Private equity firms

Atria Wealth Solutions firm Sorrento Pacific recruited a half dozen new advisors in the acquisition and succession-fueled move.

CEO Jamie Price unveiled a three-part “advisor appreciation program” after Reverence Capital closed on a majority stake of the IBD network.

President Adam Antoniades cites record expansion for the year, but the IBD network faces challenges related to recruiting and debt levels.

Lightyear Capital sold its majority stake in Wealth Enhancement Group to another wealth management industry entrant.

Wealth Enhancement Group has also grown organically by more than $1 billion each of the past two years.

Opening the door to retail money comes with risks, including the danger of exposing financial neophytes with relatively limited savings to complex investments.

Jamie Price and incoming majority owner Reverence promise more of the same for the 6,500-advisor IBD network.

Reverence Capital Partners agreed to buy 75% of the 6,500-advisor IBD network from the ownership team that purchased it in 2016.

People familiar with the matter said that Centerbridge Partners is in talks to buy the four-firm, 6,500-advisor IBD network.

The six-IBD network lost advisors during a capital structure change, but its new majority owner says the predicted expansion is still on track.

The firm aims to avoid disruptions for its 2,300 advisors — but the pending recapitalization comes as the space consolidates amid shrinking margins.

The private equity giant with a track record of taking firms public would add the IBD to its list of more than 850 investments for $73 billion worldwide.

The deal for Next Financial would grow the firm's portfolio in the sector to nearly 2,000 reps.

In an internal memo, CEO James Poer pledges that any change to the firm’s capital structure "would be made with your business in mind first."

The IBD and its subsidiaries’ 2,300 advisors appear to be facing a sale by its parent, with bidding reported to be starting as soon as next week.

The executive argues the firm’s ownership structure is giving it a leg up — rather than posing the issues for advisors decried by critics.

The practice is at least the second this year to jump from the Advisor Group firm to its similarly sized rival.

Weissbluth will step down as CEO and become chairman.

The owner of RIA aggregator Mercer Advisors has pledged to maintain the IBD network’s current structure under the deal.

The advisory firm left Securities America to make the move.