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abrdn to scoop up interactive investor in $2bn deal

British asset manager abrdn is set to buy subscription-based investment platform interactive investor for £1.49bn in cash. The company said the deal would significantly enhance its presence and growth opportunities…

Aspiriant snaps up HearthStone Private Wealth Management

US-based wealth management firm Aspiriant has acquired San Diego-based wealth management firm HearthStone Private Wealth Management. Financial details of the transaction were not disclosed. HearthStone manages approximately $350m in assets…

Mercer Advisors accelerates acquisition spree with new deal

Mercer Global Advisors has acquired Virginia-based Precipio Wealth Management further accelerating its acquisition spree. Financial terms of the deal were not disclosed. Founded as a fee-only registered investment adviser (RIA)…