Ascentis Advisors Added $1 Billion in Client Assets
Four advisory firms moved to the platform to gain expanded resources for their client financial planning.
Updated on Oct. 8, 2026 in Financial Planning
Live Poll
Do you trust larger independent wealth platforms to provide better service than smaller individual advisory firms?
Ascentis Independent Advisors has acquired four advisory practices representing over $1 billion in combined client assets. The firms transitioned from Raymond James Financial Services but will retain the custodian to continue serving their existing clients.
Why it matters
By joining the platform, these practices aim to leverage centralized infrastructure to improve their planning, investment, and operational support. The move allows individual households served by these teams to access broader firm resources while maintaining their current advisory relationships.
The transition includes four practices with a combined $1 billion in assets, including individual firm portfolios of $303 million for IMPACT Financial Strategies and $256 million for Capital Waypoint. Total asset distribution varies across the firms, ranging from $230 million to $303 million.
The players
Ascentis Independent Advisors
An advisory firm providing operational, investment, and planning infrastructure to independent financial practices.
Raymond James Financial Services
A financial services firm that provides custody and brokerage services to independent financial advisors and their clients.
IMPACT Financial Strategies
A financial planning practice now operating under the Ascentis Independent Advisors infrastructure.
The details
The four practices—Capital Waypoint, Citrus Wealth Management, IMPACT Financial Strategies, and Rooted Wealth Management—formerly operated as a unified Raymond James branch. While they have moved to Ascentis Independent Advisors for support infrastructure, they continue to use Raymond James as their primary custodian. Clients will keep their existing accounts while the firms utilize new operational and planning resources provided by the Ascentis platform.
Timeline
IMPACT Financial Strategies was founded in 2019.
The practices operated as a unified branch starting in 2022.
Ascentis Independent Advisors announced the transition on October 8, 2026.
Money Landscape
This transition reflects the ongoing consolidation of independent wealth management firms as advisors seek greater scale and improved service resources. It marks a shift for these practices from a single-custodian branch model toward a platform-based infrastructure.
Clients of these firms should watch for official communication regarding any changes to account access or new service offerings. If you are uncertain how this change impacts your existing financial plan, schedule a conversation with your advisor to review your accounts.
The takeaway
While advisory teams often change their operational affiliation, the fundamental relationship between a client and their advisor frequently remains stable. Ensure you review any new documentation provided by your advisory team to understand if your fee structure or service scope will change.
Further reading
For more on how shifts in firm ownership can influence your long-term wealth management, visit our guide on Financial Planning.
More information
For additional details on the firm's platform and services, visit the Ascentis Independent Advisors platform website.
Live Poll
Do you trust larger independent wealth platforms to provide better service than smaller individual advisory firms?
