Recent Wealth Management Acquisitions in Missouri
Acquisition Volume in Wealth Management in Missouri by Year
Last 5 years
Missouri wealth management acquisitions from 2022 through 2025 show a consistent focus on expanding advisor distribution and strengthening regional presence—especially around the St. Louis area. Deals range from full acquisitions to minority stakes, with many transactions centered on adding RIA or multi-family office practices to existing platforms.
Across the listed events, platform buyers such as &Partners, Allworth Financial, Creative Planning, LLC, and Arax Investment Partners appear alongside growth and investment-focused firms like Rise Growth Partners and BW Forsyth Partners. Common themes include preserving independent culture while gaining access to advisor resources, tax and legal support, succession planning, and planning expertise.
Several Missouri transactions also reflect how talent and practice leadership are handled post-close. In multiple deals, founders and advisor teams are expected to continue in place, whether through equity partnership, board participation, or continued independent operations under a larger affiliation.
What Stands Out
- &Partners added Mannen Financial Group as its 100th advisor practice, emphasizing an ownership model intended to keep advisors as owners.
- Minority investments show up as a growth tool, including Rise Growth Partners in Krilogy and Summit Financial/Merchant Investment Management in Genex Consulting.
- Expansion is geographically concentrated in Missouri with recurring St. Louis–area targets (e.g., Kirkwood and Chesterfield).
- Roll-ups and office expansion are visible in Allworth Financial’s acquisition of Horseman Group and Creative Planning, LLC’s acquisition of Paradigm Financial Advisors.
- Deal language frequently highlights resources for scaling—such as in-house attorneys and tax specialists—while maintaining an “independent culture” for the target.
-
October 27, 2025
- Buyer
- &Partners
- Target
- Mannen Financial Group
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Addon
&Partners, an advisor- and employee-owned wealth management platform, announced that Mannen Financial Group has joined as its 100th advisor practice. The affiliation expands &Partners' footprint while preserving an ownership model that makes advisors owners; the firm now reports approximately $50 billion in pre-hire assets and $350 million in revenue.
-
October 22, 2025
- Buyer
- Rise Growth Partners
- Target
- Krilogy
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Growth capital
Rise Growth Partners has made a non-controlling minority investment in Krilogy, a St. Louis-based registered investment advisory firm managing roughly $4.0–4.1 billion in client assets. The partnership will provide capital, strategic resources and support for advisor talent development, succession planning and continued growth while preserving Krilogy’s independent culture.
-
August 5, 2025
- Buyer
- Arax Investment Partners
- Target
- Summit Wealth Strategies
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Addon
Arax Investment Partners, a RedBird-backed wealth-management platform, has acquired Summit Wealth Strategies, a Chesterfield, Missouri–based registered investment advisor with $1 billion in assets under management. Summit will join Arax Advisory Partners to expand Arax's Midwest presence; financial terms were not disclosed.
-
February 10, 2025
- Buyer
- Summit Financial, Merchant Investment Management
- Target
- Genex Consulting
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Growth capital
Summit Financial, in collaboration with Merchant Investment Management, has acquired a minority stake in Genex Consulting, a $700 million multi-family office based in Kirkwood, Missouri. The investment gives Genex access to Summit’s advisor platform and resources (in-house attorneys, tax specialists, financial planners and investment strategists) to scale and expand its wealth management services while maintaining its independent, high-touch model.
-
October 2, 2024
- Buyer
- BW Forsyth Partners
- Target
- Matter Family Office
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Growth capital
BW Forsyth Partners has made a strategic, long-term investment in Matter Family Office, a St. Louis-based multi-family office led by founder Kathy Lintz. Forsyth will provide capital to fund organic growth, future acquisitions and cultural programs, and will join Matter's board while Matter advisors and staff remain in place.
-
March 24, 2022
- Buyer
- Allworth Financial
- Target
- Horseman Group
- Seller
- Horseman Group, John Horseman, Bill Macher
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Addon
Allworth Financial has acquired Horseman Group, a St. Louis-based registered investment advisor, expanding Allworth's Midwest presence and increasing its office count to 24 across 10 states. Horseman’s 13-person team and ~$991 million in client assets join Allworth’s platform; financial terms were not disclosed.
-
February 1, 2022
- Buyer
- Creative Planning, LLC
- Target
- Paradigm Financial Advisors
- Industry
- Wealth Management
- Location
- Missouri, United States
- Type
- Buyout
Creative Planning, a large independent wealth management firm, has acquired Paradigm Financial Advisors, a St. Louis-area fee-only RIA managing over $600 million in AUM. Paradigm's owner Jim Reding becomes an equity partner and will serve as Managing Director of Creative Planning’s new St. Louis office; Creative Planning plans to leverage Paradigm’s advanced planning expertise to expand its high-net-worth services in the Midwest.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.
Frequently Asked Questions
Which Missouri wealth management transactions are covered in 2025?
The page highlights 2025 events in Missouri including &Partners’ addition of Mannen Financial Group (2025-10-27), Rise Growth Partners’ minority investment in Krilogy (2025-10-22), Arax Investment Partners’ acquisition of Summit Wealth Strategies (2025-08-05), and Summit Financial/Merchant Investment Management’s minority stake in Genex Consulting (2025-02-10).
Do these deals include minority investments or only full acquisitions?
Both. The page includes full acquisitions (e.g., Allworth Financial acquiring Horseman Group) and non-controlling minority investments (e.g., Rise Growth Partners in Krilogy, and Summit Financial/Merchant Investment Management in Genex Consulting).
Are the targets concentrated around a specific part of Missouri?
Many targets are located in the St. Louis area within Missouri, including Chesterfield and Kirkwood, as reflected by multiple 2022–2025 events on the page.
What kinds of operational support do buyers emphasize in these acquisitions?
Buyer summaries repeatedly point to resources that help scale the target’s services—such as advisor platforms and support functions (including legal and tax specialists), plus planning expertise and succession or talent-development support—often with an intent to preserve the target’s independent culture.