--- title: "July 2025 RIA Heat‑Map: 10 U.S. Moves Every… | Altss Blog" description: "July 2025 saw 32 U.S. RIA deals totaling $57.1B in AUM—up sharply from June. This Altss heat-map highlights the 10 moves that matter most for…" canonical: "https://altss.com/blog/july-2025-ria-heat-map-10-u-s-moves-every-capital-raiser-should-track" --- [Altss Research](https://www.linkedin.com/company/altss) 12 min read UpdatedJun 21, 2026 Share # July 2025 RIA Heat‑Map: 10 U.S. Moves Every Capital‑Raiser Should Track July 2025 saw 32 U.S. RIA deals totaling $57.1B in AUM—up sharply from June. This Altss heat-map highlights the 10 moves that matter most for. [Back to blog](https://altss.com/blog) Share [LinkedIn](https://www.linkedin.com/sharing/share-offsite/?url=)[X](https://x.com/intent/tweet?url=&text=July%202025%20RIA%20Heat%E2%80%91Map%3A%2010%20U.S.%20Moves%20Every%20Capital%E2%80%91Raiser%20Should%20Track)Copy link [Who’s actually backing funds like yours? Book a demo](https://altss.com/book-demo) Image: July 2025 RIA Heat‑Map: 10 U.S. Moves Every Capital‑Raiser Should Track ## July 2025 RIA Heat‑Map: 10 U.S. Moves Every Capital‑Raiser Should Track *Why July 2025 matters* Deal flow accelerated: one industry tracker logged **32 announced RIA transactions totaling ~$57.1B in AUM**, up from **24 / $37.7B in June**. That’s not just consolidation; it’s a wholesale rerouting of who controls allocations into private credit, private equity, real assets and evergreen structures. Altss surfaces these shifts the same day they’re announced—pairing fresh regulatory filings with public‑domain intelligence—so fund‑raisers can move first (no proprietary collection methods disclosed). ### How this heat‑map was built We tracked every U.S. **RIA launch, acquisition, minority investment, custodial shift** and **platform move** announced **1–31 July 2025**. Each event was scored for **net‑new addressable AUM**, stated **alternatives orientation**, and **immediacy of fundraising impact** (e.g., custody decisions or capital injections). Only public sources were used; Altss’s real‑time OSINT pipeline stays under the hood. ### The 10 moves rewiring alt‑allocation flows **EP Wealth buys Rappaport Reiches Capital Management — ~$1.2B AUM (Chicago), July 22** EP completed its **7th deal of 2025**, adding majority‑women RIA [**RRCM**](https://www.fa-mag.com/news/ep-wealth-buys--1-2b-chicago-ria-83387.html)to expand its Midwest hub. **Allocator angle:** One IC nod in Chicago can open multiple distribution doors for feeders and interval structures. **Lido Advisors acquires Olympus Wealth Management — ~$850M AUM (UT), July 29** The [**fourth Lido deal of 2025**](https://www.wealthmanagement.com/mergers-acquisitions/pe-backed-lido-keeps-acquiring-with-850m-utah-based-ria)plants a Mountain West flag at Olympus Wealth. Context: Lido’s spring partnership with **HPS Investment Partners** gives fresh balance‑sheet firepower for M&A. **Allocator angle:** New geography + new PE partner = faster diligence cycles for private‑market sleeves. **Ameriprise breakaway “Laurel Oak Wealth” launches — ~$2.3B AUM (NJ), July 24–25** A five‑advisor team launched [**Laurel Oak Wealth**](https://www.businesswire.com/news/home/20250724728477/en/Laurel) with **Goldman Sachs Custody Solutions** and tru Independence. **Allocator angle:** **Goldman rails** compress the path to feeder funds and co‑investments. **SEI to buy majority of Stratos Wealth — ~$527M for 57.5%, announced July 18** SEI agreed to acquire a controlling stake in [**Stratos Wealth Holdings**,](https://www.investmentnews.com/ria-news/sei-taking-majority-stake-in-stratos-wealth-holdings-in-527m-deal/261365) tying a national RIA/BD network to SEI’s platform. **Allocator angle:** SEI launched an [**alts marketplace (SEI Access)**](https://ir.seic.com/press-releases/detail/974/sei-launches-alternative-investment-product-marketplace-expands-access-to-private-markets) in March, now poised to flow through Stratos distribution. **Beacon Pointe closes six acquisitions in 60 days — +$2.7B AUA, July 8** Women‑led **Beacon