In this week’s roundup, Horizon acquired Anfield; Corient agreed to acquire Letus; Wealth Enhancement will acquire two Shufro Rose groups; EP Wealth acquired Opes; Clearstead acquired a team from myCIO; Coastal Bridge, Waddell & Associates and One Charles Private Wealth merged; Osaic added Tri-State; LPL recruited Wayne McCormick; Carson acquired Ted Swenson’s practice; Vanilla partnered with Callan; Arch named Keith Soura Chief Technology Officer; and Lido appointed Dan Marquis as Chief Financial Officer.
Mergers & Acquisitions
Horizon Completes Acquisition Of Anfield Capital Management
Horizon completed its acquisition of Irvine, California-based Anfield Capital Management, adding Anfield’s fixed income investment expertise, outsourced chief investment officer practice, mutual funds and ETFs to Horizon’s platform. The Charlotte, North Carolina-based firm announced the transaction in December.
The transaction is Horizon’s second strategic addition in a little more than a year, following its April 2025 integration of New York-based equity manager Centre Asset Management. Horizon also launched a 12-fund active ETF suite in 2025 that reached more than $2.4 billion in AUM.
John Drahzal, President and CEO of Horizon Investments, said, “Anfield enhances the depth of solutions we offer financial advisors, particularly in the fixed income space. In a market that’s increasingly complex, Anfield’s expertise, product suite, and OCIO capabilities strengthen our ability to deliver practical, advisor-first solutions that help clients navigate uncertainty and capture opportunities across fixed income markets.”
Corient To Acquire France-Based Letus Private Office
Corient agreed to acquire Letus Private Office, a Paris-based independent multi-family office and wealth advisory firm serving entrepreneurs, founders and other ultra-high net worth clients across France and Europe. The transaction would add a firm managing and administering approximately $5 billion as of Dec. 31, and would bring Corient’s global assets to about $523 billion.
Letus was founded in 2016 and is led by Managing Partners Anice Chlagou, Stephen Lasry and Alexandre Tsouli, and Partner Sacha Levy. Its services include investment management, wealth and estate planning, financing, legal and tax support, philanthropy and assistance with complex asset-based transactions involving real estate, art, hotels, vineyards, farms, aircraft, yachts and other property. Upon closing, Letus principals will become Corient Partners.
Kurt MacAlpine, Founding Partner and CEO of Corient, said, “Letus has built a dynamic and entrepreneurial firm that is redefining what exceptional family office service looks like for successful families and business owners. Their talented team and deep relationships in the French market make them a perfect fit for our partnership. We are excited to welcome them to Corient.”
Wealth Enhancement To Acquire Two Shufro Rose Groups
Wealth Enhancement said it will acquire two New York-based Shufro Rose groups with more than $1.3 billion in combined client assets. The Shufro-Glass Group, led by Gregory D. Shufro and Steven J. Glass, managed over $760 million as of June 22. The Kaminsky-Silverman Group, led by Tonia L. Kaminsky and Barbara Silverman, managed over $554 million as of June 22.
Both acquisitions are expected to close in August 2026. Shufro and Glass will become equity holders of Wealth Enhancement after their transaction closes, the firm said. The Shufro-Glass Group was advised by Nesvold Capital Partners, and the Kaminsky-Silverman Group was advised by DeVoe & Company.
Glass said, “Helping clients use their financial resources to achieve their goals has been the most rewarding part of my nearly 40-year career. While building and managing our firm has been an important part of that journey, the increasing complexity of running an advisory business takes time away from serving clients.”
EP Wealth Acquires Opes Wealth Management In California
EP Wealth Advisors, a fee-only RIA, acquired Menlo Park, California-based Opes Wealth Management, adding over $900 million in assets under management (AUM) and expanding its presence in Northern California. Eight Opes team members will join EP Wealth. Mark Duvall, Opes’ Founder, and Erin Whalen will serve as Regional Directors at EP Wealth.
Opes was founded in 2005 to combine real estate and wealth management expertise, drawing on Duvall’s background in West Coast real estate development. The team serves technology professionals, including Apple and Google employees, throughout Silicon Valley. The transaction is EP Wealth’s fifth partnership of 2026. Alaris Acquisitions served as advisor to Opes.
