The acquisition – for an undisclosed sum – will broaden the Ohio-based Carnegie’s national presence, including the important Florida market, it said in a statement yesterday. AHL’s two-person team will fully integrate with Carnegie.

“Welcoming AHL Investment Management to the Carnegie family is an exciting step forward in our 50-year journey of growth and mission driven wealth management”, Richard Alt, CEO and principal of Carnegie, said.

Earlier in 2025, Carnegie acquired $1.3 billion RIA Eagle Ridge Investment Management.

Carnegie Investment Counsel was founded in 1974. 

Raymond James
Raymond James has bought a majority stake in GreensLedge Holdings a boutique investment bank operating in structured credit and securitization. 

The acquisition of the firm formalizes a longstanding relationship between the two firms, Raymond James said. Under the terms of the deal, St Petersburg-headquartered Raymond James will obtain a majority ownership stake, while Sumitomo Mitsui Trust Group, a GreensLedge partner, will retain a minority interest.

Closing the acquisition is subject to the satisfaction of customary conditions, including regulatory approvals. The financial terms were not disclosed.

“We’re excited to take this next step with the GreensLedge team,” Jim Bunn, president of capital markets and advisory at Raymond James, said. “Their specialized expertise in structured products, paired with our robust fixed-income distribution and trading capabilities, unites best-in-class strengths, forming a compelling strategic partnership. 

GreensLedge is led by managing partners James Kane, Brian Zeitlin, Lesley Goldwasser and Ken Wormser.

Raymond James said the partnership unlocks potential for development across its range of businesses, including Raymond James Investment Management, Raymond James Bank, the Private Capital Advisory, Financial Services and Real Estate investment banking teams, and the Private Client Group’s ultra-high net worth offerings.

The firm said it will continue to explore collaborative opportunities within capital markets to build on GreensLedge’s partnership with Sumitomo Mitsui Trust Group.

Sullivan & Cromwell advised Raymond James on legal matters over the transaction. Houlihan Lokey acted as financial advisor and Debevoise & Plimpton as legal advisor to GreensLedge.

Beacon Pointe Advisors
California-based Beacon Pointe Advisors, a registered investment advisor , has expanded its East Coast presence with the acquisition of Sensible Financial Planning, a wealth management firm headquartered in Waltham, Massachusetts.

The addition will bolster Beacon Pointe’s network in the greater Boston area adds about $944 million in assets under management, bringing the firm's total assets under advisement to about $54 billion.

With its bicoastal offices in Waltham, and San Diego, California, Sensible Financial Planning serves clients nationwide, providing a suite of services that includes retirement planning, tax strategies, insurance analysis, estate and legacy planning, and integrated investment management.

“We are keeping our offices, our team, and our clients,” partner and managing director, Rick Miller, partner and managing director at Sensible Financial Planning, said.

“While most things will not change, we are looking forward to the advantages of being part of a larger firm. Beacon Pointe will be a good home where our clients can thrive, and our staff can grow professionally,” partner and managing director, Rick Fine, fellow MD and partner, added.

The acquisition of Sensible Financial Planning formally closed on October 1, 2025. Advisor Growth Strategies acted as the advisor for the Sensible Financial Planning transaction. With this transaction, Beacon Pointe Advisors now oversees about $54 billion in client assets, supported by more than 600 employees across 75+ offices nationwide.