Here are two deals by RIAs of the kind that have been a feature of wealth management M&A in the North American industry.

Savant Wealth Management, an RIA, has acquired another registered investment advisor, Rhode Island-based Corrigan Financial, a business with $1.5 billion in AuM. On the same day, Lido Advisors, headquartered in Los Angeles, also bulked up with an acquisition. 

Savant did not disclose the terms of the deal.

Corrigan Finan, which is based in Middletown, has a total of 25 people. It was founded in 1989 by Daniel Corrigan who leads the business.

The acquisition is Savant’s first such deal in 2025; its US footprint now extends to 44 offices in 19 states. Savant is headquartered in Rockford, Illinois.

The transaction is an example of the kind of M&A activity that continues to be a feature of the North American wealth management space, as outlined recently by ECHELON Partners, the investment bank and advisory firm to wealth managers. 

Corrigan Financial provides financial planning, investment advisory services, tax planning and preparation, and corporate pension plan services. The firm also prepares income tax returns for more than 1,000 families. Corrigan’s tax service offering will be incorporated into the Savant Tax & Consulting business line, Savant said in a statement yesterday. 

“It’s important to note that the majority of Corrigan’s financial planners hold the CPA license, given the importance of integrating tax planning into clients’ financial plans and the current nationwide shortage of CPAs,” Brent Brodeski, Savant’s CEO and founder.

Employee members own about 65 per cent of Savant. Corrigan and 15 shareholders of Corrigan Financial became member-owners upon joining Savant at the close of the transaction.

Lido
In separate news, Los Angeles-headquartered Lido Advisors, which has more than $29 billion in regulatory AuM, is partnering with Scottsdale, Arizona-based RIA Copperwynd Financial, a business with $720 million in client money. 

Copperwynd’s team will join Lido; their advisors become Lido partners. 

Houlihan Lokey, led by Matt Kempler, served as the exclusive financial advisor to Copperwynd.