Digest March 16th

Advisor Independence Continues to Reshape the Landscape

Elevation Point — originally launched to help brokers go independent — is now attracting teams from large RIAs that are seeking more control, culture alignment, and flexibility. This movement reflects a larger trend: even advisors who already operate independently are looking for customized platforms that let them grow without rigid infrastructure.
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Captrust Acquires $2.4 Billion Kansas Advisory Firm

Captrust Financial Advisors has acquired Meritage Portfolio Management, a Kansas-based RIA with $2.4 billion in assets under management. The deal expands Captrust’s presence in the Midwest and underscores how well-capitalized RIAs are using targeted acquisitions to drive regional growth and deepen client relationships.
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UBS Recruits $1 Billion Advisor Team from Merrill Lynch

UBS has brought over a $1 billion team from Bank of America’s Merrill Lynch, continuing a streak of aggressive recruiting moves. The transition highlights ongoing competition for top talent, especially as firms adjust compensation models and advisors seek more control over client service and growth potential.
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