Added on August 2016 in M&A Issues
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Summary: There is no question that the planning profession is currently experiencing a period of consolidation. Smaller firms are merging to create multi-partner entities, more often than ever before. Larger firms are buying practices that never created a viable succession strategy. At every conference I attend these days, I hear hallway conversations about the advantages of scale.
Added on August 2016 in M&A Issues
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Summary: Two well-known wealth management firms with combined assets of nearly $10 billion — one a rising industry power and the other a fallen one — are combining to form yet another RIA mega-firm.
Added on August 2016 in M&A Issues
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Summary: [Slideshow] A major M&A trend in the RIA market appears to be on the wane — breakaway brokers are accounting for fewer transactions as fewer brokers leave wirehouse to go independent. Nonetheless, RIA mergers and acquisitions through June 30 are on pace to sustain last year's record 130 deals, according to DeVoe & Co.'s RIA Deal Book mid-year review.
Added on August 2016 in M&A Issues
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Summary: Focus Financial Partners has the wind at its back in the merger and acquisition market as the aggregator of registered investment advisory firms reportedly prepares to go public.
Added on August 2016 in M&A Issues
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Summary: Buyers accounted for nearly half of M&A transactions last year and nearly 40% of acquisitions for the first half of 2016, according to Fidelity Investment's latest Wealth Management M&A Transaction report.
