Sell Your Wealth Management Firm in Utah
Who is buying RIAs and wealth management firms in Utah
Named wealth management acquisitions we have recorded in Utah
- Rovin Capital, acquired by CW Advisors (Osaic)Private-equity-backed buyer · Closed Feb 2026 · Lehi, UT and Mesa, AZ · Source ↗
| Platform | Owner / backer | Type | Headquarters | Scale | |
|---|---|---|---|---|---|
| Wealth Enhancement Group | TA Associates and Onex (majority owners); Stone Point also an investor | Private equity | Minneapolis, MN | More than 194 offices (Aug 2026); $164.6 billion in client assets as of Aug 31, 2026, and more than $187.1 billion once the RWA deal closes | Source ↗ |
| Creative Planning | Peter Mallouk, founder and CEO (majority); General Atlantic (minority, 2020); TPG Capital (minority, 2024) | Private equity | Overland Park, KS | About $780 billion in assets under management (Sep 2026) | Source ↗ |
| Mariner | Marty Bicknell, CEO and president (majority control); Leonard Green & Partners (minority, 2021); Neuberger Berman Capital Solutions (minority, 2024) | Private equity | Overland Park, KS | About $555 billion (Citywire headline, Apr 2026) | Source ↗ |
| CAPTRUST | Managers and employees (majority); GTCR and Carlyle (minority) | Private equity | Raleigh, NC | More than $1.2 trillion in assets under advisement and management (May 2026) | Source ↗ |
| Focus Financial Partners | Clayton, Dubilier & Rice (CD&R) and Stone Point Capital (took it private, closed Aug 31, 2023) | Private equity | St. Louis, MO | More than $500 billion in advised assets across Focus firms as of Jan 1, 2026 | Source ↗ |
| Hightower Advisors | THL (Thomas H. Lee Partners), lead investor since 2018 | Private equity | Chicago, IL | $350 billion in assets, 663 advisors in 33 states (Sep 2025) | Source ↗ |
| Corient | Mubadala Capital, through CI Financial (take-private closed Aug 12, 2025) | Private equity | Miami, FL | About $508 billion in client assets after completing two U.K. acquisitions (Jun 2026); the U.S. business alone had about $222 billion as of Mar 31, 2026 | Source ↗ |
| Cerity Partners | Genstar Capital (majority, since 2022); employees and Lightyear Capital (minority) | Private equity | New York, NY | More than $206 billion in client assets (Oct 2026) | Source ↗ |
| Mercer Advisors | Oak Hill Capital, Genstar Capital, Altas Partners and GIC (majority owners) | Private equity | Denver, CO | More than 110 locations; $111 billion in client assets (Sep 2026 release) | Source ↗ |
| Merit Financial Advisors | Constellation Wealth Capital (minority, Jul 2025) | Private equity | Atlanta, GA | More than 55 offices; approximately $30.1 billion in total client assets (as of Jul 20, 2026) | Source ↗ |
| Savant Wealth Management | Employees (largest shareholder); Cynosure Partners and Kelso & Company (about 30% combined); Hamilton Lane (funded a $270M continuation vehicle for part of Cynosure's stake, Jul 2026) | Private equity | Rockford, IL | More than $57 billion (Sep 2026) | Source ↗ |
| Beacon Pointe Advisors | KKR (holds a stake through KKR Polyphony Aggregator L.P.); otherwise independently owned | Private equity | Newport Beach, CA | 90+ offices; approximately $62 billion in client assets under advisement (Feb 2026) | Source ↗ |
| EP Wealth Advisors | Berkshire Partners and Ares Management (minority stakes); co-founders keep meaningful ownership | Private equity | Torrance, CA | More than 54 offices across 19 states; nearly $40 billion AUM (as of Aug 31, 2025) | Source ↗ |
| Carson Group | Founder Omani Carson and employee shareholders (majority); Bain Capital (minority, 2021) | Private equity | Omaha, NE | More than $65 billion in assets under management; 50 integrated offices (Sep 2026) | Source ↗ |
| Modern Wealth Management | Crestview Partners (provided $200 million at launch, 2023) | Private equity | Monterey, CA | Total assets of more than $15 billion; 23 acquisitions since 2023 (Sep 2026) | Source ↗ |
| Allworth Financial | Integrum Holdings, Lightyear Capital and Ontario Teachers' Pension Plan (co-led the Apr 2026 round); employee and advisor shareholders keep significant ownership | Private equity | Folsom, CA | More than 40 offices; surpassed $40B AUM (Sep 2026) | Source ↗ |
| MAI Capital Management | Carlyle (majority; closed Jun 4, 2026) | Private equity | Cleveland, OH | Approximately $77.3 billion in combined client assets (Jun 2026) | Source ↗ |
| Prime Capital Financial | Founders and about 160 advisor-owners; Carlyle Global Credit (minority, expected under 25%, Aug 2026) | Private equity | Overland Park, KS | $45B+ AUM; 75+ offices (as of Aug 6, 2026) | Source ↗ |
| CW Advisors (Osaic) | Osaic, a portfolio company of Reverence Capital Partners (bought from Audax; closed Aug 2025) | Private equity | Boston, MA | 23 offices; more than $16 billion in assets under management (Feb 2026) | Source ↗ |
| LPL Financial | Publicly traded (Nasdaq: LPLA) | Strategic / public | San Diego, CA | Over 32,000 financial advisors; approximately $2.4 trillion in brokerage and advisory assets (Apr 2026) | Source ↗ |
| Stratos Wealth Holdings | SEI Investments Company (Nasdaq: SEIC), controlling stake (first stage closed Dec 3, 2025) | Strategic / public | Beachwood, OH | Not disclosed | Source ↗ |
| Wealthspire | Madison Dearborn Partners (bought from Aon/NFP; closed Oct 30, 2025) | Private equity | New York, NY | About $560 billion in client assets, mostly retirement plan assets (Sep 2025, at the deal) | Source ↗ |
| Choreo | Parthenon Capital (lifted the firm out of RSM in 2022) | Private equity | Chicago, IL | About $28 billion (Citywire headline, Jul 2026) | Source ↗ |
Ownership verified October 6, 2026. See every platform's recent deals in the Wealth Management roll-up tracker →
How many investment advice firms are in Utah
The Census Bureau counted 347 investment advice firms in Utah in 2023, ranking 23rd of 50 states. 88% had fewer than five employees and 98% had fewer than 20. 0 had 50 or more.
