Fidelity International has acquired Legal & General Investment Management’s (LGIM) UK Personal Investing business. The acquisition will form part of Fidelity’s Personal Investing platform.
Laidlaw Wealth Management has acquired Naples Wealth Planning an RIA based in Naples, Florida.
Wealth Enhancement Group, an independent wealth management firm that oversees USD20.3 billion in client assets, has acquired 10-15 Associates, an independent registered investment adviser (RIA) with approximately USD923 million in total client assets.
Mercer Global Advisors, a national SEC-Registered Investment Adviser (RIA), has acquired Personal Financial Advisors (PFA), a respected wealth management firm located in Covington, Louisiana.
Vistra, a provider of advisory and administrative support to fund, corporate, capital market and private wealth clients, has acquired Routes Business Supports KK (Routes), a specialist accounting firm based in Tokyo.
Morgan Stanley (NYSE: MS) has completed the acquisition of E*TRADE Financial Corporation (E*TRADE) in an all-stock transaction. E*TRADE common stockholders are entitled to receive 1.0432 Morgan Stanley common shares for each E*TRADE common share.
Wealthspire Advisors, an NFP company and independent investment adviser, is to acquire StratWealth, a wealth management firm serving families and retirement plans.
Schroders is to acquire London-based family office Sandaire, as part of the group’s overall strategy to grow its wealth management business.
Advisor Group, a network of independent wealth management firms, and network member firm FSC Securities, has recruited two independent financial professional businesses with a total of USD105 million in client assets. In addition to FSC Securities, Advisor Group also includes KMS Financial Services, Royal Alliance Associates, SagePoint Financial, Securities America, Triad Advisors and Woodbury Financial.
Independent Wealth Planners UK (IWP UK) has acquired financial planning firm Beyond Financial, growing its presence in the West Midlands.