Family offices have long allocated across public and private markets, including direct investments in investment management companies as part of long-term, operating-oriented strategies. These investments span asset managers, Registered Investment Advisors (RIAs), and advisory platforms—businesses defined by recurring revenue, scalable economics, and durable client relationships. Rather than signaling a broad allocation shift, this activity reflects targeted capital deployment aligned with ownership, governance, and long-term value creation. Leveraging FINTRX data, we highlight five family offices with direct exposure to investment management businesses at the intersection of RIA consolidation and wealth platform growth.
CC Capital is a New York–based single-family office founded in 2015 by Chinh E. Chu that operates with the scale, rigor, and deal discipline of an institutional private equity firm. The firm has been an active direct investor in investment management businesses, taking ownership positions in asset managers and advisory platforms where recurring revenue, scale, and operational transformation potential align. Drawing on Chu’s 25-year tenure at The Blackstone Group, CC Capital pursues control-oriented investments across financial services and data-driven businesses, often playing an active role in governance and long-term value creation. Notable investment management–related transactions include Wilshire Associates, alongside more recent investments in ReserveOne and Insignia Financial.
• Founded: 2015
• Headquarters: New York, NY
• Total AUM: $1.2B
• Asset Class Focus: Private Equity; Direct Investments
Wealthspire Advisors is a New York–based multi-family office and registered investment advisor serving high-net-worth families through a broad suite of wealth and advisory services. Established in 1995 and wholly owned by NFP Corporation, which was acquired by Aon in 2024, the firm has built sustained exposure to the investment management sector through a steady acquisition strategy focused on expanding its advisory platform. Transactions involving RoundAngle Advisors, Walden Wealth Partners, and Sage Financial Advisors represent a portion of Wealthspire’s broader growth strategy—combining platform expansion, institutional investment processes, and long-term client alignment.
• Founded: 1995
• Headquarters: New York, NY
• Total AUM: $25.8B
• Asset Class Focus: Long Only; Real Estate; Private Equity; Hedge Funds; Direct Investments; Fixed Income
Mission Wealth is a Santa Barbara–based multi-family office and registered investment advisor founded in 2000, serving high-net-worth families through comprehensive wealth management and family office services. Rather than pursuing acquisition volume, the firm has taken a selective, high-conviction approach to investment management transactions, using targeted M&A to complement its broader advisory platform. Alongside a diversified, global investment strategy, Mission Wealth has completed investment management acquisitions, including Retter Capital Management, Brown Wealth Management, and JLFranklin Wealth Planning.
• Founded: 2000
• Headquarters: Santa Barbara, CA
• Total AUM: $10B
• Asset Class Focus: Long Only; Real Estate; Private Equity; Hedge Funds; Direct Investments; Private Credit
CW Advisors is a Boston–based multi-family office and RIA founded in 2009. The firm has developed meaningful exposure to the investment management sector through a deliberate acquisition strategy designed to complement its broader investment and portfolio construction capabilities. Operating within a globally diversified framework, CW Advisors has completed acquisitions of established investment management firms such as CHB Investment Group, Wolf Group Capital Advisors, and Mercadien Asset Management, reflecting a disciplined approach to platform growth and manager oversight.
• Founded: 2009
• Headquarters: Boston, MA
• Total AUM: $9.3B
• Asset Class Focus: Fund of Funds; Hedge Funds; Long Only; Private Equity; Real Estate; Venture Capital; Direct Investments; Fixed Income; Private Credit
Waverly Advisors is a Birmingham, Alabama–based multi-family office and registered investment advisor founded in 1999, serving high-net-worth families through wealth and investment management services. Over the past two decades, the firm has emerged as one of the most active acquirers in the RIA and investment management space, using M&A as a core growth lever to build a scaled, national advisory platform. Through a steady cadence of acquisitions, including Bridge Creek Capital Management, Fiduciary Wealth Advisors, and Dickinson Investment Advisors, Waverly has expanded its geographic reach and deepened its presence across the independent wealth management landscape.
• Founded: 1999
• Headquarters: Birmingham, AL
• Total AUM: $28.3B
• Asset Class Focus: Long Only; Real Estate; Venture Capital; Private Equity; Hedge Funds; Fund of Funds; Direct Investments; Fixed Income