From RIABiz
Added on March 2015 in M&A Issues
1 visitor like this article | Viewed 3825 times | 0 comment
Summary:United Capital Financial Advisers has pulled off the biggest, best-valued deal in its history, but one that may just underscore how little gas the old roll-up model has in its tank. The Newport Beach, Calif.-based ex-roll-up-turned-super-ensemble-RIA last week quasi-recruited, quasi-purchased a 23-person, $2 billion AUM team — a team that lost its chemistry with its community bank owner after a big Spanish bank purchased it.
From wealthmanagement.com
1 visitor like this article | Viewed 3343 times | 0 comment
Summary: The volume of dealmaking in the wealth management industry is grossly understated, Dan Seivert, CEO and founder of ECHELON Partners, told advisors earlier this week at Pershing Advisor Solution’s regional conference. His firm estimates between 3,000 and 9,000 people are breaking away and joining other firms, compared to the 700 to 800 breakaway deals reported in the media.
From Financial Advisor Magazine
0 visitor like this article | Viewed 3141 times | 0 comment
Summary: I would like to move my accounts,” says the voice on the phone. Your stomach drops and you instinctively want to defend yourself and your firm. “Why?” you finally manage to whisper. Through the rest of the conversation, you struggle to understand the communication disconnect—to explain, defend or even try to persuade the client to stay.
From InvestmentNews
Added on March 2015 in M&A Issues
1 visitor like this article | Viewed 3969 times | 0 comment
Summary: Are RIA prices getting too rich? At least two well-known names in the acquisition business, United Capital and HighTower Advisors, have backed away from buying established registered investment advisers while citing, in part, the high costs of the transactions.
From Financial Advisor IQ
1 visitor like this article | Viewed 3715 times | 0 comment
Summary: Advisor Mike Perry likes to tell his clients about one another: not to satisfy prurient curiosity — and not, of course, as a testimonial — but to show how a particular planning strategy worked for someone else in the past.
