“Wealthy” is a subjective term. Charles Schwab recently surveyed what Americans think it means to be wealthy and discovered that respondents had sharply different opinions when asked about themselves—and others.

Wealthspire Advisors has reached a deal to acquire ACG Wealth Management, a registered investment advisor based near Richmond, Va., with around $1 billion in assets under management. ACG’s client base is split between retail clients and businesses. The firm works with more than 240 families and around 285 retirement-plan sponsors according to Wealthspire. “ACG... Free Registration Welcome to Barron’s Advisor! Our content is free but available only to wealth management professionals. To read...

Mercer Advisors has sold a stake to the Canadian private-equity firm Altas Partners in a deal valuing the registered investment advisor at more than $3 billion. The deal is expected to raise more than $1 billion in equity. Altas is Mercer’s third PE backer, joining Genstar Capital and Oak Hill Capital, along with more than 300 employees who have an equity stake in the Denver-based RIA. “We... Free Registration Welcome to Barron’s Advisor! Our content is free but available only to wealth...

Hightower is making a substantial acquisition with the purchase of Vigilant Wealth Management, a New England-based registered investment advisor with around $2.3 billion in client assets. The deal is Hightower’s fifth and largest of the year, continuing an aggressive acquisition streak for the Chicago-based aggregator. Hightower CEO Bob Oros... Free Registration Welcome to Barron’s Advisor! Our content is free but available only to wealth management professionals. To read this article, please...

Adviser Investments, a large registered investment advisor based just outside Boston, is merging with Ropes Wealth Advisors to create a combined entity that will manage nearly $15 billion in client assets, the firms said Tuesday. The deal, expected to close by the end of July, will see Adviser Investments acquire Ropes Wealth Advisors, based in Boston, from its parent company, the global law firm Ropes & Gray. The... Free Registration Welcome to Barron’s Advisor! Our content is free but...