Wealthspire Acquires $1.2B Fi3 Advisors; Apollon and Merit Expand via M&A
New York-based Wealthspire has agreed to acquire Indianapolis-based Fi3 Advisors, a boutique firm managing approximately $1.2 billion in assets. This marks Wealthspire's second acquisition in Indianapolis this year, bringing its local footprint to roughly $3 billion. Fi3's leadership will remain, and clients will access Wealthspire's family office platform. In other industry moves, Apollon Wealth Management added Wisconsin-based Senglaub Financial Group, which manages $650 million. Led by Jeff and Christy Senglaub, the firm strengthens Apollon's Midwest presence and aligns with its strategy of partnering with multigenerational teams. Meanwhile, Atlanta-based Merit Financial Advisors completed its 58th acquisition by purchasing Seattle-based Pradel Financial Group, which oversees nearly $420 million. Founded by former Commonwealth Financial Network advisor Paul Pradel, the deal supports succession planning and expands Merit’s national network to over 55 offices with $26 billion in assets under management. These transactions highlight continued consolidation in the Registered Investment Advisor (RIA) sector, as firms seek scale, specialized resources, and long-term stability for clients through strategic partnerships and acquisitions across various US regions.
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Wealthspire Acquires $1.2B Fi3 Advisors; Apollon and Merit Expand via M&A
New York-based Wealthspire has agreed to acquire Indianapolis-based Fi3 Advisors, a boutique firm managing approximately $1.2 billion in assets. This marks Wealthspire's second acquisition in Indianapolis this year, bringing its local footprint to roughly $3 billion. Fi3's leadership will remain, and clients will access Wealthspire's family office platform. In other industry moves, Apollon Wealth Management added Wisconsin-based Senglaub Financial Group, which manages $650 million. Led by Jeff and Christy Senglaub, the firm strengthens Apollon's Midwest presence and aligns with its strategy of partnering with multigenerational teams. Meanwhile, Atlanta-based Merit Financial Advisors completed its 58th acquisition by purchasing Seattle-based Pradel Financial Group, which oversees nearly $420 million. Founded by former Commonwealth Financial Network advisor Paul Pradel, the deal supports succession planning and expands Merit’s national network to over 55 offices with $26 billion in assets under management. These transactions highlight continued consolidation in the Registered Investment Advisor (RIA) sector, as firms seek scale, specialized resources, and long-term stability for clients through strategic partnerships and acquisitions across various US regions.
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