Recent Wealth Management Acquisitions in New Jersey
Acquisition Volume in Wealth Management in New Jersey by Year
Last 5 years
Wealth management acquisitions in New Jersey span full buyouts, minority investments, and platform partnerships among registered investment advisory (RIA) firms. Deals highlighted here run from 2022 through 2026 and center on adding advisor teams, expanding office footprints, and bringing planning and advisory capabilities to larger platforms.
Across the listed transactions, recurring buyers include Simon Quick Advisors, Steward Partners, Rise Growth Partners, CW Advisors, LLC, Kelso & Company, Lovell Minnick Partners, Summit Financial, and Allworth Financial. Several moves also emphasize integration—such as advisory teams joining a broader brand (e.g., rebranding under a buyer’s platform) or combining capabilities across East Coast locations.
Some transactions are structured as strategic minority stakes, including LPL Financial Holdings Inc.’s minority investment in Private Advisor Group and Rise Growth Partners’ minority investment in Bleakley Financial Group. Others are outright acquisitions, including CW Advisors, LLC’s purchases of Delta Financial Group and Leathe & Associates, and Steward Partners’ acquisition of Mainstay Wealth Management.
What Stands Out
- East Coast expansion is a consistent theme, with New Jersey offices featuring prominently (e.g., Parsippany, Red Bank, Morristown).
- Advisor team additions and integration show up repeatedly, including rebranding into a buyer’s platform (e.g., Professional Planning Services moving into Simplicity’s platform).
- Minority stakes are used strategically alongside acquisitions—seen in transactions by LPL Financial Holdings Inc. and Rise Growth Partners.
- Planned growth via roll-ups and platform support appears in deals such as Summit Financial’s investment in Gateway Advisory and Kelso & Company’s investment alongside Lovell Minnick Partners in Pathstone.
| Buyer (recurring) | Deal type shown | What it adds (as described) |
|---|---|---|
| CW Advisors, LLC | Acquisitions | New fee-only RIA practice(s) and additional offices/teams |
| Summit Financial | Investment / integration | Expansion of a multi-family office platform |
| LPL Financial Holdings Inc. | Minority stake | Deeper strategic ties via an ownership position |
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January 11, 2026
- Buyer
- The Mather Group
- Target
- The Hogan-Knotts Financial Group
- Industry
- Wealth Management
- Location
- New Jersey, United States
- Type
- Buyout
The Mather Group, a Chicago-based fee-only registered investment advisory firm, has partnered with The Hogan-Knotts Financial Group of Red Bank, New Jersey, bringing the latter's ~$300 million AUM practice onto TMG's platform. The move expands TMG’s East Coast presence and adds planning and advisory resources as the Hogan-Knotts principals join the combined platform; financial terms were not disclosed.
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November 20, 2025
- Buyer
- LPL Financial Holdings Inc.
- Target
- Private Advisor Group
- Industry
- Wealth Management
- Location
- New Jersey, United States
- Type
- Growth capital
LPL Financial Holdings Inc. has acquired a minority ownership stake in Private Advisor Group, the Morristown, New Jersey–based RIA with $41.3 billion in AUM. Republic Capital Group served as the investment banking advisor to Private Advisor Group. The investment joins LPL with existing minority owner Merchant Investment Management and six legacy shareholders to deepen strategic ties and expand programs, technology, and operational support for advisors.
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September 17, 2025
- Buyer
- Simplicity Group
- Target
- Professional Planning Services
- Industry
- Wealth Management
- Location
- New Jersey, United States
- Type
- Buyout
Simplicity Group has acquired Professional Planning Services (PPS), welcoming Chris Lester, Keith Lester, and Katelyn Erchick as partners. PPS will rebrand into the Simplicity Wealth Advisors platform and operate out of Simplicity's Summit, New Jersey office to expand the firm's wealth and protection capabilities.
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- Buyer
- CW Advisors, LLC
- Target
- Delta Financial Group, Inc., Leathe & Associates
- Industry
- Wealth Management
- Location
- New Jersey, United States
- Type
- Buyout
CW Advisors, an SEC-registered investment management firm headquartered in Boston, has acquired Delta Financial Group, a fee-only RIA with $1.3 billion AUM based in Basking Ridge, New Jersey, and Leathe & Associates, an RIA in Eliot, Maine. Terms were not disclosed; Gladstone Group Inc. facilitated the Delta transaction. Following the deals, CW Advisors now operates 15 offices, has over 125 employees, and manages more than $12 billion of AUM.
