Activity in the RIA space remains robust, with notable acquisitions and expansion efforts.

Sequoia Financial Group, an Ohio-based RIA with over $15 billion in assets under management (AUM), is set to acquire M Capital Advisors, a Nashville firm with $930 million in managed assets, in a deal expected to close by the end of the month. This marks Sequoia's fourth acquisition in 2023, following Zeke Capital Advisors, Cirrus Wealth Management, and Affinia Financial Group. With the addition of M Capital, Sequoia will grow to employ 250 people and manage over $16.5 billion in total assets.

Mercer Global Advisors, managing over $40 billion in assets, has acquired Kingfisher Capital, adding approximately 210 clients and $630 million in managed assets to their platform. Additionally, NewEdge Wealth has brought aboard ultra-high-net-worth advisors from JP Morgan's First Republic. CoastalOne has incorporated nine North Texas advisors with a collective $500 million in assets, as reported by WealthManagment.com.

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