Wealth Management Acquisitions in New York
New York Wealth Management Deal Themes
Wealth management acquisitions in New York from 2020–2026 highlight a few recurring paths: independent RIAs adding advisor teams, large platforms expanding investment and institutional advisory capabilities, and specialty wealth strategies scaling under bigger ecosystems.
Several deals also emphasize growth-through-integration. For example, Cerity Partners plans to merge with Verus Investments to expand institutional research and advisory capabilities, while Horizon Investments acquired a majority stake in Centre Asset Management to strengthen in-house investment capabilities for the financial advisor market.
Other transactions focus on succession and client/offering expansion in major New York markets, including Corient acquiring the multi-family office business of Geller & Company, and RIA-focused combinations such as Perigon Wealth Management acquiring Creative Financial Planning Inc.
What Stands Out
- RIA and advisor succession is a consistent theme, including practice take-ins and leadership joining acquirers (e.g., Uniting Wealth Partners; Perigon).
- Platform investment capability buildouts show up in acquisitions aimed at institutional clients and in-house portfolio capabilities (e.g., Mercer; Horizon).
- Multi-family office expansion appears directly, with Corient adding Geller’s multi-family office business and team to its platform.
- New York activity spans both New York City and broader upstate presence (e.g., Rochester-based practices and advisors joining firms).
- Deal structures vary from announced mergers and majority stake acquisitions to completed purchases and closed transactions; terms are often not disclosed.
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February 11, 2026
- Buyer
- Cerity Partners
- Target
- Verus Investments
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Cerity Partners, an independent U.S. wealth and investment management firm, announced it will merge with institutional investment consulting and advisory firm Verus Investments. The combined organization will operate under the Cerity Partners brand and is expected to expand Cerity’s institutional research and advisory capabilities, with the deal slated to close at the end of Q1 2026 subject to regulatory approvals.
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September 21, 2025
- Buyer
- Uniting Wealth Partners
- Target
- Dougherty & Associates Financial Advisors (Rick and Alecia Dougherty practice)
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Addon
Uniting Wealth Partners, an RIA succession incubator supported by the Wealth Advisor Growth Network, announced that Rick and Alecia Dougherty have joined the firm, bringing their Rochester-based financial advisory practice and $235 million in AUM. The move gives the Doughertys majority ownership of their practice and access to UWP's holding company resources to drive operational efficiencies, broaden services, and support succession planning.
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- Buyer
- Mercer, Marsh McLennan
- Target
- SECOR Asset Management
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Mercer, a business of Marsh McLennan, completed the acquisition of SECOR Asset Management to expand its investment capabilities for large institutional clients. The deal brings SECOR’s team of more than 40 professionals and its bespoke portfolio and fiduciary solutions into Mercer’s global investment platform; terms were not disclosed.
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- Buyer
- Horizon Investments, LLC
- Target
- Centre Asset Management
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Horizon Investments has closed its previously announced acquisition of a majority of the assets of Centre Asset Management, a New York–based active equity manager founded in 2006. The deal strengthens Horizon’s in-house investment capabilities for the financial advisor market and establishes an in-market presence in New York; terms were not disclosed.
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January 25, 2025
- Buyer
- Corient
- Target
- Geller & Company (multi-family office business)
- Seller
- Geller & Company
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Divestiture
Corient has acquired the multi‑family office business of Geller & Company (Geller MFO), a New York City‑based multi‑family office managing $10.4 billion in assets under management and advisement. The acquisition deepens Corient’s family‑office capabilities, expands its presence in a major market, and brings Geller’s team and clients onto Corient’s technology, operational and investment platform.
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August 21, 2024
- Buyer
- Abacus Life
- Target
- FCF Advisors
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Abacus Life announced a definitive agreement to acquire FCF Advisors, a New York-based asset manager and index provider focused on free cash flow investment strategies. The acquisition is expected to close in Q4 2024 and is intended to expand Abacus' ABL Wealth offerings within its suite of financial advisory products.
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- Buyer
- Perigon Wealth Management LLC
- Target
- Creative Financial Planning Inc.
