IRALOGIX, Capitalize Partner to Simplify 401(k) Rollovers
IRALOGIX is partnering with Capitalize to integrate Capitalize’s Embedded Rollover API directly into IRALOGIX’s platform.
The solution is powered by IRALOGIX’s API-driven infrastructure and Capitalize’s Embedded Rollover API.
“The rollover moment is when assets are in transition,” said Peter J. de Silva, CEO at IRALOGIX. “By embedding Capitalize into our platform, we’re equipping advisors with a modern, digital solution that helps them engage clients at that key point while maintaining control of the relationship.”
With approximately $1 trillion in annual rollover volume and almost $2 trillion remaining in left-behind, legacy 401(k) accounts, the opportunity for asset growth is high, notes IRALOGIX. Full ownership of client relationships, assets, and revenue is maintained by the advisor via IRALOGIX’s SaaS model.
“Modernizing the way advisors help clients consolidate retirement accounts is a substantial opportunity,” said Gaurav Sharma, CEO of Capitalize. “By partnering with IRALOGIX, we’re excited to help more advisors and clients find and roll over their assets, so they can focus on building wealth for the long-term.”
Fiducient Advisors Buys $11B Portland-Based RIA
Wealthspire announced that Fiducient Advisors has entered into an agreement to acquire Sellwood Investment Partners, a Portland, Oregon-based investment advisory firm with $11 billion in total assets.
Founded in 2012, Sellwood Investment Partners provides advisory and discretionary investment management services to endowments, foundations, 529 and 529A plans, retirement plans, and high-net-worth individuals.
“Sellwood has built an exceptional firm defined by principled investing, careful risk management, and a long-term perspective,” said Mike Goss, chief revenue officer and president of Wealthspire Institutional. “Their approach aligns seamlessly with our platform and adds further depth to the capabilities we offer clients. We look forward to working alongside the team in Portland as we expand in the Pacific Northwest.”
“Our focus has always been on delivering independent, highly customized advice to each client,” said Charlie Waibel, managing principal and co-founder of Sellwood Investment Partners. “Partnering with Wealthspire allows us to deepen our resources while staying true to the relationships, values, and service our clients rely on.”
Sellwood Investment Partners will continue to operate from its Portland office.
The acquisition is subject to customary closing conditions. Houlihan Lokey served as exclusive financial advisor to Sellwood Investment Partners, and Berkshire Global Advisors served as exclusive financial advisor to Wealthspire.
Hightower Acquires $9.5B The Bahnsen Group
Hightower has signed a definitive agreement to acquire one of its flagship franchises, The Bahnsen Group (TBG), a U.S. wealth management practice overseeing approximately $9.5 billion in assets under management (AUM).
The transaction is set to strengthen Hightower’s ability to invest behind TBG’s differentiated brand, expand its platform, and serve as another hub within Hightower for integrating additional advisory teams.
Founded in 2015 when David Bahnsen joined Hightower with approximately $600 million in client assets, The Bahnsen Group has grown to nearly $10 billion in AUM today. TBG has scaled into a national advisory practice with twelve locations including Newport Beach, CA; New York, NY; Nashville, TN; and Palm Beach, FL, supported by a team of approximately 100 professionals.
TBG serves high-net-worth individuals, families, and institutions, with a differentiated focus on dividend growth equity investing. The practice is also recognized for its commitment to thought leadership and content creation, producing a broad range of market insights and intellectual capital for clients.
“This is a natural evolution of a highly successful partnership,” said Larry Restieri, chief executive officer of Hightower. “David and his team have built a leading wealth management business with a clear investment philosophy and strong client relationships. This next phase allows us to further align strategically and bring the full capabilities of Hightower to support their continued growth—both organically and through acquisitions.”
“This partnership with Hightower will be instrumental to the next phase of our growth,” said David Bahnsen, founder and managing partner of The Bahnsen Group. “Taking this next step reflects our shared long-term vision. With deeper integration across Hightower, we are well positioned to continue investing in our team and pursuing both organic growth and strategic opportunities. This venture leverages the strengths of each party to the benefit of our clients.”
TBG will continue to operate under its established brand while leveraging Hightower’s expanded resources and infrastructure and will add a “A Hightower Company” to its name and logo.
“This transaction reflects our focus on building enduring, scaled advisory businesses,” added Restieri. “The Bahnsen Group represents the type of franchise we are committed to further investing in for the long term.”
