Chicago-based Cresset Asset Management, which manages $7.2 billion in assets, has acquired Reston, Va.-based PagnatoKarp. The addition of PagnatoKarp's $2.3 billion in assets would rank the combined firm among the 25 largest RIAs in the country by assets under management, according to the InvestmentNews RIA Data Center.
Both employee-owned firms offer multifamily office services, with Cresset also offering private investments.
Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
A trade deal would mean significant cut in tariffs but 'it wont be zero'.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
