CW Advisors Acquires Three RIAs With $1.6 Billion
The Boston-based advisor, owned by independent broker/dealer Osaic, adds five offices across three states.
Updated on Nov. 6, 2026 in Financial Planning
CW Advisors has acquired three registered investment advisors overseeing $1.6 billion in assets under management, including Yosemite Capital Management, Threadgill Financial and Peddock Capital Advisors. The deals add five offices across California, Massachusetts and Texas, bringing CW Advisors to 30 offices nationwide.
Why it matters
The acquisitions reflect CEO Jamie Price's thesis that an independent broker/dealer can run a successful fee-only channel that attracts external advisors and retains internal advisors looking to shed commission-based business. The firm is on track for eight acquisitions in 2026.
The three acquired firms bring $1.6 billion in assets under management to CW Advisors, which now oversees more than $19.7 billion in total. Terms of the transactions, including purchase prices, were not disclosed.
The players
CW Advisors
A Boston, Massachusetts-based registered investment advisor that is owned by independent broker/dealer Osaic and is pursuing an acquisition-driven growth strategy.
Osaic
An independent broker/dealer with $810 billion in total assets under management and advisement, majority-owned by Reverence Capital Partners.
Reverence Capital Partners
A private investment firm that is the majority owner of Osaic and closed a recapitalization of the broker/dealer raising more than $2 billion.
Jamie Price
The chief executive of CW Advisors, who has argued that an independent broker/dealer can successfully operate a fee-only advisory channel.
The details
Peddock's deal included its tax practice, Peddock Tax Services, LLC, and Gladstone Associates represented Peddock in the transaction. Boardwalk Financial Partners advised Yosemite and Threadgill on their respective sales. CW Advisors is owned by Osaic, whose majority owner Reverence Capital Partners closed a recapitalization raising more than $2 billion this year.
Timeline
2026: CW Advisors is on track to complete eight acquisitions this year.
This year: Reverence Capital Partners closed the Osaic recapitalization raising more than $2 billion.
Market Dynamics
The acquisitions extend a broader movement of independent broker/dealers toward fee-based advisory models and away from commission revenue. CW Advisors' eight planned deals in 2026 show that consolidation in the registered investment advisor channel is accelerating under broker/dealer ownership.
Clients of the acquired firms may see changes in advisory relationships and service structure as their advisors join a larger platform. Investors weighing a registered investment advisor should ask how ownership by a broker/dealer affects fee structures and conflicts of interest.
The takeaway
Ownership structure matters when choosing an advisor: an RIA's fee model and its parent company's incentives can differ, so ask directly how each is compensated.
Further reading
Explore more on Financial Planning as advisory firms consolidate and shift toward fee-based models.
Source note: This article includes information reported by WealthManagement.
