Austin Private Wealth, a $1.4B RIA focused on retirement, tax and estate planning, has merged with Cerity Partners (Citywire)
Marking one of their biggest deals yet, Apella Wealth has purchased the wealth management division of the accounting firm, PB Mare, bringing in $1.7B in assets (Citywire)
EP Wealth has made its first deal of 2026 with the acquisition of $730M Scottsdale-based investment firm, Capital Insight Partners (AdvisorHub)
Adding $1.8B in assets, Mariner has made a double deal with the purchase of First National Advisors in Rockland, MA and Strava Wealth in Pittsburgh, PA (Citywire)
RIA Growth Spotlight
Concurrent Investment Advisors added seven advisory teams in Q4 2025, lifting total client assets under management and advisement to more than $30 billion and closing out a year of rapid advisor recruitment.
The firm said its platform grew about 50% in AUM during the year, reflecting demand from advisors seeking to remain independent contractors while operating under a larger, multi-custodial RIA umbrella
Recent growth included new advisors joining directly from Ohio-based firms and additional advisors integrating into existing partner firms, bringing Concurrent’s network to 155 financial advisors supported by a 70-person home office
Concurrent has also expanded through minority investments via its RIA Capital Partners program and a full acquisition of Next Retirement Solutions, positioning the firm to compete with larger RIAs that favor W-2 employee models
After leaving Commonwealth Financial Network and launching as an RIA, Summit Wealth Group has hired Seamus O’Brien to lead advisor success and Chelsea Ganey as Chief Investment Officer (WealthManagement.com)
Onur Erzan, previously Head of Global Client Group, has now been named President at AllianceBernstein (Citywire)
Following its acquisition by Creative Planning, SageView Advisory Group has made Karen Prange Chief Compliance Officer (Citywire)
Drew O’Connor, former Portfolio Manager, has been promoted to Director of Research CapWealth (Citywire)
Big Asset Managers Brace for an AI Tech Reckoning
Leading asset managers are increasingly bracing for a potential sell-off in US technology stocks, citing stretched valuations and growing signs of excess in parts of the artificial intelligence trade. Firms including Amundi are using derivatives to hedge exposure rather than selling outright, while others have cut positions in Big Tech altogether. Concerns are intensifying as the “Magnificent Seven” drove much of last year’s market gains, pushing valuation multiples to levels some investors describe as unsustainable and reminiscent of the dot-com era. Several high-profile managers, including Blue Whale Growth and GQG Partners, have exited most or all of their mega-cap tech holdings, warning that AI-related capital spending is aggressive, cash burn remains high and profitability is still limited across much of the ecosystem. Regulators including the IMF and central banks have also flagged valuation risks. Still, opinions are divided. Some managers argue today’s AI leaders are profitable and fundamentally stronger than past bubbles, though even bulls caution that 2026 could bring heightened volatility.
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