4+ day, 18+ hour ago   (160+ words) Pooled employer plan assets totaled $34 billion as of year-end 2025, according to survey data. The Standard Insurance Co., a subsidiary of StanCorp Financial Group Inc., announced today that it surpassed $5 billion in pooled employer plan assets under administration. In July, the…...

4+ day, 19+ hour ago   (166+ words) Fintech company Envestnet Inc., which serves $8 trillion in platform assets, is acquiring Vestmark Inc., a provider of portfolio management technology, and trading and outsourced investment management services. Envestnet’s assets include those it has under management and under administration, plus some…...

5+ day, 3+ hour ago   (205+ words) UBS hires 3 advisers in Bethesda office; Wealth Enhancement acquires Arbor Capital Management; Glenmede expands senior leadership team in 4 offices; and more. The acquisition closed on August 31 and is Wealth Enhancement’s first location in Alaska. As of July 31, Wealth Enhancement had…...

1+ week, 2+ day ago   (248+ words) planadviser Retirement plan adviser and wealth management firm Prime Capital Financial announced Tuesday its launch of an endowments and foundations practice, offering these clients outsourced CIO and other fiduciary management services. The new business line will provide tailored investment management,…...

1+ week, 4+ day ago   (516+ words) Midwest Financial Group becomes Osaic affiliate; Socha partners with Savant Wealth Management; Sequoia Financial acquires BSW Wealth Partners; and more. Midwest Financial Group, a financial planning, wealth management and employee benefits firm based in Madison, Wisconsin, joined the network of…...

1+ week, 5+ day ago   (382+ words) The collective investment trusts are intended for professionally managed products and services. Two financial service firms recently announced the launch of collective investment trusts designed to provide retirement plan participants with additional access to private-market investments. Constitutional Capital Partners, an…...

1+ week, 6+ day ago   (255+ words) planadviser National Professional Planning Group Inc. is acquiring ProManage LLC, a managed account and financial wellness app provider. Based in Chicago, ProManage had $4.33 billion in assets under management, as of July 31. According to a company announcement, ProManage will keep its…...

1+ week, 6+ day ago   (91+ words) USI’s sale price is approximately six times the size of KKR’s original equity investment in the insurance broker and 3.4 times KKR’s total investment in USI. The transaction was unanimously approved by the boards of directors of both Aon and USI…...

2+ week, 5+ day ago   (258+ words) Under the definitive agreement, Altruist will operate as a standalone business and retain its current leadership and operating model. Vanguard today announced a definitive agreement to acquire Altruist, a wealth technology and custody platform for financial advisers. The acquisition is…...

3+ week, 4+ day ago   (338+ words) O’Reilly LLC joins Osaic affiliate; Wealth Enhancement acquires Weinand Financial; and Equitable Advisors adds 2 advisers with $110 million in assets. O’Reilly LLC joined Millenia Investments LLC, a firm affiliated with Osaic Inc. Led by Patrick O’Reilly, Chesterfield, Missouri-based O’Reilly oversees approximately…...