Gusto Acquires Business Compliance Platform; Pello Companies Buys Morningstar Subsidiary
Gusto has acquired Mosey, an AI-powered business compliance platform.
The acquisition will bring state and local registration, filing, renewal, and ongoing compliance management directly into Gusto’s platform, giving the more than 400,000 small businesses that use Gusto to hire and pay their teams a single place to manage their compliance obligations.
“Building a business is hard enough without compliance getting in the way. With Mosey now part of Gusto, we can do what Gusto has always done: take complexity off the plate of small business owners so they can focus on what they actually started their business to do. This is a natural extension of our vision to be the platform that helps small businesses start, hire, and grow,” said Tomer London, co-founder and chief product officer at Gusto.
With Mosey’s technology and team now part of Gusto, the company will expand its platform beyond HR and payroll to include:
- State and local business registrations
- Entity management, ongoing filings and renewals
- Resolving agency mail
- Real-time surfacing of new compliance obligations as businesses grow or expand to new states
Pello Companies Acquires Morningstar Subsidiary
Pello Companies, LLC has entered into a definitive agreement for the acquisition of ByAllAccounts, a provider of innovative data aggregation technology for financial applications, from Morningstar, Inc.
Upon completion of the transaction, ByAllAccounts will operate as a standalone company. The acquisition is expected to close in the first half of 2026, subject to customary closing conditions. Deal terms are not disclosed.
Pello Companies will appoint Cynthia Rojas Sejas as chief executive officer of ByAllAccounts. Together with the ByAllAccounts team, the company aims to accelerate innovation, expand access to new data sources, and further strengthen its infrastructure and reliability.
“ByAllAccounts built a strong and trusted data aggregation platform under Morningstar’s ownership. In this next chapter, we are excited to focus capital and execution on accelerating innovation and delivering differentiated, best-in-class solutions in wealth management,” said Sejas, incoming CEO of ByAllAccounts. “Our vision is to deliver to advisors, wealth managers, and wealth technology platforms the most comprehensive financial account data, and an expanded set of capabilities that extend beyond pure data aggregation. Through deep relationships, including Morningstar, we are confident about powering the ongoing digital transformation of the wealth management ecosystem.”
Pello Companies was advised by Wedbush & Co., LLC and the law firm of Cooley LLP. Morningstar was advised by Mayer Brown LLP.
PCS Retirement Names Relationship Management and Client Services Leads
PCS Retirement has appointed Brandy Blum as head of Relationship Management and John McCarthy as head of Client Services.
John McCarthy brings more than 20 years of experience leading large‑scale service, operations, and transformation initiatives across retirement and investment platforms to his role as head of Client Services. Reporting directly to Scott David, CEO, McCarthy will oversee PCS’s ERISA client service organization. His focus will be on modernizing service delivery, integrating acquisitions, and scaling technology‑enabled processes that enhance service quality and consistency.
Blum will also report to Scott David and will lead PCS’s newly established Client Relationship Manager (CRM) team. This team will focus on owning firm‑level relationships with PCS’s strategic advisor and client relationships, with responsibility for long‑term relationship health and proactive identification of risks and growth opportunities. The CRM team will work in close partnership with Client Services, which will continue to manage day‑to‑day servicing, administration, and operational support.
“Creating distinct leadership roles for client service and relationship management reflects both our growth and our commitment to doing this the right way,” said David, CEO of PCS Retirement. “John and Brandy bring complementary strengths that allow us to scale thoughtfully ensuring we deliver consistent, high‑quality service while deepening our strategic advisor and client relationships.”
Blum brings more than 20 years of experience in the financial services and retirement industry, with a track record of building strategic advisor relationships and leading high‑performing teams.
“PCS has a strong foundation built on trust and long‑standing partnerships,” said Blum. “I’m excited to build on that foundation by creating a more intentional, strategic approach to relationship management that supports long‑term engagement and retention.”
McCarthy has been recognized for driving measurable improvements in service levels, retention, and engagement outcomes.
“I’m excited to join PCS at a time of such momentum,” said John McCarthy, Head of Client Services. “This structure allows us to strengthen service delivery while staying closely aligned with our advisors and clients as their needs evolve.”
Fiducient Advisors Acquires Axia Advisory
Wealthspire announced that Fiducient Advisors has completed its acquisition of Axia Advisory, an Indianapolis-based retirement plan consulting and investment advisory firm with $1.9 billion in assets under management (AUM) or advisement (AUA).
Founded in 1992 by Keith Shadrick, Axia Advisory provides comprehensive retirement plan services, including plan design, fee analysis, QDIA consulting, employee education, provider oversight and search, investment selection and monitoring, and fiduciary governance. The firm also offers investment consulting, discretionary investment management, and custom investment solutions. Additionally, Axia’s private wealth segment delivers portfolio management and financial planning for individuals and families.
“Keith and the Axia Advisory team have built a highly respected practice rooted in deep client relationships and fiduciary excellence,” said Mike Goss, chief revenue officer and president of Wealthspire Institutional. “Their experience serving retirement plan sponsors and participants, along with private wealth capabilities, makes them a strong cultural and strategic fit for our platform. We are excited to support their continued growth with expanded resources, research, and technology.”
“I’ve spent my career helping retirement plan sponsors and participants navigate an increasingly complex landscape,” said Keith Shadrick, president and senior consultant at Axia Advisory. “As part of Wealthspire, we can build on that foundation while enhancing our capabilities across retirement and private wealth and positioning the firm for long-term growth.”
Axia Advisory will continue to operate from its Indianapolis office, providing continuity for clients while gaining access to Wealthspire’s broader platform, resources, and national reach.
