Ascentis Independent Advisors Added $1 Billion in Assets
Four advisory teams transitioned to the platform while keeping Raymond James as their primary custodian.
Updated on Oct. 8, 2026 in Financial Planning
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Ascentis Independent Advisors has expanded by adding four new advisory practices that oversee more than $1 billion in combined client assets. The teams, which previously operated as a unified Raymond James branch, will now utilize Ascentis Holdings infrastructure for planning and operational support.
Why it matters
The transition allows the four advisory firms to enhance their planning capabilities and investment solutions by leveraging expanded service resources. By retaining Raymond James as their custodian, the teams maintain operational continuity for their clients while benefiting from the new platform.
The acquisition includes Capital Waypoint with $256 million, Citrus Wealth Management with $230 million, IMPACT Financial Strategies with $303 million, and Rooted Wealth Management with $275 million in assets. These figures reflect total client holdings as of the recent transition.
The players
Ascentis Independent Advisors
This is an independent financial advisory platform that provides operational and investment infrastructure to wealth management teams.
Raymond James Financial Services
This is a diversified financial services company that serves as the primary custodian for the advisory teams involved in the transition.
IMPACT Financial Strategies
This is a wealth management firm founded in 2019 that operates out of Colorado and holds approximately $303 million in client assets.
The details
The four firms maintain their own names and branding while operating out of offices in California and Colorado. They had functioned together as a single Raymond James branch since 2022 before deciding to move their practice management resources to the Ascentis platform.
Timeline
IMPACT Financial Strategies was founded in 2019.
The practices began operating as a unified Raymond James branch in 2022.
IMPACT Financial Strategies recorded its client assets on September 15, 2026.
Ascentis Independent Advisors announced the acquisition on October 8, 2026.
Market Landscape
This move highlights the ongoing migration of advisory teams from traditional brokerage models toward independent platforms that offer greater operational flexibility. It reflects a shift where firms prioritize specialized infrastructure while maintaining custodial relationships with established financial giants.
Clients of the four advisory firms will continue to have their assets held by Raymond James, meaning their core custodial services remain unchanged. The transition is designed to provide these clients with access to a broader range of financial planning resources and service capabilities.
The takeaway
Advisory teams are increasingly moving toward independent infrastructure to scale their services while keeping the security of major custodians. This shift enables smaller firms to compete with larger entities by pooling resources and operational support.
Further reading
Learn more about the evolution of wealth management trends in our Financial Planning section.
More information
For more information on the platform's service offerings, visit the Ascentis Independent Advisors platform website.
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