Creative Planning Adds $430M Hawaii-based RIA
Creative Planning, the mega-registered investment advisor based in Overland Park, Kan., has acquired a team in Hawaii overseeing $430 million in client assets.
Mosaic Pacific, founded in 2014, will grow Creative Planning’s footprint in the Pacific region and bring on board about six more advisors, along with compliance and support staff.
Creative Planning’s “investment committee approach and dedication to client education align perfectly with our client service philosophy,” Cory Nakamura, chief investment strategist at Mosaic Pacific, said in a statement. “This acquisition allows us to maintain our client-focused approach while bringing our clients additional resources and services.”
The deal is Creative Planning’s 13th in two years. The RIA, which is backed by private equity firms TPG Capital and General Atlantic, oversees, with its affiliate firms, more than $370 billion in combined assets under management and advisement in all 50 states and 90 countries.
True North Acquires $353M California-based RIA
True North Advisors, a Dallas-based RIA with $5.1 billion in AUM, has acquired Blue Investment Partners, based in Danville, Calif., along with clientele in the New York tri-state area.
The deal gives True North its first San Francisco Bay Area office and increases its AUM by $353 million. The firm also has a Greater New York Metro area client base.
Blue Investment was founded in 2018 by Brett Hoover and Matt Dublin, who will both join the firm. The firm is focused on ultra-high-net-worth families and institutional investors.
The deal is True North’s second since it received backing from Wealth Partners Capital Group and the HGGC Aspire Holdings platform in January 2024.
Blue Investment was represented by Jessica Polito of Turkey Hill Management LLC in the deal.
$8.6B NorthRock Partners Acquires Bay Area Parkside Advisors
NorthRock Partners, a Minneapolis-based RIA with $8.6 billion AUM, has acquired Parskside Advisors, a San Francisco Bay Area advisory overseeing $800 million in client assets.
Parkside works with high-net-worth clients, including corporate executives, tech professionals, entrepreneurs and business owners. With the acquisition, managing principals Charlie Benziger, Audrey Grubman and their team will take the NorthRock brand and work out of their offices in Berkeley and San Rafael, Calif..
NorthRock is backed by Emigrant Partners and insurance holding company Sammons Financial Group. It expanded in Chicago earlier this year by adding advisor Tony Pondel from his LPL affiliate.
NFP Buys Wealth and Retirement Firm Levine Group
Aon-owned NFP has acquired a former Kestra Holdings-affiliated firm based in Brentwood, Tenn.
Levine Group will join NFP, which does wealth management, retirement plan advice, insurance and benefits consulting. Levine Group founder Michael Levine will join the firm and work with Mike Schneider, president of NFP’s Central and West regions. Trevor Coe and Zach Levine, Michael’s son, will also join.
“Their experience and relationships in the Nashville and surrounding market will help us better serve clients and grow our wealth and retirement business in the region,” NFP’s Schneider said in a statement.
New York-based NFP declined to give the AUM for Levine Group.
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