Added on May 2021 in M&A Issues
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Summary: Edelman Financial Engines, an independent financial planning firm that was created through the combination of Edelman Financial Services and Financial Engines, has acquired Viridian Advisors, a Bothell, Wash.–based financial and tax planning RIA with $846 million in assets across more than 800 clients. The deal represents Edelman's first RIA acquisition since the merger.
Added on December 2020 in M&A Issues
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Summary: The data is still being gathered, but preliminary results suggest the pace of consolidation in the RIA space was barely hampered by the effects of the global pandemic that effectively shut down, or at least locked down, much of the global economy.
Added on October 2020 in M&A Issues
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Summary: Advisors who have been through the wave of industry consolidation know that mergers and acquisitions can prove to be beneficial when done for the right reasons and with proper due diligence. But before they can get to the point of closing the deal, there can be a lot of stress, industry executives say.
Added on August 2020 in M&A Issues
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Summary: Advisor movement is spiking. There are a number of factors driving this trend. Here’s a short list.
Added on July 2020 in M&A Issues
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Summary: After the year we’ve had so far, not many of us would say no to some more stability in our lives. That counts double for the RIA industry. A graying workforce weighs its options for exit plans, and the pressure to compete makes inorganic growth an attractive prospect. After spending hours combing through the terms of dozens of M&A transactions for our annual RIA Deal Room Report, I realized buyers and sellers last year showed a greater hunger than ever for the perceived safety of cash deals.