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Perigon Wealth Management LLC, an independent RIA with approximately $7.75 billion in client assets, has acquired Creative Financial Planning Inc., a New York-based wealth management firm with roughly $150 million in AUM. Creative Financial Planning's founder Lisa Hayes and COO Daniel Gwizdak will join Perigon as wealth managers and partners; terms were not disclosed.
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April 3, 2024
- Buyer
- AlTi Tiedemann Global, Inc. (AlTi Global), Constellation Wealth Capital, Allianz X
- Target
- East End Advisors
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
AlTi Tiedemann Global, Inc. (NASDAQ: ALTI) completed its previously announced acquisition of East End Advisors, an independent advisory firm with approximately $5.6 billion in AUM. The deal includes an initial purchase price of about $76 million plus additional contingent consideration over five years, with East End’s leadership continuing as part of the AlTi ecosystem.
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January 16, 2024
- Buyer
- USI Consulting Group
- Target
- Burke Group
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
USI Consulting Group (USICG), a national retirement plan consulting and benefits administration firm and a subsidiary of USI Insurance Services, has acquired Burke Group, a Rochester, New York-based retirement plan advisory and actuarial firm. Burke will join USICG but will exit its compensation consulting business as part of the transaction; terms were not disclosed.
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- Buyer
- Wealth Enhancement Group
- Target
- Wealth Management Group, LLC
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Wealth Enhancement Group, a Minneapolis-based independent wealth management firm, has acquired Wealth Management Group, LLC, a hybrid RIA in Rochester, New York, bringing approximately $117 million in client assets. The acquisition adds another western New York office to Wealth Enhancement Group’s network and is intended to expand local presence and provide Wealth Management Group’s clients access to broader resources and services.
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- Buyer
- Wintrust Financial Corporation
- Target
- Rothschild & Co Asset Management U.S.
- Seller
- Rothschild & Co
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Divestiture
Wintrust Financial Corporation has completed the acquisition of Rothschild & Co's North American Asset Management units. The acquired U.S. asset management business will merge into Great Lakes Advisors, LLC, a Wintrust subsidiary. Terms of the transaction were not disclosed.
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February 27, 2023
- Buyer
- Clayton, Dubilier & Rice, Stone Point Capital LLC
- Target
- Focus Financial Partners Inc.
- Seller
- Focus Financial Partners stockholders
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Clayton, Dubilier & Rice (CD&R), with continued investment from Stone Point Capital, agreed to acquire Focus Financial Partners in an all-cash transaction valuing the company at an enterprise value in excess of $7 billion. Focus stockholders will receive $53 per share; Stone Point will retain a portion of its investment and provide new equity financing to support Focus as a private company, which the buyers say will provide greater financial and operating flexibility to grow the partner-firm network.
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January 19, 2023
- Buyer
- Parsonex Enterprises, Inc.
- Target
- E. Magnus Oppenheim & Co., Inc., E. Magnus Oppenheim Asset Management, Inc.
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Parsonex Enterprises, Inc. acquired E. Magnus Oppenheim & Co., Inc. and E. Magnus Oppenheim Asset Management, Inc., expanding Parsonex’s asset management capabilities and establishing a New York office. The deal, completed January 19, 2023, is intended to broaden Parsonex’s investment management offerings and national reach.
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- Buyer
- Genstar Capital, Lightyear Capital
- Target
- Cerity Partners
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Recapitalization
Genstar Capital led a recapitalization of Cerity Partners, with existing investor Lightyear Capital remaining invested. The transaction will support Cerity Partners' continued growth and strategic expansion as the wealth management firm scales its services across the U.S.
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- Buyer
- Wealth Enhancement Group
- Target
- Kings Point Capital Management, LLC
- Seller
- Jack L. Salzman, Jeffrey P. Bates, Jake A. Marshall IV
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Wealth Enhancement Group, a Minneapolis-based independent wealth management firm, has acquired Kings Point Capital Management, an independent RIA with offices in Great Neck, New York and Brentwood, Tennessee. The deal brings Kings Point’s $1.7 billion in client assets onto Wealth Enhancement Group’s platform, increasing the firm’s total client assets to about $55 billion and adding a team of five advisors plus 11 support staff.