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March 16, 2025
- Buyer
- Summit Financial
- Target
- Gateway Advisory
- Industry
- Wealth Management
- Location
- New Jersey, United States
- Type
- Addon
Summit Financial has made a strategic investment in Gateway Advisory, a New Jersey-based registered investment advisory firm with $830 million in assets under management. The Gateway team and principals will integrate into Summit’s Parsippany office as part of Summit’s ongoing roll-up of advisory practices to expand its multi‑family office platform.
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November 21, 2024
- Buyer
- Steward Partners
- Target
- Mainstay Wealth Management
- Industry
- Wealth Management
- Location
- New Jersey, United States
- Type
- Buyout
Steward Partners has acquired Mainstay Wealth Management, a 14-person advisory team led by Timothy Burklow Sr. and Matthew Rotella, adding four advisors and over $850 million of assets under management. The move expands Steward Partners' presence in New Jersey with a new Riverdale office and brings experienced advisors from Ameriprise to the firm's Legacy Division.
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October 4, 2024
- Buyer
- Allworth Financial
- Target
- George McKelvey Company
- Seller
- Robert McKelvey, Robert A. Giunco, Jr., Richard Looney
- Industry
- Wealth Management
- Location
- New Jersey, United States
- Type
- Buyout
Allworth Financial has acquired New Jersey-based George McKelvey Company, expanding Allworth’s East Coast footprint and bringing the Manasquan firm's nine advisors and eight support staff into Allworth’s platform. The acquisition adds over $1.1 billion in managed assets to Allworth’s business and increases its nationwide offices to 43; financial terms were not disclosed.
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August 20, 2024
- Buyer
- Rise Growth Partners
- Target
- Bleakley Financial Group
- Industry
- Wealth Management
- Location
- New Jersey, United States
- Type
- Growth capital
Rise Growth Partners has made its first strategic minority investment in Bleakley Financial Group to support Bleakley's national expansion and advisor-attraction strategy. Bleakley is a long-established wealth advisory firm managing nearly $10 billion in advisory assets as of June 30, 2024; Rise is backed by a $250 million commitment from Charlesbank to support its investments in RIAs.
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- Buyer
- Kelso & Company, Lovell Minnick Partners
- Target
- Pathstone
- Industry
- Wealth Management
- Location
- New Jersey, United States
- Type
- Growth capital
Kelso & Company completed a strategic equity investment in Pathstone in May 2023, joining existing investor Lovell Minnick Partners which is increasing its capital commitment. Pathstone, an independent wealth management and family office advisory firm with more than 350 employees across 17 offices and over $80 billion in client assets, will use the capital to invest in people, technology, and to accelerate its growth and M&A strategy while management continues to run day-to-day operations.
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April 15, 2022
- Buyer
- Cary Street Partners
- Target
- National Wealth Management
- Industry
- Wealth Management
- Location
- New Jersey, United States
- Type
- Buyout
Cary Street Partners has acquired Florham Park, New Jersey-based National Wealth Management, an SEC-registered investment adviser. The deal, which closed April 15, 2022, expands Cary Street's presence in metro New Jersey, strengthens its fee-based wealth management capabilities, and brings the combined firm's assets under management to approximately $5.5 billion.
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April 12, 2022
- Buyer
- Simon Quick Advisors
- Target
- Red Hook Management
- Industry
- Wealth Management
- Location
- New Jersey, United States
- Type
- Buyout
Simon Quick Advisors, an independent wealth management firm headquartered in Morristown, New Jersey, has merged with fellow Morristown RIA Red Hook Management. The deal brings roughly $420 million in AUM and three advisory professionals into Simon Quick, expanding the combined firm to about 68 employees and approximately $5 billion in assets under management while providing Red Hook with access to Simon Quick’s operational platform and technology.
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Frequently Asked Questions
What kinds of transactions are included in New Jersey wealth management acquisitions?
The page highlights a mix of outright acquisitions, strategic minority investments, and partnership-style moves among registered investment advisory (RIA) firms.
Which firms appear most often as buyers in these New Jersey deals?
Recurring buyers in the listed transactions include Simon Quick Advisors, Steward Partners, Rise Growth Partners, CW Advisors, LLC, Kelso & Company, Lovell Minnick Partners, Summit Financial, and Allworth Financial.
Are there minority-stake deals in New Jersey wealth management?
Yes. Examples include LPL Financial Holdings Inc. acquiring a minority stake in Private Advisor Group and Rise Growth Partners making a strategic minority investment in Bleakley Financial Group.
What do many acquirers emphasize after closing?
Many deals describe integration of advisory teams into the buyer’s platform, expansion of office presence in New Jersey, and increased planning/advisory resources as principals and staff join the combined firm.