Added on August 2016 in M&A Issues
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Summary: Practice acquisition (acquiring a retiring advisor's practice) is an incredibly lucrative way to grow your business exponentially, and as advisors age, there will be ample opportunity for younger advisors to acquire practices. In the next 10-15 years, there's going to be a glut of for sale by owner practices, but the simple fact is that they are not going to be worth the multiples that are being thrown around now.
Added on August 2016 in M&A Issues
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Summary: Strategic acquirers represent a formidable force in the registered investment advisor mergers and acquisitions game, according to a recent report released by Fidelity. But to align themselves correctly for an acquisition, RIAs need to understand the varying needs of the different types of acquirers and what they stand to gain — and lose — in the deal, according to the report.
Added on August 2016 in M&A Issues
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Summary: Indeed, the demise of the wealth management arm [Lebenthal Wealth Advisers] of one of the financial service's industry's most venerable names has underscored the fiercely contested battle for high- and ultrahigh-net-worth clients and the advisers who can work with them.
Added on August 2016 in M&A Issues
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Summary: The registered investment advisor space has seen a total of 71 mergers and acquisitions in the first half of the year, outpacing the number of deals in the previous six months, according to research by DeVoe & Company, a management consulting and investment banking firm serving the RIA industry.
Added on August 2016 in M&A Issues
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Summary: While still a mega-deal by most measures, another view lowers its size by nearly 39%. That’s due to the fact that Tiedemann’s publicized number counts assets under advisement. Using assets under management, however, the combo’s total falls to roughly $8 billion.
