Charlotte-Based Horizon Acquired LSA Portfolio Analytics

The asset management firm has expanded its reach to more than 200 advisory firms through this acquisition.

Updated on Sept. 23, 2026 in Investing

Bold flat-color editorial illustration of stacked geometric glass volumes on a navy base, representing structural corporate growth. — Horizon, a Charlotte-based asset management firm managing $4.5 billion, has acquired LSA Portfolio Analytics to expand its reach to over 200 advisory firms. AI Illustration. Upload story photo >

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Horizon, a firm headquartered in Charlotte managing over $4.5 billion in assets, has completed the acquisition of LSA Portfolio Analytics. This move follows a series of recent expansions by the firm within the asset management sector.

Why it matters

The acquisition grows Horizon's footprint as it continues to integrate outside firms into its active investment management platform. This transaction is the latest in a rapid 18-month period of growth for the organization.

Horizon now supports more than 200 advisory firms following the purchase of LSA Portfolio Analytics. This reflects the firm's growth trajectory, which has included three acquisitions in the last 18 months.

The players

Horizon

A Charlotte-based firm managing over $4.5 billion in assets that provides active ETFs and investment management services.

LSA Portfolio Analytics

A Missouri-based firm founded in 2005 that provides outsourced investment services to more than 200 advisory firms.

Brad and Ryan Kasper

The founders of LSA Portfolio Analytics who joined Horizon as directors of account management.

Austin Fitch

A director at Horizon to whom the new account management directors will report.

The details

Horizon integrated the Missouri-based LSA Portfolio Analytics, which has been operational since 2005. As part of the deal, LSA founders Brad and Ryan Kasper joined Horizon to serve as directors of account management, reporting to Austin Fitch. The firm now bolsters its capacity to manage assets alongside its existing portfolio of 16 active ETFs.

2005: LSA Portfolio Analytics was founded.
End of 2024: Industry OCIO assets reached $3.3 trillion.
April 2025: Horizon acquired Centre Asset Management.
Summer 2026: Horizon acquired Anfield Capital Management.
September 2026: Horizon completed the acquisition of LSA Portfolio Analytics.

Money Landscape

This deal marks another step in the consolidation of the asset management industry. It aligns with a broader trend of growth for Outsourced Chief Investment Officer (OCIO) firms, which reached $3.3 trillion in total assets by the end of 2024.

Advisory firms currently utilizing LSA Portfolio Analytics services should monitor communications regarding account management transitions under the new leadership structure. If you are a client of an affected advisory firm, consider discussing any potential changes in investment strategy with your own financial professional.

The takeaway

The acquisition expands the resources available to firms under Horizon's management platform. Investors should review their current portfolio disclosures to understand if their advisory firm’s service providers have changed.