AI’s Next Phase in Wealth Management: From Assistive Tools to Agentic Intelligence connectmoney.com
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The wealth management industry continues to see significant consolidation and recruitment activity, highlighted by Cetera’s acquisition of a $608 million team from Commonwealth Financial Network. Other major developments include Concurrent Investment Advisors taking a minority stake in a $750 million firm and The AmeriFlex Group adding $1.7 billion in assets during the first half of 2026. These moves underscore a broader trend of advisors seeking enhanced technology, succession planning tools, and stable custodial relationships amid shifting corporate ownership structures.
July 12, 2026Sean Merlonghi, a senior wealth advisor at Dakota Wealth Management’s Lewes office, has been named to the 2026 Forbes Best-In-State Wealth Advisors list for Delaware. The ranking, produced in partnership with Shook Research, evaluates advisors based on a mix of qualitative and quantitative data including industry experience and client retention. This recognition underscores the importance of personalized financial planning and high compliance standards within the regional wealth management landscape.
July 12, 2026Friday Financial, a wealth management firm based in Dubuque, Iowa, has reported significant growth and team expansion within its initial years of operation. Led by co-founders Nick Heiar, Ryan Burbach, and Brian Griffin, the firm has grown its staff to include specialized roles in retirement planning and client services. This development reflects a robust demand for localized financial advisory services and strategic retirement planning in the regional wealth management sector.
July 12, 2026Flower Mound-based GDS Wealth Management has announced a significant expansion of its operational infrastructure and client service capabilities to accommodate its growing base of high-net-worth clients. The SEC-registered investment adviser, which currently oversees more than $2.3 billion in assets under management, is investing in enhanced digital tools, planning resources, and talent to address increasingly complex financial needs. This move highlights the ongoing trend of independent firms scaling their technology and service models to compete in the regional Texas market and beyond.
July 11, 2026