Duvall said, “From the beginning, Opes has been built around the belief that clients are best served through integrated advice. As we considered the next chapter for our firm, it was important to find a partner that shared that philosophy and commitment to putting clients first. EP Wealth offers the resources to enhance our business for the future.”
Clearstead Buys $2.6 Billion Philadelphia Team From myCIO
Cleveland-based RIA Clearstead Advisors acquired a Philadelphia-based wealth management team from myCIO Wealth Partners, adding a group that advised on about $2.6 billion of regulatory AUM of March 31. The transaction closed June 30 and expands Clearstead’s high net worth wealth management, retirement plan consulting and tax capabilities.
Paul Bracaglia leads the nine-person team, which includes Senior Advisors Phil Bonelli, Michael Finelli, Bruce Fenster and Jackson Davey. The team serves high net worth investors, families and retirement plans across the Northeast, Mid-Atlantic and Southeast, and the five advisors will become Clearstead Partners. Colchester Partners served as financial advisor to myCIO. After the deal, Clearstead advises on about $68 billion in total client assets, including about $37 billion under management.
Brad Knapp, CEO of Clearstead Advisors, said, “Clearstead’s M&A strategy is centered on partnering with firms and teams that enhance outcomes for our clients, create opportunity for our colleagues, expand our capabilities, and extend our geographic reach. We prioritize culturally aligned organizations that share our client-first, fiduciary mindset, and a commitment to serving high-net-worth and ultra-high-net-worth individuals, family offices, and institutional clients.”
Coastal Bridge, Waddell And One Charles Merge
Coastal Bridge Advisors, Waddell & Associates and One Charles Private Wealth completed a merger that creates a combined advisory firm with over $10 billion in AUM as of June 30. The unified firm will operate under the Coastal Bridge name and combine offices in Massachusetts, Connecticut, North Carolina, Tennessee, Florida and California, adding scale across multiple regional markets.
The combined firm brings together approximately 20 partners and 52 professionals. David Waddell, formerly CEO and Chief Investment Strategist of Waddell & Associates, serves as Chairman and Chief Investment Strategist of Coastal Bridge. Kevin G. Burns, Coastal Bridge’s Founder, is Co-Chairman; Jim Betzig is CEO; Mark Dupont is President; and Bill Loftus is Chief Revenue Officer. One Charles Founders Paul Squarcia and Erik Wallin joined as Managing Partners in Florida and Massachusetts, respectively.
Burns said, “It’s an exciting time in the evolution of Coastal Bridge Advisors. I am honored to welcome David as CBA’s new chairman and chief investment strategist. His market acumen and the incredible culture he and his firm have built over four decades are a perfect complement to ours. Together with Paul Squarcia, Erik Wallin and their team from One Charles Private Wealth, we are stronger on many levels.”
Carson Acquires Ted Swenson’s Colorado Practice
Carson Group acquired the practice led by Ted Swenson, Managing Partner and Wealth Advisor, making the Arvada, Colorado-based practice an integrated Carson Wealth office. Swenson serves approximately $270 million in advisory and brokerage assets. Carson Group said it manages over $60 billion in assets across its advisory network and Carson Wealth locations.
Swenson has been affiliated with Carson since 2018 and participated in Carson coaching programs before joining the Carson community. His practice, which focuses on investment management, retirement planning, tax strategies and estate planning, becomes Carson Wealth’s 47th integrated office.
Burt White, CEO of Carson Group, said, “Ted’s journey with Carson is a powerful example of what makes our model different. He’s spent years working alongside Carson, leveraging our resources and support while building a thriving business. We’re honored that he recognized how our integrated platform can help him deliver even greater value to clients and position his practice for the future.”
Advisor Transactions
Osaic Adds $575 Million Tri-State To W-2 Channel
Osaic said Cincinnati-based Tri-State Financial Group, an advisory team overseeing approximately $575 million in assets under advisement, transitioned to Osaic’s Empowered Independence W-2 channel. Tri-State had been affiliated with Osaic through its legacy Lincoln business. Managing Director Michael George has been affiliated since 1981, and Michelle Metzger has been affiliated since 1999, the company said.