Hightower Welcomes Lexington Wealth Management
Lexington Wealth Management (Lexington) will join Hightower Signature Wealth (HTSW), bringing approximately $3.2 billion in assets under management and expanding HTSW’s reach and resources.
HTSW will represent more than $29 billion in assets under management across more than 25 locations.
Headquartered in Lexington, Mass., Lexington’s momentum has been driven by high-touch client service, educational programming, and strong referral networks within retirees, entrepreneurial and CEO communities. The practice also maintains a commitment to community engagement, supporting charitable organizations and local arts initiatives.
“Lexington is representative of the advisors we intentionally look to bring to HTSW – those with a clear client focus and a desire to grow within a more integrated model,” said Larry Restieri, CEO of Hightower. “As we scale the practice, we are dedicated to enhancing how advisors operate and delivering a more seamless, comprehensive experience for clients.”
Lexington includes a team of 25 professionals, including 16 advisors.
“We established Lexington on the principle that effective wealth management combines thoughtful financial guidance, and a genuine understanding of what clients are experiencing in their lives,” said Kristine Porcaro, senior managing partner at Lexington Wealth Management. “With HTSW, we’ll continue to deliver that balance, with increasing scale and resources to support the needs of our clients for years to come.”
As part of HTSW, Lexington will gain access to expanded capabilities, including enhanced investment solutions and operational support, enabling more efficient workflows and freeing advisors to serve more client relationships.
“One of the most important factors in this decision was ensuring long-term stability for our clients and employees,” said Mike Tucci, senior managing partner at Lexington Wealth Management. “Joining HTSW preserves the personalized, relationship-driven approach that defines our practice, while strengthening the overall organization.”
HTSW continues to drive growth following its recent acquisition of Journey Strategic Wealth and the addition of five advisory practices earlier this year. Hightower expects to announce additional acquisitions into the HTSW brand later this quarter.
Today, Hightower’s nationwide community includes 652 advisors across 33 states and the District of Columbia. As of December 31, 2025, Hightower and its affiliates manage approximately $352 billion in assets.
Securian Financial Elects Members to Board of Directors
Securian Financial announced the elections of Stephanie Lundquist and D. Bryan Jordan to its board of directors. They assumed their director roles on April 1.
Lundquist is chief human resources officer at Cargill and a member of its executive team, where she leads global human resources strategy for more than 155,000 employees across 70 countries. A seasoned business and HR leader, she has extensive experience aligning people, culture and strategy to drive growth and innovation. Prior to joining Cargill in 2022, Lundquist spent more than 15 years at Target, where she held several senior leadership roles, including chief human resources officer and president of the company’s food and beverage business.
Jordan is chairman, president and chief executive officer of First Horizon Corporation, a financial services company with approximately $83 billion in assets and the parent company of First Horizon Bank, which operates more than 400 branches in 12 states in the southeastern U.S. He has led the organization since 2008 and previously served as chief financial officer at Regions Financial Corporation. His career also includes positions at First Union Corporation and KPMG. Jordan brings extensive experience in banking, capital markets and risk management, along with a strong track record of community and industry leadership.
“We are thrilled to welcome Stephanie and Bryan to Securian Financial’s board of directors,” said Chris Hilger, Securian Financial’s chairman, president and CEO. “Stephanie’s expertise in building high-performing, inclusive cultures and Bryan’s deep financial services leadership and strategic insight will be invaluable as we continue to grow and deliver on our purpose. Their perspectives will further strengthen our ability to serve customers and position our company for long-term success.”
Lundquist currently serves on the boards of Concordia College in Moorhead, Minnesota, the Cargill Foundation and the CHRO Association, and she previously served as an independent director for Sysco, where she contributed to committees focused on compensation, technology and corporate social responsibility. Lundquist holds a bachelor’s degree in business and communication from Concordia College, and she has completed executive education in board governance at Harvard Business School.
MissionSquare Names CMO
Katherine Lucas has joined MissionSquare as chief marketing officer. In this role, Lucas oversees all aspects of MissionSquare’s Marketing function, including brand, channel, digital, and sponsorship marketing. She reports directly to Andre Robinson, chief executive officer of MissionSquare.
“Marketing plays a critical role in shaping our brand’s future, and we are delighted to welcome Katherine to our growing team at MissionSquare,” said Robinson. “Katherine’s breadth of experience will help differentiate our brand, expand our reach, and deliver greater value to our customers at every touchpoint as we continue to compete and grow in a dynamic marketplace.”
With more than 15 years of enterprise marketing experience, Lucas brings deep expertise in commercial growth, brand differentiation, and customer-centric transformation to MissionSquare. She previously served in several leadership roles at State Street, including head of marketing for North America, head of business and product marketing, and head of client experience.
“This is an exciting time to join MissionSquare as the company continues to focus on growth and innovation,” added Lucas. “As the organization expands its core offerings and enters new areas of the market, my experience in brand and marketing strategy, including integrated sales efforts, will help advance MissionSquare’s focus on meeting the evolving financial needs of individuals and their families. I look forward to supporting the team’s continued success in its next chapter.”
MissionSquare’s marketing division was previously led by Kathleen Wilson, who is serving in a newly created role as the firm’s strategic partners program leader.
Lucas holds a bachelor’s degree, a master’s degree, and a Master of Business Administration from Cornell University, and is based in Massachusetts.
As a company rooted in service, investments, and technology, MissionSquare remains focused on helping all individuals and their families build financial security. Most recently, the firm introduced a new suite of investment, advisory, and planning services and plans to launch additional solutions, including high-yield savings accounts and expanded IRA support throughout 2026 and beyond.