In this week’s roundup, LPL agreed to acquire Mariner Advisor Network while Private Advisor Group will take its hybrid RIA business; DeVoe reported a record-tying first quarter for RIA M&A; OnePoint BFG added Armstrong & Sinoff; Wealth Enhancement acquired FullCircle Wealth; Corient agreed to buy Bedrock Group; Wealth.com raised a Series B round; Integrated added SIGIL Family Office; Caprock opened a Denver office; and Docupace, Hightower, Oppenheimer and Osaic each announced senior leadership appointments.
Editor in Chief’s Take:
The strength of RIA M&A in DeVoe & Company’s first quarter report will surprise no one, but the report added valuable nuance to what’s happening within the M&A surge. Smaller sellers are falling behind larger ones. At the same time, minority investments are turning toward sub-$2 billion sellers. And integrators, which DeVoe defines as firms seeking full integration and majority ownership, are far outpacing aggregators, which allow for more independence and often buy minority stakes.
The details are important because the M&A market is far from commoditized. Each deal is unique, and the trends underlying the headline numbers matter greatly to firms contemplating a transaction.
– Julius Buchanan, Editor in Chief, Wealth Solutions Report
Mergers & Acquisitions
LPL To Buy Mariner Advisor Network
LPL Financial said it agreed to acquire Mariner Advisor Network, while Private Advisor Group, in partnership with LPL, will acquire the network’s hybrid advisors and place them under its hybrid RIA business. Mariner Advisor Network supports 367 financial advisors overseeing $31 billion in client assets, according to the firms. Of those advisors, 223 will remain with LPL, while 144 hybrid advisors will move to Private Advisor Group’s model.
The firms said client service will continue without interruption during the transition. Private Advisor Group, based in Morristown, New Jersey, had more than $41.3 billion in assets under management (AUM) as of June 30, according to the firm. LPL supports more than 32,000 advisors and the wealth management practices of about 1,200 financial institutions.
Marc Cohen, Group Managing Director and Chief Growth Officer at LPL Financial, said: “We recognized an opportunity to deepen our relationship with the advisors affiliated with the Mariner Advisor Network by welcoming them into our growing supported independence community, one built on collaboration and a commitment to advisor success.”
DeVoe Says Q1 Tied Record For RIA M&A Activity
DeVoe & Company said 93 RIA M&A transactions were announced in the first quarter of 2026, up 24% from 75 in the year-earlier quarter and tying Q3 2025 as the most active quarter on record. The firm said the results marked the strongest start to a year in RIA M&A history, with larger RIAs driving activity and smaller sellers accounting for a declining share of the market.
The report said mid-sized, large and mega firms drove deal activity, while small sellers fell to about 32% of the market. Minority transactions made up 15% of activity, up from 14% for 2025, and an increasing share of those investments targeted RIAs with less than $2 billion in AUM.
David DeVoe, Founder and CEO of DeVoe & Company, said: “Firms in the $100M–$500M range once made up about half the market in 2023. Today, they account for less than a third. The driver isn’t fewer small deals—it’s that most of the growth is coming from larger sellers, as consolidators increasingly target scale.”
OnePoint BFG Adds Armstrong & Sinoff Financial
OnePoint BFG Wealth Partners said it welcomed Armstrong & Sinoff Financial, a boutique planning firm that oversees more than $425 million in client assets. The Parsippany, New Jersey-based firm said Armstrong & Sinoff will transition to the OnePoint BFG brand over time, and that the deal adds planning capabilities for high net worth individuals, business owners and senior executives.
Armstrong & Sinoff specializes in integrating financial planning, investment strategy and tax efficiency, according to the release. Armstrong & Sinoff’s partners will join OnePoint BFG as partners.
Paul Armstrong, Partner at Armstrong & Sinoff Financial, said: “From our first conversations, it was clear that OnePoint BFG shares our belief that sophisticated clients need a fully integrated financial plan – one that reflects the full picture of their lives. Our approach has always been about helping clients realize they don’t have to choose between competing priorities. Partnering with OnePoint BFG allows us to expand that impact while staying true to the relationships our clients value.”
