M and A
Deals Of The Day: The Latest In Wealth Management M&A – NewEdge, KFBM&A
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
NewEdge Advisors, KFBM&A
NewEdge
Advisors, a Louisiana-based RIA with more than $60 billion in
assets, has acquired KFBM&A, a financial advisory team based
in Destin, Florida. The acquired firm, which has about $1.4
billion in client assets, was previously affiliated with Merrill
Lynch.
ECHELON Partners, the US investment bank that advises on wealth deals, was exclusive sell-side advisor to KFBM&A.
NewEdge Advisors is part of NewEdge Capital Group. The other part of the parent firm is NewEdge Wealth, which serves ultra-high net worth clients.