| Employees | Establishments | Share |
|---|---|---|
| Fewer than 5 | 305 | 88% |
| 5 to 9 | 25 | 7% |
| 10 to 19 | 11 | 3% |
| 20 to 49 | 6 | 2% |
| 50 or more | 0 | 0% |
This counts investment advice firms (NAICS 523930). Firms that file as portfolio managers (NAICS 523920) are counted separately and are not included.
Source: U.S. Census Bureau, County Business Patterns 2023 ↗ (NAICS 523930). An establishment is a single physical location, so an owner with three locations counts three times.
What a wealth management firm in Utah is worth
RIAs and wealth management firms typically sell for 6x-12x EBITDA, or 2.7x-7x SDE for smaller owner-operated RIAs and wealth management firms, with most deals in the $130M - $2B in client assets (AUM) for most targets in this tracker; prices are rarely disclosed range. These are published industry ranges from Piper Sandler, Advisor Growth Strategies 2026 RIA Deal Room Report and others, not an appraisal of your firm.
What buyers pay more for
- +Strong organic growth
- +Scale (AUM size)
- +Engaged next-generation team
- +Client niche or specialty
What buyers discount
- -Key-person and client-exit risk
- -Flat or declining growth
- -No next-generation pathway
- -Layered investment products
How selling through DealSeam works
A confidential conversation
We learn about your firm and what you want from a sale. Nothing is listed publicly.
Introductions where there is a fit
Where a qualified buyer fits your firm, we introduce you, and only after you approve it.
You decide
You choose whether to go further, on your own timeline. Sellers pay nothing; the buyer pays our fee if a deal closes.
Selling a wealth management firm in Utah: common questions
How much is a wealth management firm in Utah worth?
RIAs and wealth management firms typically sell for 6x-12x EBITDA, or 2.7x-7x SDE for smaller owner-operated RIAs and wealth management firms, with most deals in the $130M - $2B in client assets (AUM) for most targets in this tracker; prices are rarely disclosed range. Buyers tend to pay more for strong organic growth, scale (aum size), engaged next-generation team and client niche or specialty, and less where they see key-person and client-exit risk, flat or declining growth, no next-generation pathway and layered investment products. These are industry-wide ranges from Piper Sandler, Advisor Growth Strategies 2026 RIA Deal Room Report and others, not an appraisal of your firm.
Who is buying RIAs and wealth management firms in Utah?
Recent named deals in Utah include Rovin Capital (acquired by CW Advisors, Feb 2026). Nationally, the largest groups consolidating RIAs and wealth management firms include Wealth Enhancement Group (TA Associates and Onex), Creative Planning (Peter Mallouk, founder and CEO) and Mariner (Marty Bicknell, CEO and president); 21 of the 23 platforms we track are private-equity-backed.
How many investment advice firms are there in Utah?
The Census Bureau's County Business Patterns counted 347 investment advice firms in Utah in 2023, ranking 23rd of 50 states. 88% had fewer than five employees, 98% had fewer than 20, and 0 had 50 or more. This counts investment advice firms (NAICS 523930). Firms that file as portfolio managers (NAICS 523920) are counted separately and are not included.
Does it cost anything to sell through DealSeam?
No. Sellers pay nothing. When a deal closes, the buyer pays DealSeam's fee. There is no listing fee and no retainer.
Will my employees or customers find out I'm thinking about selling?
No. Nothing is listed publicly, and your details go to a buyer only after you approve that introduction.
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Sources
Valuation multiples are published ranges from Piper Sandler, 2024 Asset & Wealth Management Whitepaper (Mar 2025), Advisor Growth Strategies 2026 RIA Deal Room Report, via WealthManagement.com (Mar 25, 2026), Succession Resource Group 2025 Advisor M&A review, via Business Valuation Resources, First Page Sage, Financial Services EBITDA Multiples (last updated Dec 12, 2024); columns are $1-3M, $3-5M, $5-10M EBITDA, buyAUM, Recasted EBITDA vs. SDE for an RIA Valuation (Aug 7, 2026) and Peak Business Valuation, Valuation Multiples for a Wealth Management Firm. Establishment counts are from the U.S. Census Bureau, County Business Patterns 2023 (NAICS 523930). Platform ownership comes from each platform's own or press sources, verified October 6, 2026. Named acquisitions are the deals we have recorded from public announcements, each linked to its source; they are not every deal in the state. Ownership in this sector changes often. None of this is investment, legal or tax advice.