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

Carson Group
Carson Group, the wealthy advisor with more than $55 billion in assets under management, has fully acquired the Carson Wealth office in Scottsdale, Arizona. 

Led by managing partner and wealth advisor Brent Pine, the firm is a long-time Carson partner serving about $430 million AuM.

Pine founded Integrated Wealth Management in 2001 after beginning his career in public accounting. In 2021, after nearly 10 years with Carson Coaching, Pine affiliated with Carson through a minority equity partnership and later rebranded as Carson Wealth Scottsdale. Pine is joined by partners and wealth advisors Mark Jones, Luke Pine and Torrey Pine.

iCapital
iCapital, a fintech platform for alternative investments, has agreed to buy Passthrough, a provider of investor onboarding solutions and financial compliance infrastructure for general partners. 

Together, iCapital and Passthrough support 1,200 GPs and product providers ranging from emerging and specialty managers to many of the largest asset management firms in the world, iCapital said in a statement. 

“iCapital began with a clear focus on modernizing and simplifying how GPs connect with the wealth channel. The acquisition of Passthrough is a natural extension of that focus and expands our capabilities to support the global GP community as they engage with – and serve – all of their LPs across the wealth and institutional markets,” Lawrence Calcano, chairman and CEO of iCapital, said.