Added on July 2015 in M&A Issues
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Summary: Focus Financial Partners said Wednesday that it is adding a partner group in the Chicago area and that two existing partners have added advisors. Relative Value Partners comes on board near the Windy City with about $1 billion in client assets and seven financial professionals.
Added on June 2015 in M&A Issues
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Summary: Evaluating and buying into a financial-advice practice calls for basics like proper accounting and getting a sense of the firm’s prospects over time, according to Nerd’s Eye View. But crucially, success in this realm also calls for having the guts to abandon deals that aren’t right in every last respect, the blog adds.
Added on June 2015 in M&A Issues
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Summary: At a total of $3.6 trillion in transactions, 2014 was the most active year for mergers and acquisitions since just before the global financial crisis. This year is on track to surpass that, with deals totaling $1.9 trillion year-to-date through June 3, according to Invesco. Forty of the transactions that occurred last year were “mega-deals”—those valued at over $10 billion—the largest number of these deals since 2006.
Added on June 2015 in M&A Issues
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Summary: While buying into an advisory firm can be an incredible opportunity in the long run, there are also some very important caveats and potential problems to consider, in terms of both the financial terms of the succession deal, and also the more nuanced challenges of participating as one of several partners in a multi-owner firm.
Added on June 2015 in M&A Issues
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Summary: Valuing an RIA reminds me of the classic western The Good, The Bad and The Ugly. You may recall the story of three distinct characters racing to dig up gold buried in a graveyard. Each of the characters is a succinct manifestation of the different ways to value an advisory firm.
