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

Carson Group
Carson Group has fully acquired the Carson Wealth location in Pittsburgh, Pennsylvania, which serves about $358 million in AuM.

The acquired business is led by managing partner and wealth advisor Neal McGrath.

McGrath and his team first joined Carson Group’s network in 2013 as the firm’s sixth partner office, quickly building a reputation for sophisticated tax and estate planning services. In 2022, the team formally transitioned into Carson Wealth. McGrath leads several locations across the region. 

Greenspring
Greenspring Advisors and Wealthstream Advisors have merged in an all-stock transaction.

The combined entity will operate as Greenspring Advisors and have more than $10 billion in assets across the private client and institutional client businesses, and 70 team members. It remains employee-owned with 23 partners as of October 1.

The two firms have collaborated before, making the merger a natural progression, they said in a statement. 

ECHELON Partners served as the exclusive financial advisor to the companies in the merger, and compensated for its service in the transaction.

The combined $10 AuM of the firms includes $4.3 billion in private client assets and $6 billion in institutional assets. Greenspring Advisors has four offices in Towson, Maryland; New York, NY; Lancaster, Pennsylvania; and Paramus, New Jersey.

TritonPoint 
TritonPoint Partners has brought in Greg Powers as a partner and managing director, expanding its presence with offices in Scottsdale, Arizona, and San Diego, California. 

Powers, who oversees about $280 million in client assets, brings decades of experience in comprehensive wealth management.

“Greg represents the caliber of advisor we want to grow with,” Harold Hughes, CEO of TritonPoint Partners said. “He brings deep expertise across wealth planning and investment management, and his approach complements our vision for delivering a distinctive client experience.”

Dynasty Investment Bank served as exclusive financial advisor to TritonPoint Partners on this transaction.

Franklin Templeton
Franklin Templeton has completed its acquisition of Apera Asset Management, a European private credit firm with more than €5 billion ($5.85 billion) in assets under management as of September 30, 2025.

Closing this deal brings Franklin Templeton’s global alternative credit to more than $90 billion; the firm’s total alternative asset strategies stand at about $270 billion in aggregate.

Apera, founded in 2016, complements Franklin Templeton’s existing global alternative credit offerings, alongside and as part of Benefit Street Partners in the US and Alcentra in Europe, it said in a statement late last week. 

Apera has offices in the UK, Germany, France, and Luxembourg.