M and A
Deals Of The Day: The Latest In Wealth Management M&A – Robertson Stephens, Avantax
.jpg)
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Robertson Stephens
Robertson Stephens Wealth Management has added Colorado-based
Three Points Financial, an RIA with $118 million in advisory
assets, to its business.
Mary Alpers, business founder, is joining Robertson Stephens as managing director and principal. Previously, she was president of Three Points Financial. Alpers has 20 years’ industry experience. Her team includes her colleague of 17 years, Michelle Williamson, according to a statement from Robertson Stephens yesterday.
Following the deal, the business now has about $5.4 billion in advisory assets in 20 locations across the US.
Avantax
Avantax, a tax-focused
financial planning and wealth management firm, said yesterday
that it has acquired GA Investment Management, based in
Pennsylvania.
Since closing the acquisition, $400 million in GA client assets have been onboarded to the Avantax platform, and 10 GA employees are now W-2 employees of Avantax.
The three partners who led GA are Stephen Gierl, Gary Augustine, and Tim Augustine.
