The latest wealth management merger and acquisition transactions in North America.

Boston-based Crow Point Partners, an asset management house, is acquiring a minority stake in Cleveland, Ohio-based Oak Park Wealth Management. As a result, Crow Point will begin offering private wealth management and family office services to the marketplace under the Oak Park brand name.

Crow Point Partners oversees $150 million in assets; Oak Park is a $20 million wealth management firm that acts as a full-time fiduciary for private clients offering financial planning and investments.

“Private wealth services are a natural extension of our business,” Peter DeCaprio, Crow Point’s president and CEO, said. “We manage money for many other RIA’s and family offices; our product lineup and skill sets match up nicely with what RIAs already ask for from us, which are differentiated strategies that consistently beat benchmarks.”

The financial terms of the transaction were not disclosed.

Baker Tilly
Advisory, tax and assurance firm Baker Tilly Virchow Krause, aka Baker Tilly, has aquired Talavant, a Madison-based data analytics management consulting firm. 

Talavant helps organizations make the most out of their data to give them a business edge, adding to the Baker Tilly Digital suite of data analytic and advanced technology capabilities.

“Teaming Talavant’s deep analytics capabilities with Baker Tilly’s advanced technology solutions and industry specialization creates a unique combination of skills, knowledge and bench strength to help our clients anticipate market conditions and make strategic decisions,” principal and Baker Tilly digital leader John Runte, said.

With headquarters in Chicago, Baker Tilly, and its affiliated entities, have operations in North America, South America, Europe, Asia and Australia.