Added on January 2019 in M&A Issues
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Summary: According to Echelon Partners, the merger and acquisitions consulting firm, the average RIA tripled its revenues between 2010 and 2017. Although this growth is strong, firms are facing intensified pressure to achieve even greater scale with long-term endurance. The result? Many are turning toward mergers or acquisition strategies to reach those goals.
Added on January 2019 in M&A Issues
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Summary: The financial market volatility that picked up in earnest last year was not enough to derail the pace of consolidation among registered investment advisers.
Added on January 2019 in M&A Issues
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Summary: Veteran dealmaker Peter Raimondi just acquired a tax practice for his latest wealth management firm and hopes to purchase at least two RIAs by the end of the year. And he says there’s a good chance he won’t have to pay as much as he would have last year.
Added on December 2018 in M&A Issues
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Summary: The financial advice industry frequently focuses on the rise of registered investment advisers and the independent broker-dealer market when it talks about trends in the business. But quietly making a comeback are regional broker-dealers, firms that traditionally focused on a specific part of the country but which in some cases have grown into national firms.
Added on December 2018 in M&A Issues
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Summary: As 2018 wraps up, it looks like another year of record-level consolidation in the financial advisory space. Following are the 10 biggest deals of the year, according to Devoe & Co.
