The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Arax Advisory Partners, Millares Asset Management
Arax Advisory Partners, a division of $43 billion boutique wealth management firm Arax, has acquired Millares Asset Management, a family-owned wealth management and tax advisory firm based in Coral Gables, Florida.

With deep roots in the South Florida community, the addition of Millares to Arax will reinforce the firm’s presence in one of the fastest growing private wealth markets in the country.

Led by co-founder Maria Millares alongside her sons Ruben and Javier, the team has spent more than three decades providing integrated wealth management, tax and financial planning services to individuals, families and institutions across South Florida.

This partnership marks Arax’s sixth acquisition in 2026, expanding the firm’s growing network.

Crestbridge Fiduciary
Crestbridge Fiduciary (formerly Crestbridge Family Office Services), has acquired US-based independent trustee and corporate services provider Wyoming Trust Company (WTC). As Wyoming’s first chartered trust company, WTC has served its US and international clients with care and distinction for over 30 years.

The acquisition builds on and accelerates the firm’s US market presence, following a six-year partnership with Wyoming-based Willow Street.

In addition, the firm has appointed Morgan Alleyn as managing director of its consolidated Wyoming business, and its new identity of Crestbridge Fiduciary. As a US attorney, Alleyn has a good perspective on how US-involved structures operate, as well as considerable expertise in international tax and tax controversy, and a thorough understanding of cross-border trusts, estates, business interests and investments.

“Our acquisition of WTC will enable us to continue operating with full independence and autonomy in support of our US clients, delivering a seamless cross-border service from both Wyoming and Jersey,” the firm said in a statement. “In recognition of this, our firm will now be known globally as Crestbridge Fiduciary. This new identity better conveys our enhanced breadth and scope, whilst reaffirming our profound commitment to the values synonymous with the Crestbridge name. We remain a privately-owned fully independent firm, beholden only to the best interests of our clients.”

All regulatory obligations in Wyoming have been completed with regard to the acquisition.

“Today’s announcement marks a significant milestone. It advances our long-term strategy of enhancing our integrated global platform, strongly positioning us to anticipate and support the needs of a changing marketplace,” Crestbridge Fiduciary CEO Heather Tibbo said. “By actively listening to our clients, and adopting a dynamic and streamlined business model, we are able to offer a unique value proposition that truly addresses the requirements of successful, internationally-mobile families.”

“The acquisition of WTC to the Crestbridge Fiduciary group is a further illustration of the Crestbridge commitment to the US market and of its ambition to consolidate its reputation as a global provider to international families,” Crestbridge Fiduciary chairman, Steve Soki, added.