Deal & Moves: Integrated Partners Lures $609M BXB from Ameriprise

You tin find archetypal nonfiction present WealthManagement. Subscribe to our escaped regular WealthManagement newsletters.

It’s been different beardown week for RIA deals. 

The Denver-based $98 cardinal Mercer Global Advisors announced this week it would get Charter Oak Capital Management, a Portsmouth, N.H.-based employee-owned wealthiness absorption steadfast with $1.5 cardinal successful assets nether management. The determination boosted Mercer’s scope successful New England, including clients successful New Hampshire, Massachusetts and Maine.

On Thursday, NorthRock Partners, a Minneapolis RIA managing implicit $12 cardinal successful assets that’s portion of Sammons Financial Group, acquired Vantage Financial Partners, a $950 cardinal AUM steadfast with 19 squad members, including 7 advisors. It was NorthRock’s 2nd acquisition of the year.

Additionally, RFG Advisory, the Birmingham, Ala.-based hybrid RIA platform with much than $7.5 cardinal successful lawsuit assets, made its archetypal bulk acquisition with level RIA RVA Wealth Management, a Richmond, Va.-based steadfast managing implicit $320 cardinal successful lawsuit assets. 

Below, larn much astir however Integrated Partners lured a $609 cardinal steadfast from Ameriprise, Cerity Partners added a $1.1 cardinal firm, EP Wealth made its 4th woody of the year, Savant Wealth deed large with a $6 cardinal acquisition, and Apella Wealth onboarded a $625 cardinal California firm. Finally, Wealth Enhancement added a $118 cardinal signifier into its fold, marking its archetypal bureau successful Ann Arbor, Mich.

Integrated Partners, a Boston-based registered concern advisor and bureau of supervisory jurisdiction of LPL Financial, has added Denver-based Brick by Brick Wealth Advisors, oregon BXB, to its platform.

BXB, which is led by Kent Zeidman, volition bring $609 cardinal successful assets nether absorption to Integrated Partners, which present has much than $25 cardinal successful assets nether absorption and advisement. The BXB squad near Ameriprise to articulation the RIA level known for its CPA Network, which serves arsenic a lawsuit referral channel.

BXB specializes successful personalized fiscal readying and investments, and aims to grow its capabilities successful the ultra-high-net-worth space, according to an announcement.

“BXB has a wide and ambitious roadmap for growth,” Adrian Duran, vice president and caput of advisor recruiting astatine Integrated Partners, said successful a statement.

BXB includes fiscal advisor Darren Levinthal and next-generation advisors Erica Hinrichs and Cody Bartusiak.

Integrated Partners added Fair Street Advisors and Pisces Wealth earlier this year.