Private Equity
The RIA space saw at least eight deals this week, representing more than $38 billion in total assets. : This week, private equity-backed Atria Wealth Solutions announced plans to acquire Kestra Holdings’ Grove Point Financial, an independent broker/dealer subsidiary. In other M&A news, Aristotle Capital Management has acquired Pacific Life’s $21 billion asset management business; Integrated Wealth has joined Carson in Kansas; Steward Partners has added its first office in Southern California with The Valencia Group; and Fortis Capital Advisors has expanded into Oregon.