The Mumbai-based investment management platform, Dezerv, has raised approximately $40M in a Series C round with support from Premji Invest
Michael Sonnenfeldt's family office, MUUS Asset Management, has participated in a $9.2M Series A funding round for the industrials and manufacturing company NxLite
In a Series E round, ŌURA, the sleep and activity tracker ring, has received $900M with support from ICONIQ Capital
Reflection AI, has raised $2B in a Series B round at an $8B valuation with backing from Eric Schmidt's family office, Hillspire
Reeling in $944M in client assets in the greater Boston area, Beacon Pointe acquires Sensible Financial Planning, bringing its assets under advisement to approximately $54B (PRNewswire)
Based in Roseville, California, WGG Wealth Partners, previously associated with Ameriprise, has been acquired by NorthRock Partners (PRNewswire)
$1.8B Seattle-based Pillar Financial Group jumps from Northwestern Mutual to Cetera (WealthManagement.com)
Marking its first office in Rochester, Captrust has acquired $3.1B RIA Cobblestone Capital Advisors(Citywire)
Breakaway Launch Highlight
Father-son team Michael and Jordan Masciorini have left Wells Fargo to launch Ticino Wealth, a new RIA based in Mission Viejo, California, while maintaining Wells Fargo for clearing and custody.
The founders describe the launch as a “structural change” rather than a philosophical shift, emphasizing that clients experienced no disruptions in access, accounts, or service
Ticino Wealth, which manages about $388 million in assets, will use TradePMR, owned by Robinhood, for broker-dealer services, citing enhanced reporting, planning, and communication tools
Ivanna Berrio, who has worked with the Masciorinis since 2020 and is pursuing her CFP designation, will join as their third team member
Previously at LPL, Katelyn Shackleton joins Mercer Global Advisors as Executive Managing Director, focused on integrating new teams (WealthManagement.com)
MAI Capital has hired Kathleen Alcorn as Chief Marketing Officer, who previously worked at the same position at Focus Financial Partners (WealthManagement.com)
Replacing Phil Nuttall as Chief Operating Officer, Charis Jones joins Stratos Wealth Holdings from Hightower (Citywire)
Following their acquisition of Sageview Advisory, Jon Upham will lead Creative Planning's combined retirement solutions division (PRNewswire)
Wall Street and Big Tech Unite to Fuel Next Wave of AI Data Centers
A powerhouse consortium including BlackRock, Global Infrastructure Partners, Abu Dhabi’s MGX, Nvidia, Microsoft, and xAI has agreed to acquire Texas-based Aligned Data Centers from Macquarie Asset Management in a $40 billion deal—the first major move under their $100 billion AI Infrastructure Partnership. The group aims to accelerate global data center construction to meet surging demand for AI computing power, leveraging a mix of $30 billion in equity and $70 billion in debt. Backed by investors such as Temasek and the Kuwait Investment Authority, the partnership combines deep capital with tech and energy expertise from members like GE Vernova and NextEra Energy. BlackRock CEO Larry Fink said the initiative will allow tech giants like OpenAI, Google, and Meta to lease advanced data centers instead of owning them, keeping such assets off their balance sheets. The consortium plans to more than double Aligned’s 50 campuses across the U.S. and Latin America.
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