Ali Hibbs

David Wolf (L) has sold his $2.1 billion RIA to Sequoia Financial, helmed by Tom Haught (R).

Michelle Socha Vang (L) and Jolie McCarthy are joining Savant Wealth Management, led by Brent Brodeski (R), after selling their New York RIA in a deal enabling its CEO retire.

Registered investment advisor (RIA) mergers and acquisitions slowed in the first half of 2026, with transaction volume falling 9% to 120 deals, but acquired assets surged nearly 88% to a record $343 billion, according to Fidelity Investments. Larger transactions drove the increase, with median acquired assets rising 22% to $630 million and deals involving firms with more than $1 billion increasing 6%. Acquirers are increasingly targeting sophisticated, multidisciplinary practices with institutional capabilities, strong talent and integrated services such as retirement, tax, trust and alternative investments. Private equity remained dominant, backing 89% of transactions. The 20 largest acquirers accounted for nearly 60% of first-half deals.

MassMutual has agreed to sell a controlling interest in Flourish, a financial technology platform providing lending and cash management for independent RIAs, to private equity firm Aquiline Capital Partners.

The Red Granite team, which joined F.L.Putnam on Tuesday, includes: (L-R) Zachary Newcomer, David Drzadinski, Joel Vrabel, Lisa Sarff, Jeffrey Rogers and Richard Burling.

(L-R) Michael Wohlgemuth, Alexandra Escobedo, Trace Shapiro and Paul Yates took their $3.1 billion practice from BofA Private Bank to NewEdge Wealth this week.

New York City-based Savvy Wealth raised another $100 million in a Series C venture capital funding round, the registered investment advisor announced Wednesday.

Joe Parsons (L) and Holly Parsons Jinks have sold a portion of their firm’s revenue to join Wealthcare’s network of 1099 advisors, led by Matt Regan (R).

Modern Wealth’s new Jacksonville team (L-R): Paraplanner Lindsey Hall, Senior Advisor Josh Mandelkorn, Managing Director Chris Sanchez, Executive Advisor Dawn Sanchez Nicoles and Client Service Associate Alexandria Sanchez. (Director of Operations Jennifer Koeller not pictured.)

A California-based advisor accused of making unauthorized trades, taking confidential client records to his newly launched RIA and then concealing his firing has agreed to a three-year industry bar and to pay $266,000 in penalties.