Added on November 2024 in M&A Issues
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Summary: As the wealth management industry evolves, mid-sized firms must actively participate in consolidation activity, transforming the space and looking for strategic opportunities to add scale and talent to ensure future success. From a seller’s standpoint, financial advisors may want to consider a mid-sized firm that has a similar service mindset, set of core values and culture that they have cultivated over the years.
Added on November 2024 in M&A Issues
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Summary: Next Tuesday, industry leaders and RIAs will gather under one roof in southern California to explore scalable growth strategies and some of the latest trends in wealth management, including how to better manage a practice.
Added on October 2024 in M&A Issues
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Summary: M&A activity among RIAs is solid and likely to continue. Demographics play a role, as many advisors are getting older and looking for a profitable exit. Private equity sees a way to upsell an industry by aggregating RIAs and selling them for a more significant multiple. For various reasons, there is a window for you to get a substantial return on your RIA. But it is just that, a window. The complication is that many advisors who want to grow their practices and are considering selling to facilitate accomplishing this goal will be very disappointed with the outcomes.
Added on October 2024 in M&A Issues
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Summary: Dynasty Financial Partners CEO Shirl Penney explains why now is a good time to sell a wealth management practice.
Added on April 2024 in M&A Issues
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Summary: Generation Alpha–born from the early 2010s to the mid-2020s–will be the largest and most connected generation in history. Plus, their economic footprint is expected to wield as much spending power as Millennials and Gen Z combined, by the year 2029.
