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Deals Of The Day: The Latest In Wealth Management M&A – NewEdge, KFBM&A

Editorial Staff

10 April 2025

NewEdge Advisors, KFBM&A
NewEdge Advisors, a Louisiana-based RIA with more than $60 billion in assets, has acquired KFBM&A, a financial advisory team based in Destin, Florida. The acquired firm, which has about $1.4 billion in client assets, was previously affiliated with Merrill Lynch.

ECHELON Partners, the US investment bank that advises on wealth deals, was exclusive sell-side advisor to KFBM&A.

NewEdge Advisors is part of NewEdge Capital Group. The other part of the parent firm is NewEdge Wealth, which serves ultra-high net worth clients.