Wealth Enhancement Acquires FullCircle Wealth
Wealth Enhancement acquired FullCircle Wealth, an independent RIA in Dallas with more than $268 million in client assets. The acquired business is led by Brent Sikes, Principal Partner, and includes one advisor and two support staff. Wealth Enhancement said the transaction closed April 15 and brought its total client assets to more than $141.9 billion.
Founded in 2012, FullCircle Wealth provides financial planning, tax mitigation, wealth transfer planning, investment guidance and insurance guidance in the Dallas market. It serves business owners, technology professionals, C-suite executives, multigenerational families and clients navigating major life transitions.
Sikes said: “After 28 years in the industry, the core of my practice centers around the idea of ‘winning by not losing.’ I enjoy helping my clients make thoughtful decisions that protect what matters most over time through providing discipline and long-term perspective. Partnering with Wealth Enhancement allows me to continue that work with greater resources and support for my clients.”
Corient Agrees To Acquire Bedrock Group
Corient agreed to acquire Bedrock Group, a Geneva-based multi-family office and wealth manager with additional offices in London, Monaco and Lisbon. Bedrock manages about $10.7 billion in client assets. Corient said the deal is part of its broader expansion across Europe, the Middle East and Africa.
Bedrock was founded in 2004 and serves ultra-high net worth clients through investment management, private asset strategies and family office services. Bedrock’s principals will become Corient partners. Deloitte Switzerland advised Bedrock’s founders and partners in the transaction.
Maurice Ephrati, Managing Partner of Bedrock Group, said: “Joining Corient allows us to continue providing our clients with deeply personalized service, now supported by the full array of Corient’s wealth management and family office capabilities. We’re also excited by the potential of Corient’s partnership model and collaborating with other wealth advisors and professionals from around the world on behalf of our clients.”
Wealth.com Raises $65 Million Series B
Wealth.com said it raised $65 million in an oversubscribed Series B round led by new investors Titanium Ventures, Pruven Capital, The K Fund and Dynasty Financial Partners, with participation from Charles Schwab, GV, Citi Ventures, 53 Stations, Anthos Capital and Alumni Ventures.
The company said the capital will support product development, enterprise distribution, strategic acquisitions and a New York office opening planned for May.
Rafael Loureiro, CEO and Co-Founder of Wealth.com, said: “Wealth management technology is being rebuilt in real time. The old model, characterized by fragmented tools, manual analysis and inconsistent advice, cannot keep up with what advisors and clients now expect. The next generation of firms will be defined by their ability to scale expertise with technological precision and trust.”
Advisor Transactions
Integrated Partners Adds SIGIL Family Office Team
Financial planning firm and RIA Integrated Partners announced that Kyle Caouette, John de Carvalho and their team joined the firm and launched SIGIL Family Office. The new practice will focus on ultra-high net worth business owners and families. The team was previously affiliated with Parallel Advisors.
Caouette previously co-founded Parcion Private Wealth, an RIA and multi-family office that grew to more than $2 billion in assets. De Carvalho served as Chief Investment Officer there.
Caouette said: “Launching SIGIL Family Office allows us to create the type of boutique virtual family office that business owners and successful families demand. Integrated’s platform and culture of collaboration give us the scale and sophistication to elevate the client experience and help them achieve beyond what they thought was possible.”
Strategic Initiatives
Caprock Opens Denver Multi-Family Office Location
RIA Caprock opened a Denver office to support continued advisor and client growth in Colorado, expanding the multi-family office RIA’s footprint to 10 offices. The firm said the location will serve entrepreneurs, professional investors, impact investors, professional athletes and multigenerational wealth families from an office in Greenwood Village.
The Denver office will be led by Eric Osmundson, Director and Client Advisor, and Bennie Fowler III, Director of Strategic Development. Caprock was founded in 2005 and serves 436 wealthy families with more than $16 billion in assets under advisement. The firm also said it advises on $8 billion in private market investments.
