Private equity in wealth management.

RIA	AUM	Private equity owners
C Captrust Raleigh, NC	$1.24T	Carlyle · Minority · since 2023 source GTCR · Minority · since 2020 source
F Fisher Investments Plano, TX	$386.67B	Advent International · Minority · since 2025 · Alongside ADIA; Ken Fisher keeps control source
Edelman Financial Engines Santa Clara, CA	$326.29B	Warburg Pincus · Minority · since 2021 source Hellman & Friedman · Majority · since 2015 source
C Creative Planning Overland Park, KS	$295.57B	TPG · Minority · since 2024 source General Atlantic · Minority · since 2020 · Peter Mallouk keeps a majority stake source
C Cetera Investment Advisers LLC Schaumburg, IL	$256.81B	Genstar Capital source
H Hightower Advisors, LLC Chicago, IL	$198.58B	Thomas H. Lee Partners · Majority · since 2017 source
C Corient Miami, FL	$165.25B	Mubadala Capital · Majority · since 2025 · Through its take-private of parent CI Financial source
C Cerity Partners LLC New York, NY	$161.68B	Warburg Pincus · Minority · since 2026 · Reported February 2026 source Genstar Capital · since 2022 · Led a 2022 recapitalization source Lightyear Capital · Minority · since 2017 source
Mariner Overland Park, KS	$125.41B	Neuberger Berman Capital Solutions · Minority · since 2024 source Leonard Green & Partners · Minority · since 2021 · Marty Bicknell keeps majority control of the board source
W Wealth Enhancement Advisory Services, LLC Plymouth, MN	$122.19B	Onex · since 2021 · Equal capital partners with TA Associates source TA Associates · since 2019 · Equal capital partners with Onex since 2021 source
Pathstone Englewood, NJ	$110.3B	Kelso & Company · since 2023 source Lovell Minnick Partners · since 2019 source
M Mercer Global Advisors Inc. Denver, CO	$84.4B	Altas Partners · since 2023 source Oak Hill Capital · since 2019 source Genstar Capital · since 2015 source
K Kestra Advisory Services, LLC Austin, TX	$79.8B	Stone Point Capital · Majority · since 2024 source Oak Hill Capital · Minority source Formerly Warburg Pincus · Majority · 2019–2024 source
Cresset Asset Management, LLC Chicago, IL	$78.94B	Constellation Wealth Capital · Minority · Less than 10% source
Savant Wealth Management Rockford, IL	$55.61B	Kelso & Company · Minority · since 2021 · Founder Brent Brodeski keeps control source
Beacon Pointe Advisors, LLC Newport Beach, CA	$54.87B	KKR · Minority · since 2021 · Management owns more than 50% source Formerly Abry Partners · until 2021 source
M Mai Capital Management, LLC Cleveland, OH	$52.1B	Carlyle · Majority · since 2026 · Announced 2026 source
Cwm, LLC Omaha, NE	$50.58B	Bain Capital · Minority · since 2021 · Ron Carson keeps majority ownership source Formerly Long Ridge Equity Partners · Minority · 2016–2021 source
E Ep Wealth Advisors Torrance, CA	$45.15B	Ares Management · Minority · since 2025 source Berkshire Partners · Minority · since 2020 · Management keeps control source
P Prime Capital Financial Overland Park, KS	$39.14B	Carlyle · Minority · since 2026 · From Carlyle's credit platform; majority employee-owned source Formerly Abry Partners · 2023–2026 source
W Wealthspire Retirement Advisory Aliso Viejo, CA	$38.61B	Madison Dearborn Partners · Majority · since 2025 · Bought from Aon source
S Steward Partners Investment Advisory, LLC Stamford, CT	$36.73B	Ares Management · Minority · since 2025 · Employee-owned; leadership keeps control source
Allworth Financial, L.p. Folsom, CA	$33.55B	Integrum source Lightyear Capital · With Ontario Teachers' Pension Plan source
S Sequoia Financial Group, L.l.c. Akron, OH	$32.24B	Valeas Capital Partners · Minority · since 2022 · Majority employee-owned source Kudu Investment Management · Minority · since 2020 source
Merit Financial Advisors Alpharetta, GA	$23.88B	Constellation Wealth Capital · Minority · since 2025 source Formerly HGGC · Minority · until 2025 source Formerly Wealth Partners Capital Group · Minority · until 2025 source
Mission Wealth Management, LP Santa Barbara, CA	$17B	Great Hill Partners · Minority · since 2025 · Majority employee-owned source
F Focus Financial Partners	—	Clayton, Dubilier & Rice · Majority · since 2023 · Took Focus private in 2023 source Stone Point Capital · since 2017 · Kept a stake in the 2023 take-private source
H Homrich Berg	—	TPG · Minority · since 2024 · TPG Growth; management keeps control source New Mountain Capital · Minority · since 2021 source

Stakes sold

PE firms that have sold their stake in an RIA, most recent first.

• Abry Partners sold its stake in Prime Capital Financial in 2026 · Sold its stake in 2026 source
• HGGC sold its stake in Merit Financial Advisors in 2025 · Sold its stake in 2025 source
• Wealth Partners Capital Group sold its stake in Merit Financial Advisors in 2025 · Sold its stake in 2025 source
• Warburg Pincus sold its stake in Kestra Advisory Services, LLC in 2024 · Sold its majority stake to Stone Point source
• Abry Partners sold its stake in Beacon Pointe Advisors, LLC in 2021 · Sold its stake when KKR invested source
• Long Ridge Equity Partners sold its stake in Cwm, LLC in 2021 · Sold its stake to Bain Capital source

Ownership changes often, and many deals don't disclose terms; “majority” or “minority” is shown only where the source says. AUM is from each firm's latest Form ADV. See something missing or out of date? Email joe@advisortechbook.com with a source.