The three firms keep their brands and their own ADVs under Criterion, and Michael Mock is named president of the holding company.
Sammons Financial Group has formed Criterion, a holding company for Beacon, NorthRock Partners and Wealthcare with $27 billion in combined AUM/A.
The three firms keep their brands and their own ADVs; Michael Mock is named president of the holding company, and Criterion's registration is dated Oct. 13.
Reported by the Features desk from PWD coverage and tracking. Published . Updated Oct 28, 2026 · 2:57 p.m. ET. Corrections
Beacon, NorthRock Partners and Wealthcare keep their brands and own their ADVs; Michael Mock is named president of Criterion.
Elevation Point typically takes a 20% minimum stake, while Concurrent bought $5.4 billion Spire as an asset purchase.
At the panel, Regan said a $250 million advisor facing that SEC cybersecurity review would be 'dead in the water for six weeks.'
Google also expanded a PJM demand-response program with Voltus to 1,170 MW and will take over a Colorado Springs dark fiber lease through mid-2027.
Consolidation and recruiting continued this week while leverage, custody minimums and metered vendor costs shifted more of the cost to RIAs.
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