Bill Gilbert, Co-CEO of Caprock, said: “We’ve served clients in the Denver market for many years, and we’ve continued to invest in a team that lives and works in the community. Opening a physical office in Denver is a natural next step in that commitment.”
Promotions & People Moves
Docupace Names Mike Conlon As Chief Revenue Officer
Docupace appointed Mike Conlon as Chief Revenue Officer, with responsibility for sales, marketing, client experience and partnerships. Conlon will lead the firm’s end-to-end revenue strategy as it continues to expand its AI-enabled back-office and compliance platform for wealth management firms.
Before joining Docupace, Conlon spent nearly two decades at Dun & Bradstreet, most recently as Senior Vice President and Head of Sales for the technology, media and communications vertical. Docupace supports about 350,000 active users and processes more than 11 million work items annually across broker-dealers, banks, insurers and RIAs.
Conlon said: “Docupace sits at the center of a powerful shift in wealth management, where operational excellence, automation and AI are redefining how advisors scale and serve clients. What excites me is the depth of the platform and what it enables for financial institutions, broker-dealers and RIAs when those capabilities are brought together around a unified client outcome. I’m here to make sure our go-to-market strategy reflects that full potential.”
Hightower Appoints Roberto Stewart As President And Chief Business Officer
Hightower appointed Roberto Stewart as President and Chief Business Officer. The firm said Stewart will lead enterprise services and help advance Hightower One, its back- and middle-office platform. His responsibilities include operations, technology, risk, product, project management and integrations.
Stewart joined from Engle Martin, where he served as Chief Operating Officer, and previously held senior leadership roles at AIG, McKinsey & Company and Allstate. Gurinder Ahluwalia, who had been Interim President, will remain an adviser to the company and continue on its board.
Stewart said: “I am thrilled to join Hightower and build on the strength of its foundation. My focus will be on creating greater clarity, efficiency, and alignment across Hightower One, enabling advisors to spend more time with clients and grow their practices.”
Osaic Names Stacie Nabedrick To Technology Role
Osaic said it appointed Stacie Nabedrick as Senior Vice President, Advisor and Client Technology Solutions. The firm said the role is intended to support platform innovation and scalable growth across its advisor network. Nabedrick will help lead the continued development of Osaic’s digital ecosystem, including its eQuipt platform for onboarding, client engagement and financial planning workflows.
Nabedrick most recently served as Director of Customer Success at Microsoft, where she led teams focused on cloud adoption and long-term value realization for strategic clients. Before that, she held senior leadership roles at RBC Wealth Management, where she worked on enterprise portfolio management, advisor productivity, client experience and regulatory alignment. Osaic supports more than 10,000 financial professionals.
Nabedrick said: “Osaic is focused on building a more connected and efficient experience for advisors and their clients. I’m excited to help accelerate that work by delivering solutions that are intuitive, scalable and aligned with how advisors serve clients today.”
Oppenheimer Promotes David Fleming To Private Client Division Leadership Role
Oppenheimer & Co. promoted David Fleming to a New York-based leadership role within its Private Client Division, where he will oversee branches across select markets and work with regional leaders on business development, performance and recruiting. Fleming, who joined the firm in 2022, previously led the firm’s San Francisco office, where he helped grow revenue by 36% and assets by 34% while adding seven advisors.
As part of the transition, Ron Guidi will succeed Fleming as San Francisco Branch Manager. Oppenheimer’s wealth management business had more than $55 billion in AUM and over $143 billion in client assets under administration as of Dec. 31.
"Dave has done an outstanding job leading our San Francisco office, and this promotion reflects the confidence we have in his ability to shape the next chapter of growth across the Private Client Division," said Ed Harrington, Oppenheimer Executive Vice President and Head of the Private Client Division.
Wealth Solutions Report can be reached at info@wealthsolutionsreport.com.
