Atria Wealth Solutions (Atria), a multi-channel wealth management solutions holding company, has successfully closed the acquisition of SCF Securities, (SCF), an independent wealth management firm based in Fresno, California.
Deals & Transactions
IQ-EQ, an Astorg portfolio company, is to acquire Concord Trust Company (Concord), an independent US-based trust company, headquartered in South Dakota and with offices in South Dakota and New Hampshire.
Digital financial services company Alpian, incubated by the Swiss banking group REYL & Cie (REYL), has raised USD18 million (CHF16.9 million) in Series B funding round. The fundraising follows a CHF12.2 million Series A round in 2020.
JTC, the global provider of fund, corporate and private client services, has completed its acquisition of RBC cees Limited (CEES) from RBC Holdings (Channel Islands) Limited, part of RBC Wealth Management.
Clearwater International advises Beech Tree backed Advanta Wealth on raising acquisition debt facilities to support growth
Clearwater International has advised Beech Tree Private Equity (Beech Tree) backed Advanta Wealth, a wealth management business providing holistic financial planning services, on raising acquisition debt facilities to support its continued growth strategy.
Independent Wealth Planners (IWP), the nationwide network of independent financial advisers and wealth managers, has acquired three independent financial planning firms. The deals further expand IWP’s nationwide coverage and take the number of acquisitions to 22 since IWP’s formation just two years ago.
Anchin, Block & Anchin LLP (“Anchin”), an accounting and advisory firm based in New York City, has opened an office on Long Island, in Uniondale, New York.
SEI (NASDAQ:SEIC) has extended its contract with UK wealth manager Brewin Dolphin for a further three years. The new agreement will extend the current strategic partnership between the two firms until November 2023.
eToro to become USD10.4bn publicly traded business through combination with FinTech Acquisition Corp V
eToro Group Ltd, a multi-asset investment platform is to merge with FinTech Acquisition Corp V (FinTech V), a publicly-traded special purpose acquisition company (SPAC). The combined company will operate as eToro Group Ltd and is expected to be listed on NASDAQ with a value of approximately USD10.4 billion.
Santander Private Banking has reached an agreement with Indosuez Wealth Management (Indosuez) – the global wealth management brand of Crédit Agricole group – to purchase USD4.3 billion in client assets and liabilities.