Pointe** announced six RIA additions across the U.S., taking the platform to [**~$47B AUA**](https://www.investmentnews.com/ria-news/beacon-pointe-adds-six-rias-in-two-month-acquisition-spree-boosting-aum-by-27b/261210). **Allocator angle:** Multi‑city tuck‑ins create many doors into one IC—win approval once, distribute broadly. **Carson Group acquires Aveo Capital — ~$608M AUM (CO), [July 9–10](https://www.barrons.com/advisor/articles/carson-group-aveo-acquisition-138bec5d)**[**Carson’s 15th acquisition of 2025**](https://www.barrons.com/advisor/articles/carson-group-aveo-acquisition-138bec5d) adds Englewood‑based Aveo, rebranding to Carson Wealth. **Allocator angle:** Carson’s talent‑and‑tech thesis favors institutional‑grade onboarding—get in their diligence flow early. **Summit Financial takes minority stakes in four firms — ~$1.2B combined, July 21** Through[**Summit Growth Partners**](https://www.advisorhub.com/summit-financial-adds-four-firms-with-1-2-bln-combined), Summit bought minority interests in four practices across NY, FL, OH and NM; firms join Summit’s ADV while keeping local brands. **Allocator angle:** Minority equity is a stealth AUM on‑ramp—once IC alignment happens, alt flows can scale quickly. **Osaic buys majority of Innovative Wealth Team — ~[$700M AUM (TN)](https://www.wealthmanagement.com/ibd-news/osaic-adds-700m-team-to-boost-w-2-model-s-succession-planning-support), July 23** Reverence‑backed **Osaic** made a strategic majority investment to bolster its W‑2 employee channel and succession offering. **Allocator angle:** Centralized product approval means one committee win can propagate across future recruits. **Apella Wealth acquires Independence Wealth Advisors — ~$207M AUM (DC), July 1 (close June 30)** **Apella** added DC‑based [**Independence Wealth Advisors**](https://www.investmentnews.com/ria-news/apella-wealth-comes-to-washington-with-independence-wealth-advisors/261180), taking platform AUM above **$6B**. **Allocator angle:** Evidence‑based planning practices are ramping demand for income‑oriented private credit and evergreen vehicles. [**Two Commonwealth teams launch independent RIAs — nearly $1B combined, July 8–14**](https://www.morningstar.com/news/globe-newswire/9494144/spiegelman-wealth-management-launches-independent-ria-firm-to-serve-hnw-families) **Milestone Financial Associates** ($609M) launched with **Schwab custody**; **Spiegelman Wealth Management** ($351M) launched with **Fidelity custody**. **Allocator angle:** New independents choose the rails on day one—arrive with custodian‑ready data feeds (NAV, tax lots, K‑1 timing). ### Custody & platforms watch (why this matters for alts) - [**Schwab paused a planned direct‑outreach letter to certain RIA clients**](https://www.investmentnews.com/ria-news/advisors-object-to-canceled-schwab-letter-targeting-high-net-worth-ria-clients/261508) after advisor pushback; expect heightened sensitivity around custodian go‑to‑market and cross‑channel messaging. - [**SEI + Stratos**](https://ir.seic.com/press-releases/detail/990/sei-and-stratos-wealth-holdings-announce-strategic-investment-and-business-partnership)signals deeper integration of **alts marketplaces** into advisor operating systems—faster approvals when marketplace listings sync with custodial/ops rails. ### Meta‑trend: Scale + software are fusing distribution Private‑equity capital is [**buying distribution, not just earnings**. **GTCR agreed to acquire FMG Suite**](https://www.barrons.com/advisor/articles/private-equity-gtcr-to-buy-fmg-suite-d085bba6) (advisor marketing/AI), expanding a wealth‑tech footprint that already spans marquee platforms—tightening the path from manager story → advisor → client. ### Three plays for capital‑raisers in August **Ride the custody rails (by name).** Lead with **Goldman** for Laurel Oak–style independents; **Schwab** and **Fidelity** for Commonwealth breakaways; **SEI** network firms for Stratos affiliates. [Bring custodian‑native artifacts (clean data feeds, short‑form IC memos keyed to that platform’s taxonomy).](https://www.businesswire.com/news/home/20250724728477/en/Laurel) **Pre‑wire aggregator ICs.