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

Rise Growth Partners has made a minority investment in Krilogy, a St Louis-based RIA managing more than $4 billion in client assets. Krilogy, which was founded in 2009, has a team of 85 people, including more than 40 wealth advisors.

The partnership with Rise will help Krilogy in its next phase of growth, Kent Skornia, founder and chief executive officer of Krilogy, said. 

The financial size of Rise’s stake wasn’t disclosed.

(Editor's note: Rise Growth is headed by Joe Duran, former founder of United Capital and, after selling United to Goldman Sachs, a partner in the latter firm. He is competing in the minority investor space with Constellation Wealth Capital, headed by Karl Heckenberg, former CEO of Emigrant Partners.)