Wealth Adviser Daily Briefing

Wall Street Journal

Aspiriant takes over a second California RIA in 90 days. Los Angeles-based registered investment adviser Aspiriant is taking over another California RIA with about $360 million in assets under management, writes Financial Planning. The firm will merge next month with the Glowacki Group, also based in Los Angeles. In November, Aspiriant merged with Hokanson Associates of San Diego, which had $570 million in assets under management. The fast-growing Aspiriant, with about $9 billion under management, expects to announce additional deals that will serve as succession solutions for the smaller firms’ principals and allow Aspiriant to continue to expand its national footprint, Aspiriant Chief Executive Rob Francais told the publication.