 Advisors themselves demonstrated their growing sophistication of M&A, using acquisitions to achieve a variety of strategic goals beyond growth.”David DeVoe, DeVoe & Company |
Private Equity, Banks Get Back in the RIA Deal Game
Megan Leonhardt | wealthmanagement.com, April 2015
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Summary: After essentially sitting on the sidelines during 2014, private equity firms and banks were again buying up RIA firms in the first quarter of 2015, executing 19 percent of the record-breaking 34 transactions recorded by DeVoe & Company. Private equity firms alone accounted for 13 percent of first quarter deals.
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