It was a busy advisor deal and recruiting week with over a dozen announcements. According to DeVoe & Company, that makes for a fitting end to the third quarter, which clocked the most registered investment advisor deals (94) since the M&A consultancy started tracking in 2019.
“Quarter after quarter, RIA M&A continues to heat up,” David DeVoe, founder and CEO of DeVoe, said in the firm’s quarterly note. “Private equity-backed consolidators are driving the majority of transactions, fueling a growing surge of activity. With Q3 setting a record, 2025 is on pace to surpass all previous annual totals.”
This week, WealthManagement.com already reported on a few billion-dollar-plus deals announced by Perigon Wealth Management, Ashton Thomas Private Wealth (which is owned by Arax Investment Partners) and Corient, the RIA arm of CI Financial (which is owned by Mubadala Capital).
Below are a few more notable acquisitions to round out the week.
Allworth Snags $850M Shorepoint for Boston Presence
Allworth Financial, a Folsom, Calif.-based RIA integrator, has grown to over $31 billion in assets under management with the acquisition of an $850 million RIA based in Norwood, Mass.
Shorepoint Capital Partners’ 10-person team will join Allworth, including co-founder Tim Vanech, managing director, and Luis Raposo, managing director and chief investment officer, who will both stay in “leadership roles.”
Allworth CEO John Bunch called the deal a “milestone” in cementing a footprint in the Boston area for high-net-worth and ultra-high-net-worth clients.
Shorepoint was founded in 2009. Its investment strategy is based on individual equities, bonds and alternatives. The firm also has relationships with a regional law firm to provide trustee services.
“By partnering with Allworth, we can broaden our investment platform, including our private equity and private real estate strategies, while giving clients access to the firm’s broader planning, tax, and estate resources,” Raposo said in a statement.
Hue Partners advised Shorepoint on the transaction.
Carson Adds $436M Alaska-based RIA
Carson Group, an Omaha, Neb.-based RIA with $48 billion in AUM, has acquired Shilanski & Associates, a financial planning firm based in Anchorage, Alaska, that manages about $436 million in assets.
Shilanski’s leadership team, which includes founders Floyd Shilanski and his wife, Rosa, will join Carson Wealth to continue serving families, individuals and business owners. The husband-and-wife team is joined by their children, Micah and Jamie, managing partners and wealth advisors at the firm, and nine other team members.
The group will be acquisitive Carson’s first office in Alaska.
“Micah and Jamie are both highly successful coaches and entrepreneurs, and we see tremendous potential in how their leadership will shape the future of the firm,” Michael Belluomini, Carson Group’s senior vice president of mergers and acquisitions, said in a statement. “Supporting the next generation of advisors is at the heart of what we do at Carson, and partnerships like this are a big driver of new, proprietary M&A opportunities.”
Wise Rhino’s Peter Campagna advised the Shilanski team on the transaction.
Moneta Expands in Colorado with Members of Disbanded RIA
Moneta Group Investment Advisors, a $43 billion RIA based in St. Louis that is majority owned by employees, announced it has brought on three new partners formerly with Aveo Capital Partners, a firm that had been based in Englewood, Colo.
The team, led by Chad Williams and including advisors Zach Heath and Brian Eller, will join Moneta in its Denver Tech Center office. Collectively, they manage about $262 million in client assets.
Aveo had broken up earlier this year, with some of its founders being acquired by Carson Group.
The deal helps Moneta expand further in Denver. The RIA opened an office there in 2019 and added a second team in 2023, with the staff in that location now exceeding 30 people.
“We’re not just expanding into new markets—we’re strengthening our presence within the communities we’ve already entered, like Boulder and Denver, to ensure our clients benefit from deep local expertise and the resources of a national firm,” Moneta President and COO Keith Bowles said in a statement.
According to the announcement, Williams was referred to Moneta by Jason Sandry, a financial advisor who joined the firm as a partner in 2023.
“When we began exploring what came next, we looked for a partner—not a parent company,” Williams said in a statement. “We wanted a firm that would allow us to keep our identity, our flavor, and our approach to client service—while giving us the tools to elevate it.”
Moneta has expanded over the years without private equity backing into offices in Kansas City, Chicago, Boston, Boulder and Philadelphia.
Savant Wealth Acquires $557M Gryphon Advisors
Savant Wealth, a fee-only RIA based in Rockford, Ill., stayed in the state to acquire Gryphon Advisors, an Evanston, Ill.-based firm managing about $557 million in client assets.
Founder Douglas Close and a team of six will seek to bring more than 100 high-net-worth clients to Savant so that the firm can continue providing wealth management, tax planning and business consulting services. Close and the firm’s other principals, John Swee and Anthony Sapienza, will join Savant as member-owners.
“As Gryphon continued to grow, we knew we needed a partner who could help us scale operationally without compromising the high-touch, comprehensive planning experience our clients expect,” Swee, a graduate of Evanston-based Northwestern University, said in a statement.
FP Transitions facilitated the deal between Gryphon and Savant, which has offices in 20 states and about $33 billion in AUM. Savant, which has minority investment from Kelso & Company, has now made five acquisitions in 2025.
Cerity Makes Deal for Oak Hill Wealth Advisors
Cerity Partners, an acquisitive New York-headquartered RIA with over $120 billion in client assets, has purchased Oak Hill Wealth Advisors, a Lansdowne, Va.-based wealth manager focused on the Washington, D.C. area.
The deal for Oak Hill, which has $603 million under advisement, according to its latest Form ADV, will expand Cerity’s footprint in the area. Oak Hill is led by Patrick Larkin and has a team of five advisors, all of whom will join under the Cerity name to continue working with high-net-worth families on generational wealth planning, financial and retirement planning, and investments.
Larkin said in a statement that the move to Cerity will help the firm “offer our clients expanded resources and comprehensive solutions, including sophisticated estate planning, access to opportunities in the private markets, and cross-border planning.”
Oak Hill was advised on the transaction by Stradley Ronon Stevens & Young.
