The wealth management space has been abuzz with activity in 2026, with a slight dip compared to the previous year but signs pointing to a potential deal frenzy as the year progresses. Despite a somewhat tepid week, notable moves have been made in the industry, showcasing the resilience and adaptability of firms in the face of changing market dynamics.
One significant acquisition that took place recently was Creative Planning’s purchase of Duncan & Haley, a Seattle-based RIA with $660 million in assets under management. This marks Creative Planning’s second acquisition of the year, further solidifying its position in the market. Duncan & Haley, established in 1998, specializes in serving private clients and employer-sponsored retirement plans, offering a range of services including investment, tax, retirement, estate, and trust services. The firm, previously majority-owned by President John Haley, brings a wealth of expertise and experience to Creative Planning.
In a statement following the acquisition, Haley emphasized the importance of providing clients with comprehensive financial services, including tax strategy, estate planning, and retirement plan governance. Creative Planning CEO and president Peter Mallouk echoed this sentiment, highlighting the shared belief in delivering personalized and coordinated financial strategies for clients’ long-term goals. The integration of Duncan & Haley into Creative Planning’s ecosystem is expected to enhance the value and insights offered to clients, further strengthening the firm’s competitive edge in the market.
Another notable deal that took place recently was Merit Financial Advisors’ acquisition of Yeomans Consulting Group, a Marietta, Georgia-based wealth management firm with approximately $434 million in assets under management. This transaction, Merit’s 56th deal, showcases the firm’s commitment to strategic growth and expansion. Yeomans Consulting Group, led by founder and CEO Randy Yeomans and president Nicholas Yeomans, brings a wealth of experience and a solid client base to Merit. The duo, along with their operations, compliance, and client service teams, will join Merit as wealth managers and partners, further enhancing the firm’s capabilities and service offerings.
In addition to these acquisitions, Summitry, a $3.36 billion RIA based in Foster City, California, recently acquired Vantage Wealth, a Pasadena-based RIA with $721 million in assets under management. This move further solidifies Summitry’s position in the market and allows the firm to provide holistic wealth management services to a diverse client base. Vantage Wealth, originally founded in 2003 as Osher Van de Voorde Investment Management, brings a unique set of capabilities and expertise to Summitry, enabling the firm to deliver tailored solutions to clients across generations.
Overall, the wealth management space continues to evolve and adapt to changing market conditions, with firms actively pursuing strategic acquisitions and partnerships to enhance their offerings and expand their reach. These recent deals highlight the resilience and innovation of industry players, positioning them for success in an increasingly competitive landscape.
