The team has joined with about $175 million in assets under advisement. 

Hellerman-Hersman is joined by financial advisor Bryan T Fox, along with their support staff, serving clients in over 20 states nationwide. Hellerman-Hersman spent 24 years at Concourse Financial Group Securities, before moving to Commonwealth Financial Network in 2023.

Hellerman-Hersman acquired Concourse in early 2025, bringing many of her former colleagues to Cetera. Two years after her move to Commonwealth, their acquisition by LPL Financial in 2025 prompted Hellerman-Hersman to revisit her options.

"We spent a year evaluating our options and finding the right size broker-dealer that would help ensure our clients, and the service they receive, remained priority was paramount," Hellerman-Hersman said. "Cetera was the best fit and their shared client-service philosophy made all the difference."

The statement from Cetera about the arrival of the team made no reference to any financial terms.

Fox said the Harbor Financial Advisors team was looking for a “boutique, white-glove service. The kind of service where, if we call in, we get a familiar voice, someone who knows how our office operates. That's exactly what we got with Cetera."

As of June 30, 2026, Cetera firms manage about $688 billion in assets under administration and $330 billion in assets under management. 

MAI Capital Management, OG Private Wealth
One day after entering into the Atlanta market with the acquisition of Waypoint Wealth Counsel, MAICapital Management, a registered investment advisor , is expanding into California with the acquisition of OG Private Wealth, a fee-only RIA with offices in Chico and Hermosa Beach, California. OG Private Wealth manages about $551 million in assets under management . It specializes in personalized investments and planning for entrepreneurs, business owners and affluent families across the state. The terms of the transaction, which was effective August 14, were not disclosed.

Founded by brothers Ryan O’Donnell and Mike O’Donnell, following careers at wealth management firms such as Merrill Lynch, OG Private Wealth was built on the belief that entrepreneurs, business owners and affluent families deserve a more personal, goal-focused way to manage their wealth. Its planning-first approach helps clients simplify their financial lives by combining comprehensive investment management with holistic wealth planning that integrates cash flow oversight, estate planning, pre-sale planning and tax-efficient strategies in an all-in-one package.

Since its founding, OG Private Wealth has grown organically through strong client relationships, serving entrepreneurs, executives and affluent families across the country, with an especially established presence spanning Northern California, Los Angeles and Miami, the firm said in a statement. The firm's footprint complements MAI's existing presence in each of these markets.

MAI has 42 offices across the US, a team of over 700 people and, as of June 30, 2026, nearly $80.4 billion in total assets including $73.8 billion in assets under management and $6.6 billion in assets under advisement.