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Deals Of The Day: The Latest In Wealth Management M&A – Cetera, Goldman Sachs, Janus Henderson
Editorial Staff
2 April 2026
Cetera Matkovic is led by Mark J Matkovic. The firm’s team is joining the Avantax Planning Partners community within Cetera's RIA model. "As we explored options for the future of Matkovic Financial Group – for the good of our clients, team members and business – it quickly became clear that keeping our business within the Cetera network and Avantax community was the best option," Matkovic said. The transaction is the third announced acquisition into Cetera's RIA and branches channel in 2026. The channel was launched in June 2025. Goldman Sachs The business has about $31 billion in assets under supervision across a suite of 171 ETFs. The acquisition means that Goldman Sachs Asset Management will manage about 240 ETFs globally. In total, GSAM has total ETF assets under supervision of $90 billion. Innovator’s more than 70 employees are joining Goldman Sachs. The firm is retaining investment management and service providers for the existing Innovator ETF lineup to ensure a seamless transition for fund shareholders. Janus Henderson Investors “I am pleased to share that Janus Henderson’s acquisition of RBA is now complete, bringing together two highly respected firms with a shared commitment to delivering differentiated outcomes for clients. This strategic acquisition expands our investment capabilities, enhances our model portfolio and SMA offerings, and increases the breadth, flexibility, and customization available to support clients’ evolving needs," Ali Dibadj, chief executive officer of Janus Henderson, said. “Together, Janus Henderson and RBA combine complementary strengths in research, product innovation, and distribution. The acquisition expands the resources supporting our models and portfolios while preserving the independence and rigor that defines RBA,” Richard Bernstein, chief executive officer and chief investment officer of RBA, added.
Cetera has completed the acquisition of Matkovic Financial Group, an Indianapolis-based independent practice specializing in wealth management and tax planning, that oversees about $135 million in assets.
Goldman Sachs has wrapped up its acquisition of Innovator Capital Management, which specializes in areas such as “defined outcome” exchange-traded funds).
Janus Henderson Investors, a global active asset manager, has completed the acquisition of RBA , a research-driven, macro multi-asset investment manager. The transaction was previously announced in January.