Tri-State includes two advisory practices operating from the same branch location, led by George and Metzger alongside Advisors Rhonda Matarese and Michael Metzger. The team serves individuals, families and businesses with financial planning and wealth management guidance.
George said, “Our clients have trusted us through many important life and financial decisions, and we take seriously the responsibility of ensuring they continue to receive the same level of care and attention well into the future. Osaic’s Empowered Independence model gives us the ability to keep doing the work we love while putting a strong plan in place for continuity, succession and the next generation of client relationships.”
LPL Recruits Wayne McCormick To Linsco
LPL Financial recruited Wayne McCormick, who joined to launch McCormick Private Wealth through Linsco by LPL Financial, an employee advisor channel. McCormick reported serving approximately $340 million in advisory, brokerage and retirement plan assets as of Dec. 31, and joined LPL from Steward Partners. Based in Manchester, New Hampshire, the team also includes Michelle Lauder and Bo Denniston, and serves individuals and families across retirement and multigenerational planning needs.
McCormick has 30 years of financial services experience, including lending, credit, retirement planning and insurance, and has worked as a financial advisor for the past 16 years. LPL supports more than 32,000 financial advisors across multiple affiliation models.
McCormick said, “What stood out was the ability to combine a seamless technology experience with the flexibility to choose the solutions that best serve our clients. That efficiency allows us to spend more time focused on relationships and planning, while maintaining the independence of a boutique practice backed by the resources of an industry leader.”
Strategic Partnerships
Vanilla Partners With Callan Family Office
Vanilla, an estate planning platform for wealth management firms, announced a strategic partnership with RIA Callan Family Office, which serves ultra-high net worth families, family offices, foundations and endowments. The arrangement includes a strategic investment by Callan Family Office in Vanilla and a joint product development and go-to-market agreement focused on estate planning technology for the ultra-high net worth market.
Joint product development will focus on consolidated multigenerational planning visualizations and reporting, support for complex entity and asset ownership structures, and deeper data connectivity between Vanilla and systems used by family offices. The go-to-market plan includes joint thought leadership, events and distribution efforts.
Jack Ginter, CEO of Callan Family Office, said, “The partners of Callan Family Office have worked with ultra-high-net-worth investors for decades on average, and we have seen firsthand the limitations of the systems to handle the most complex estate planning needs. Our work with Vanilla is designed to bring together the best of both technology and expertise to help families preserve wealth across generations.”
Promotions & People Moves
Arch Names Keith Soura As Chief Technology Officer
Arch appointed Keith Soura as Chief Technology Officer, with responsibility for the technical vision and end-to-end development of its private markets platform. His role covers architecture, engineering and product delivery for banks, investment advisors, accounting firms, family offices and institutional allocators.
Soura joins Arch from mortgage fintech Better.com, where he led engineering. At Arch, he will lead product and engineering teams as the firm works on automation, data visibility and AI tools for private markets investors and allocators. Arch said its platform supports $460 billion in private assets across 575 allocators.
Ryan Eisenman, Co-Founder and CEO of Arch, said, “Private markets are entering a new era. For years, we’ve helped investors automate the operational work behind private investments. The opportunity is much bigger. We believe the future of private markets will be built on trusted infrastructure that doesn’t just centralize information or automate work, but helps investors understand risk, operate with confidence, and make better decisions.”
Lido Advisors Appoints Dan Marquis As CFO
RIA Lido Advisors appointed Dan Marquis as Chief Financial Officer. Marquis has two decades of experience and joins the firm as it builds out its Lido One platform for investment management, tax planning and estate planning.
As CFO, Marquis will oversee financial operations and planning, work with senior leadership and the board on capital strategy, and help guide expansion. He most recently served as Managing Director of FP&A and Capital Markets at Carson Group. The Los Angeles-based firm said it has over $42.5 billion in regulatory AUM.
Marquis said, “Lido has built something genuinely differentiated in the wealth management space, a platform that brings together investment management, financial planning, tax strategy, and trust and estate in a way that truly serves clients. I’m excited to join a leadership team with this level of ambition and to help provide the financial foundation that supports the next chapter of Lido’s growth.”
Wealth Solutions Report can be reached at info@wealthsolutionsreport.com.