** [Carson, EP, Beacon Pointe, Summit and Osaic are all scaling](https://www.barrons.com/advisor/articles/carson-group-aveo-acquisition-138bec5d); one approval unlocks multi‑office distribution. Pair evergreen/interval vehicles with co‑invests to fit diverse household liquidity profiles. **Match PE‑backed rigor.** [SEI↔Stratos and Lido↔HPS expect institutional diligence](https://www.investmentnews.com/ria-news/sei-taking-majority-stake-in-stratos-wealth-holdings-in-527m-deal/261365). Lead with audited track records, fee transparency, and operational readiness (AML/KYC flows, portal UX, monthly statements). ### Quick‑hit FAQ **Largest disclosed acquisitions in July 2025?** - [**EP Wealth → RRCM (~$1.2B AUM)**; **Lido Advisors → Olympus (~$850M AUM)**; **Osaic → Innovative Wealth Team (~$700M AUM)**; **Carson → Aveo (~$608M AUM)**; **Apella → Independence (~$207M AUM)**](https://www.wealthmanagement.com/ibd-news/osaic-adds-700m-team-to-boost-w-2-model-s-succession-planning-support). **Largest breakaways to prioritize?** - [**Laurel Oak Wealth**](https://finance.yahoo.com/news/former-ameriprise-advisors-launch-ria-175100374.html) (ex‑Ameriprise) launched with **~$2.3B AUM** and **Goldman custody**;[**Milestone + Spiegelman** (nearly **$1B** combined) launched with **Schwab** and **Fidelity**, respectively.](https://finance.yahoo.com/news/former-ameriprise-advisors-launch-ria-175100374.html) **Deal volume vs. June?** - July: **32 deals / $57.1B AUM** vs. June’s **24 / $37.7B**—a meaningful uptick. ### Why Altss users saw it first Altss fuses live filings with public‑domain signals—press wires, IC announcements, custody choices, leadership changes—to surface actionable fundraising targets **within hours** of announcement. No secret sauce disclosed; just the right signals, in time to matter. Share this article Share ### Find the allocators who actually back funds like yours GPs and IR teams use Altss to research allocators with ownership, commitment, transaction and relationship context, then prioritize outreach. [Book a demo](https://altss.com/book-demo) ## Firms mentioned in this article [HPS Investment Partners](https://altss.com/profile/hps-investment-partners)[Goldman Sachs](https://altss.com/profile/goldman-sachs)[Independence Wealth Advisors](https://altss.com/profile/independence-wealth-advisors)[Apella Wealth](https://altss.com/profile/apella-wealth)[Olympus Wealth Management](https://altss.com/profile/olympus-wealth-management)[Stratos Wealth Advisors](https://altss.com/profile/stratos-wealth-advisors)[Beacon Pointe Advisors](https://altss.com/profile/beacon-pointe-advisors)[Carson Wealth Management](https://altss.com/profile/carson-wealth-management) ## Related articles [Image: The Top 10 Independent RIAs in Chicago (2026)](https://altss.com/blog/the-top-10-independent-rias-in-chicago-2025) [RIA9 min read ### The Top 10 Independent RIAs in Chicago (2026) Chicago's independent RIAs now oversee over $400 billion, with top firms accelerating alternatives allocations to 35% of portfolios. 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From Mubadala's CI Financial take-private to MAI's Evoke acquisition, we break down the 10 moves that r](https://altss.com/blog/august-2025-ria-heat-map-10-u-s-moves-every-capital-raiser-should-track) [Altss Research](https://www.linkedin.com/company/altss)Sep 15, 2025 ## See the allocators behind your next close. Public records carry source-specific dates where available. No population-wide measured refresh cadence or universal verification deadline is established here. Page modified, source captured, fact observed, entity verified and aggregate measured describe different events. Check the date attached to the relevant claim; a missing verification date means unknown. Stored source history does not establish a customer-facing historical-analysis interface. Book a Demo[Read the methodology](https://altss.com/methodology) ## Canonical URL https://altss.com/blog/july-2025-ria-heat-map-10-u-s-moves-every-capital-raiser-should-track