Ali Hibbs

New York

Seeker of truth, maker of trouble, reader of books, compulsive autodidact and aspiring bodhisattva.🦋 Reporter at MT Newswires.

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Articles

Mercer Buys $2-Billion RIA Full Sail Capital in Oklahoma City

5 days ago | advisorhub.com | Ali Hibbs

Denver-based Mercer Global Advisors, which has more than $70 billion in assets under advisement, has added another $2 billion with the purchase of Full Sail Capital in Oklahoma City. Full Sail was founded in 2018 by former Trust Company of Oklahoma executives David Stanley, Scott Cravens and Zac Reynolds. The 14-person team includes seven advisors serving mostly retail accounts along with about two dozen businesses and charities and three retirement plans.
Arax Picks Up Michigan RIA With $4 Billion in Assets

6 days ago | advisorhub.com | Ali Hibbs

New York City-based wealth management rollup Arax Investment Partners has bought a Birmingham, Michigan-based RIA managing $4 billion, according to an announcement on Monday. Schechter Investment Advisors is led by third-generation Chief Executive Marc R. Schechter and has 30 employees, including 14 advisors, according to a Form ADV filed in mid-April. Their customers include 745 households, 129 companies and 34 charities.
Focus Inks Deal for $9.4-Bln Los Angeles RIA

1 week ago | advisorhub.com | Ali Hibbs

Focus Financial Partners is acquiring a Los Angeles-based RIA with more than 7,000 customers and $9.4 billion under management, according to an announcement on Thursday. Churchill Management Group will become part of Focus Partners Wealth, a Focus Financial subsidiary managing $96 billion, according to the announcement and regulatory filings.
Former CEO of City National Rochdale Opens His Own Firm in New Jersey

1 week ago | advisorhub.com | Ali Hibbs

The former Chief Executive of City National Rochdale, a Royal Bank of Canada subsidiary that provides outsourced portfolio management for advisors, has started his own firm with similar ambitions. Garrett D’Alessandro opened Sandro Wealth Management in Fairfield, New Jersey, according to an announcement. He has recruited six former City National colleagues to join him, including Sandro Chief Legal Officer and President Kurt Hawkesworth.
Carson Group Buys Another Affiliate, Simon Quick Gets Back in the Game

1 week ago | advisorhub.com | Ali Hibbs

Omaha-based Carson Group bought another one of its partner practices as it continues expanding ownership of its affiliates, the company announced Wednesday. The deal to acquire SRQ Wealth, which was managing $365 million for clients under the Carson Partners banner in Sarasota, Florida, is the fifth such deal announced this year and brings the total number of wholly-owned Carson Wealth offices to 25. Led by Managing Partner and Senior Wealth Advisor Stephen J. Martin along with Partners Karin A.
Integrated Partners Adds Boston Team Managing $370 Million

1 week ago | advisorhub.com | Ali Hibbs

Integrated Partners, a Boston-area firm that advises on more than $21 billion in client assets, has recruited a six-person team managing almost $370 million near its headquarters city. Corey Wealth Partners is led by founder Jeffrey K. Corey, who has 14 years of industry experience. Corey previously worked at Claro Advisors, a Boston RIA managing nearly $1.3 billion. Corey moved to Integrated with advisor Lincoln Hurney and four support staff.
Ashton Thomas Recruits Former Silicon Valley Bank Team Managing $900-Mln

1 week ago | advisorhub.com | Ali Hibbs

Ashton Thomas Private Wealth, a Scottsdale, Arizona-based RIA managing almost $5.8 billion in advisory assets, has attracted a pair of advisors who had been managing around $900 million at SVB Wealth in San Francisco. Lance Millar and Stewart Preziose had spent a collective 15 years with SVB, where they weathered the second-largest bank failure in U.S. history before its parent was acquired by First Citizens Bank in early 2023.
Rockefeller Hires Broker Managing $300-Mln From Upstate NY Firm

2 weeks ago | advisorhub.com | Ali Hibbs

New York City-based Rockefeller Global Family Office, the wealth management unit of Rockefeller Capital Management, has hired an advisor who had been managing $300 million at a local firm in Rochester, New York, according to a source familiar with the move. Joseph J. Nacca, who had spent all but one rookie year of his 21-year career with Sage Rutty & Co., joined Rockefeller on Friday, according to an announcement and registration records. He moved along with client associate Traci Passamonte.
$583-Mln Practice Leaves Bison Wealth to Launch Florida RIA

2 weeks ago | advisorhub.com | Ali Hibbs

A seven-person team led by brothers Wes D. and Chad M. Hunter has left RIA Bison Wealth to launch their own advisory firm in the Orlando suburb of Lake Mary, Florida, according to an announcement on Tuesday. The Hunter brothers, who left Merrill Lynch for Bison three years ago, opened QTR Family Wealth, which managed $583 million in assets, according to regulatory filings. It advises on another roughly $1.2 billion in held-away accounts, the team said.
Los Angeles RIA Lido Sells Stake to Credit Manager HPS

2 weeks ago | advisorhub.com | Ali Hibbs

Lido Advisors, a Los Angeles-based RIA managing close to $30 billion, raised capital from New York City-based credit manager HPS Investment Partners, according to an announcement on Wednesday. HPS, which has separately agreed to be acquired by BlackRock later this year, is picking up a stake in Lido for an undisclosed amount. Additional terms of the deal, which is set to close in the third quarter, were not disclosed. HPS is Lido’s third private equity backer.