The transaction is expected to close in the third quarter.
Merrill Lynch Team Launches Soteris Private Wealth
Soteris Private Wealth has launched an independent advisory firm focused on delivering disciplined planning and objective advice.
The firm is led by Co-founders and Managing Partners Joshua Erickson, and Rob Montierth. Prior to Soteris, the partners managed a practice at Merrill Lynch in Walnut Creek, California, where they served more than 100 families and oversaw approximately $800 million in assets under management, with a focus on comprehensive financial planning and retirement strategies.
“Our purpose as advisors has always been to make a meaningful difference in the lives and outcomes of clients,” said Erickson. “As an independent firm, we now have the freedom to fully deliver on that purpose – helping clients reduce complexity, make thoughtful decisions, and ensure their wealth supports what matters most.”
Soteris Private Wealth is supported by Sanctuary Wealth. The firm has selected BNY Pershing as its custodian, reinforcing its commitment to safeguarding client assets.
Mercer Appoints New Leader to U.S. Health Practice
Mercer announced that Simon Camaj will be promoted to U.S. health leader, effective May 1. He will report to Susan Potter, Mercer’s US and Canada president, and will be based in Chicago.
Potter said, “Simon’s extensive experience, proven track record, and deep understanding of the industry, combined with his commitment to colleague development, uniquely positions him to build on the US Health Practice’s success. Through his leadership, we will continue to deliver exceptional client outcomes in a rapidly evolving landscape, while cultivating a culture where our colleagues can thrive and grow into future leaders.”
“It is an honor to lead Mercer’s US Health practice. I look forward to working with our talented teams to deliver practical, innovative solutions that help employers manage rising costs and improve their employees’ health,” said Camaj.
Camaj has more than 20 years of experience across the healthcare and employee benefits industries. He joined Mercer in 2017 from Aetna, where he held senior national roles in business development, client management, and consulting firm relations. Since joining Mercer, he has led the U.S. West Zone for the Health Practice and the U.S. Life, Absence & Disability and Voluntary Benefits team.
Camaj succeeds Ed Lehman, who is leaving Marsh for a new opportunity. Lehman will remain with the firm through the end of April.
Prime Capital Welcomes Partner and Managing Director
Prime Capital Financial has added Shane Miller as partner and managing director to the firm’s Fort Worth, Texas, office.
Miller brings more than a decade of experience in comprehensive financial planning. He will support the firm’s continued growth in the Texas market while further enhancing its tax-focused planning capabilities.
Miller most recently served as a partner at WPWealth, where he spent more than 10 years advising clients on wealth management, asset protection, insurance planning and long-term financial strategies. In his new role, he will continue to serve clients while contributing to the development of Prime Capital Financial’s broader tax and financial planning platform.
“Shane’s addition reflects our ongoing investment in combining wealth and tax advisory services,” said Glenn Spencer, chief executive officer of Prime Capital Financial. “Having an experienced financial advisor embedded within our tax team enhances our ability to deliver coordinated, strategic guidance aligned with clients’ evolving financial goals.”
Miller earned a bachelor’s degree in entrepreneurial management from Texas Christian University.
CFP Board Reports Record-Breaking Number of Candidates
The CFP Board announced the results of the March 2026 CFP Certification Exam, administered during a March 17 to 24 testing window.
The exam set a new all-time record, with 4,391 candidates sitting for the exam. The CFP Board also reports new records for racially and ethnically diverse candidates, at 908, and women candidates, at 1,240. The pass rate for the March 2026 exam was 67%.
Of the candidates registered for the CFP exam, 75% were under 40 years old, 47% were under age 30, and the number of candidates coming through CFP Board registered bachelor’s degree programs has more than tripled over the past decade.
“People are pursuing CFP certification earlier in their careers, recognizing it as the essential credential for financial planning,” said CFP Board CEO K. Dane Snowden. “That momentum reflects a stronger, more intentional pipeline into the profession.”
According to the March 2026 post-exam survey, the main reason exam candidates seek CFP certification is to demonstrate their expertise (41%), followed by distinguishing themselves as a fiduciary (32%). Just over two-thirds (68%) of March exam-takers say they received some level of financial support from their employers on their path to CFP certification.
The 10 states with the most CFP exam candidates were California, Texas, New York, Florida, Illinois, Pennsylvania, North Carolina, New Jersey, Massachusetts, and Ohio.