Arax Acquires $1.5B Cleveland RIA Led by Carina Diamond

Published on February 3, 2026

Arax has purchased GFP Private Wealth, expanding its Midwest presence, from its previous owner, 4100 Group Financial Services.

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FSI Set to Meet with OMB on New Independent Contractor Rule

February 3, 2026
The broker/dealer advocacy group FSI said helping pass a new independent contractor rule that is favorable to independent advisors is one of its key agenda items for 2026.

Osaic’s Fee-Only RIA CW Advisors Acquires $849M RIA

February 3, 2026
The addition is CW Advisors’ second since being acquired by Osaic, which also announced that two W-2 advisors had combined to make a $500M firm in Missouri.