealth office in California.
Prime Pensions Acquires Pennsylvania-Based TPA, Adds 350 Plans
The addition comes after Prime Pensions received PE backing from Lightyear Capital earlier this year.
M&A Activity Among RIAs Remains Strong in Q2
2024 is on track to top last year for dealmaking as firms address succession planning and need for scale.
OneDigital Bolsters Wealth, Retirement Plan Advisement in Western US
The aggregator pens its 18th acquisition in 2024 by bringing on $1.6 billion ASI Wealth Management.
CAPTRUST Tops $1T in Total Assets
CEO and Co-Founder Fielding Miller attributes part of growth to being one of the first 401(k) advisories: ‘We didn’t expect...
Expected Drop in Interest Rates Fuels Wealth Management M&A
An Echelon Partners report showed robust activity in mergers and acquisition in Q2.
Modern Wealth Surpasses $4B in Less Than 2 Years
The RIA formed by partners who broke away from Goldman Sachs is building a workplace retirement plan and wealth advisement...
Bain Capital and Partners to Acquire Envestnet for $4.5B
The firm is slated to go private through purchase by Bain Capital and Reverence Capital, along with partners BlackRock, Fidelity,...
Prime Capital Rebrands Qualified Plan Advisers Division
Prime Capital Retirement will be part of Prime Capital Financial in a wider rebrand.
M&A Shows Up As Top Driver of Recordkeeper Swaps in New Study
Poor service quality was another driver of recordkeeper moves, new research from Escalent finds.
OneDigital Promotes Bailey to Grow Northeast
Emily Bailey will oversee the New York to Maine region with an eye to build on the team’s roughly 400-person footprint.
Marsh McLennan’s Mercer to Acquire UK-based Retirement Plan Consultant
Mercer parent Marsh McLennan will expand its international retirement footprint with purchase of Cardano.
Edelman Financial Continues Wealth Management Push with First Deal of 2024
The leading 401(k) managed account provider continues to build out its wealth planning footprint with acquisition of $453 million Soundmark.
CAPTRUST M&A Head Benton Leaving Firm
Rush Benton, who worked on more than 40 wealth management-focused deals, will be leaving to start his own business.
OneDigital, Creative Planning Announce Texas Acquisitions
Both firms made additions to expand their respective retirement plan and wealth management footprints in the state.
Ascensus to Acquire Mutual of Omaha’s 401(k) Business
Retirement services provider will add $3.9B in assets after providing outsourced recordkeeping to retirement division for years.
Private Equity’s Role Continues, With Shifts, in Retirement/Wealth Convergence
The impact of PE capital looks set to continue, but with evolutions that may be important for plan advisers to...
SageView Names New CFO, Adds Chief Growth Officer
The advisory announced two C-suite hires to prepare for the “next stage of growth strategy.”