Private equity and capital investors are a powerful force shaping our industry. Many of them provide much more than just capital. They are sources of strategic and financial support, as well as expertise contributing to the growth of investees. This week, we honor the top private equity and capital growth partners in our second annual CAP 5.
I am also excited to announce the rebranding of my firm, RLR Partners, as Ascentix Partners, with new executives and a network of consulting firms. Rest assured, my commitment to WSR is as strong as ever, and WSR’s parent entity, Finetric Media, is a separate, independent entity from Ascentix.
WSR Names Top Private Equity And Capital Growth Partners To CAP 5
WSR names the 2025 CAP 5: Top Private Equity and Capital Growth Partners that provide capital and support to wealth management firms: Constellation Wealth Capital, Lovell Minnick Partners, Summit Partners, TA Associates and Warburg Pincus.
These firms hold great influence in our industry through their involvement in the M&A activities, operations and growth of many well-known industry firms.
RLR Rebrands As Ascentix, Launches Growth Network
The firm I founded, RLR Strategic Partners, rebranded as Ascentix Partners and launched the Ascentix Partners Network, an alliance of consulting firms: Bridgemark Strategies, GreenLine Consultants, Essential Edge, Advisor Group Benefits and Haven Tower Group.
Ascentix also added three Partners: Jim Roth, Jim Nagengast and Todd Glassman; named Joe Kuo as Co-Founder and Managing Partner; added Katherine Paulson as CMO; and confirmed Drew Brophy will continue as Chief of Staff.
The Healthiest Firms Are Committed To Developing Next Gen Advisors
Jason Inglis of Trilogy Financial makes the case that healthy firms are committed to developing the Next Gen of financial advisors. He explains why firms struggle with this and steps they can take to achieve success.
As WSR has covered many times, attracting and retaining new advisors in the coming years is crucial to the success of our industry.
Deals & Recruiting Roundup
This week’s Deals & Recruiting Roundup covers acquisitions by LPL, Arax, Aspen, Carson and EdgeCo; fundraising by GeoWealth; recruiting by Sanctuary, Ameriprise and Cetera; Merchant partnering with Sterling Trustees; and appointments by LPL and Oppenheimer.
LPL completed its acquisition of Commonwealth, but the integration process will take time.
Investments Roundup
This month’s Investments Roundup features private investment news from AssetMark, CAIS, and Coller Capital; AI investing news from CFRA and Tortoise; First Trust’s nuclear ETF, Advyzon’s low-cost platform and more.
The proliferation of ETFs in areas such as AI and nuclear power reveal the creativity of ETF providers in supplying products for in-demand investment themes.
LPL Hires Ex-McKinsey Partner As New HR Head
LPL Financial announced the appointment of Emily Field, a former Partner at McKinsey, to serve as Chief People Officer and Group Managing Director.
With responsibility for over 9,000 employees, Field is taking on one of the largest HR roles in the industry.
GeoWealth Raises $38 Million In Latest Funding Round, Led By Apollo
GeoWealth announced that it raised a total of $38 million in a Series C funding round led by alternative asset manager Apollo. The $38 million includes the $18 million investment by BlackRock, J.P. Morgan Asset Management and Kayne Anderson Capital Advisors that was announced a year ago.
GeoWealth said it plans to use the capital to expand its public-private model capabilities, as well as invest in product development and human capital to meet increased demand for broader assets in unified managed accounts (UMAs).
Arax Buys $1 Billion Missouri RIA
Arax Investment Partners announced that it acquired Summit Wealth Strategies, an RIA based in Chesterfield, Missouri, with $1 billion in AUM.
Sanctuary Partner mFORCE Adds $400 Million Team From Truist
Sanctuary Wealth’s affiliate mFORCE added Fossil Rock Private Wealth, a $400 million team from Texas. Fossil Rock was founded by Larry Milton, who most recently was with Truist.
Milton and mFORCE Founder Bradley Bruce have a 35-year relationship that began at Merrill Lynch.
FINNY Adds Multi-Channel, Automated Prospect Outreach Feature
FINNY AI announced the launch of Multi-Channel Campaigns, a new capability that allows advisors to build fully automated, multi-channel prospecting outreach campaigns in minutes. The latest FINNY prospecting offering combines a new LinkedIn Actions feature, AI-generated voicemails, personalized emails and handwritten direct mail.
The LinkedIn Actions feature automates certain functions in LinkedIn from FINNY’s platform.
CAIS Teams With Solactive To Launch Private Credit BDC Index
CAIS launched a private credit index based on business development companies and calculated by Solactive.
The industry continues to bring private investment into the mainstream, and indexing is a necessary part of the process.
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Larry Roth
CEO
Wealth Solutions Report