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- Buyer
- Ameriprise Financial, Inc., Siena Wealth Advisory Group (Ameriprise)
- Target
- Signalert Asset Management, LLC
- Seller
- Dr. Marvin Appel, Signalert Asset Management, LLC
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Ameriprise Financial, through its Siena Wealth Advisory Group Long Island division, acquired Signalert Asset Management, LLC — the RIA led by Dr. Marvin Appel that manages $265 million in client assets. Appel will join the Siena Wealth team for one year to facilitate a smooth client transition as part of his planned retirement.
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February 11, 2022
- Buyer
- Cartesian Growth Corporation, Tiedemann Group, Alvarium Investments Limited
- Target
- Tiedemann Group, Alvarium Investments Limited
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Cartesian Growth Corporation (a publicly traded SPAC) filed a Form S-4 for a proposed business combination with the Tiedemann Group and Alvarium Investments Limited. The transaction would combine the parties to form Alvarium Tiedemann, which is expected to become the surviving going-forward public company.
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December 2, 2021
- Buyer
- Mercer Global Advisors, Inc. (Mercer Advisors)
- Target
- Mirsky Financial Management Corporation
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Addon
Mercer Global Advisors, Inc. (Mercer Advisors) has acquired Mirsky Financial Management Corporation (MFMC), a Rochester, New York-based wealth management firm with approximately $320 million in AUM. The deal expands Mercer Advisors' Northeast presence and brings MFMC's advisory and in-house tax capabilities and team into Mercer's platform.
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June 29, 2021
- Buyer
- Brighton Securities
- Target
- Worth Considering, Inc.
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Brighton Securities, an employee-owned wealth management firm based in Rochester, New York, acquired Worth Considering, Inc., a fee-only Registered Investment Advisor led by David Peartree. Brighton will fold the Worth Considering team into a new RIA, Brighton Securities Capital Management (BSCM), to expand advisory and portfolio management services for financial advisors and individual clients; financial terms were not disclosed.
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April 22, 2021
- Buyer
- OneDigital Investment Advisors, OneDigital
- Target
- Westminster Consulting, LLC
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
OneDigital Investment Advisors, a wholly-owned subsidiary of OneDigital, has acquired Westminster Consulting, LLC to expand its retirement and wealth advisory capabilities. The acquisition adds roughly $6 billion in assets under management across more than 71 retirement plans and brings the Westminster team into OneDigital's offices in Rochester, Syracuse, Princeton and Great River, NY.
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June 19, 2020
- Buyer
- Aimia Inc.
- Target
- Mittleman Brothers LLC, Mittleman Investment Management, LLC
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Aimia Inc. has closed the previously announced acquisition of Mittleman Brothers LLC, the parent company of Mittleman Investment Management, LLC. As part of the transaction Phil Mittleman was appointed permanent CEO of Aimia and Chris Mittleman named Chief Investment Officer and board member; Aimia said the deal provides a platform to execute its new strategy as an investment holding company.
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January 1, 2020
- Buyer
- Cerity Partners
- Target
- EMM Wealth
- Industry
- Wealth Management
- Location
- New York, United States
- Type
- Buyout
Cerity Partners, a Chicago-based independent financial advisory firm, announced a merger with New York-based EMM Wealth. The deal brings EMM Wealth's $3 billion AUM and 36 employees into Cerity Partners, expanding Cerity's presence and capabilities in New York and raising Cerity's total AUM to approximately $26 billion.
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Frequently Asked Questions
Which types of buyers are active in New York wealth management acquisitions?
Recurring acquirers include wealth and investment platforms and consulting/retirement-benefits firms, such as Cerity Partners, Mercer/Marsh McLennan, Horizon Investments, USI Consulting Group, and Corient.
What acquisition themes appear most often in New York deals?
Common themes include advisor-practice succession and team integration, expansion of investment/advisory capabilities (including institutional research), and scaling of specialty services such as multi-family office offerings.
Are these deals concentrated in New York City only?
No. The page includes activity in New York, United States with examples spanning New York City and upstate New York (including Rochester-based practices and advisory firms).
Do the page entries typically disclose deal terms?
Not consistently. Some transactions disclose elements such as purchase price and contingent consideration, while others note that terms were not disclosed.