TERRANA GROUP

Today we commemorate Juneteenth: a day of liberation, reflection, and dedication to continued progress.

At TERRANA GROUP, we stand in support of justice, equity, and opportunity for all, today and every day.

Happy Juneteenth!

nmaahc.si.edu/explore/stories/historical-legacy-juneteenth

Morgan Stanley Targeting $10 Trillion in Client Assets at Wealth Unit.
Congratulations to our partners at Morgan Stanley on setting a bold new milestone in the wealth management industry. Targeting $10 trillion in client assets within their Wealth Management unit speaks to the strength of their multi channel ecosystem, advisor excellence, and long term strategic vision.

At TERRANA GROUP, we’re proud to support firms that continue raising the bar for advisor impact, technology integration, and client experience. Morgan Stanley’s commitment to scale, innovation, and advisor driven growth continues to shape the future of the industry.

Here’s to continued momentum and shared success.

Morgan Stanley Targeting $10 Trillion in Client Assets at Wealth Unit The long-term goal, set by CEO Ted Pick’s predecessor, was previously expected to be met with both wealth and investment management assets.

Opinion: What the M&A deals that haven’t happened (yet) tell us.
In today’s RIA M&A landscape, the most revealing signals aren’t the deals that close — they’re the ones that stall.

Pipelines are full, interest is real, but ex*****on is slowing as buyers raise the bar on integration readiness, cultural alignment, and revenue stability. Sellers still expect peak cycle valuations, while buyers are operating with sharper discipline.

At TERRANA GROUP, we help firms bridge that gap. We bring structure to the process, clarity to expectations, and strategic alignment that accelerates decision making on both sides. When the market filters more aggressively, the right guidance becomes a competitive advantage.

The deals that don’t happen tell us where the pressure points are. The deals that do happen show the value of having the right partner.

Opinion: What the M&A deals that haven’t happened (yet) tell us Wealth sector M&A remains a parade of bolt-ons. The ‘consolidation of consolidators’ the market keeps predicting has yet to arrive, and the reasons for its absence tell us a great deal about what eventual large-scale deals might look like.

The next era of wealth management belongs to Advisors who think like owners.

That means recurring revenue, stronger client relationships, and a business that compounds in value over time. The market is already telling the story… the only question is whether you’re paying attention.

Read this insightful new piece from our expert Advisor Transition Consultants to learn why you should be thinking harder about independence, equity, and the future of your firm. 🔥 terranagroup.com/build-long-term-wealth-the-2026-case-for-independence

Great to see Raymond James continue strengthening its advisor community with teams who value independence and client centered service.

TERRANA GROUP is proud to partner with firms that keep raising the bar.

Merrill Loses FA Team with $408M to RayJay Merrill Loses FA Team with $408M to RayJay

RBC Wealth Management continues to strengthen its leadership bench in the U.S., welcoming Joshua Wright as Branch Director for New England. His experience in advisor development and regional growth adds meaningful momentum to RBC’s commitment to supporting teams and elevating the advisor experience across the East Coast.

As long standing partners, we’re proud to celebrate RBC’s continued investment in people, leadership, and the long term success of the advisors who choose to build their future there.

RBC Wealth Management adds Joshua Wright as branch director in New England RBC Wealth Management – U.S. announces the addition of Joshua Wright to its New England Complex where he will serve as a Financial Advisor.

Robinhood’s decision to reduce its workforce by 10% — even amid record trading volumes — highlights a growing reality across wealth management and fintech: operational strength doesn’t remove the need for sharper focus, leaner structures, and disciplined ex*****on.

Moments like this reshape how firms communicate with advisors, clients, and internal teams. The real differentiator isn’t just the strategy behind the change — it’s the narrative that carries it.

At TERRANA GROUP, we see every transition point as an opportunity to strengthen clarity and alignment. Firms navigating restructuring, scaling, or strategic repositioning benefit from messaging focused on:
• Explaining the why behind decisions
• Reinforcing long term direction and stability
• Equipping advisors with language that builds client confidence
• Keeping internal teams unified and forward looking

In a landscape where efficiency and adaptability are becoming non negotiable, strategic communication becomes a core part of leadership.

Robinhood cuts 10% of staff despite record trading volumes CEO Vlad Tenev calls the proactive restructuring a bid to build a leaner team, coming as the brokerage rolled out its RIA referral program earlier this month.

Modern Wealth buys $1.1bn LPL-affiliated RIA.
Always great to see the energy and innovation happening across the LPL community. Their commitment to empowering advisors—through technology, flexibility, and a client first mindset—continues to shape the future of independent advice.

Grateful for the partnership and excited for what’s ahead.

Modern Wealth buys $1.1bn LPL-affiliated RIA Flaharty Asset Management in Clearwater has become the serial RIA acquirer’s fourth known acquisition of the year.

Always energizing to see strong, multigenerational teams choose platforms that elevate both the advisor and client experience.
Ameriprise’s latest addition — a father son team overseeing $160M in assets — is another example of how the firm continues to attract advisors who value advanced capabilities, deeper planning tools, and a client first service model.

Proud to see our partners at Ameriprise continue building momentum and shaping what modern advisor support looks like.

Experienced Advisory Team With $160 Million in Assets Joins Ameriprise Financial for Enhanced Client Experience and Advanced Capabilities The father-son team joins the branch channel of Ameriprise from Thrivent Investment Management.