 Some advisers think practice acquisition is the silver bullet for growth. The criteria of whether it's a success is a culture fit.."Kevin Cullen, director of practice management for Loring Ward. |
Buy your way toward higher assets under management
Liz Skinner | InvestmentNews, January 2014
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Summary: Yung advisers struggling to gain a critical mass of clients and bulk up their assets under management may want to find another firm to buy. Karsten Advisors, a Fort Worth, Texas-based firm with four financial advisers, all under the age of 40, has acquired nine advisory practices in the last 13 years to reach a total of $250 million in client AUM
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