Added on September 2016 in M&A Issues
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Summary: For those who are ever involved in a merger or acquisition, it will probably be the single most important financial transaction of their lives. For buyers, it can accelerate their growth far beyond what would otherwise be possible. For sellers, it can turn their hard-earned equity into cash to finance the next stage of their live
Added on September 2016 in M&A Issues
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Summary: They made up 26% of buyers in the first half of this year, rising from 11% in the first six months of 2015 and on pace to have the biggest showing for any year in the past decade, according to a Charles Schwab Corp. report released Tuesday on mergers and acquisitions in the RIA industry.
Added on September 2016 in M&A Issues
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Summary: Looking to beef up its presence in New England, United Capital Financial Advisers has acquired the private client group of Westport Resources Management, an RIA in Westport, Connecticut.
Added on September 2016 in M&A Issues
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Summary: The ultimate goal for many advisors who own their own firm is to eventually sell their business for a profit. While there are countless ways to increase a firm’s value before a sale in order to receive the most money possible, advisors can maximize the impact of their efforts by focusing on tactics that will increase the business’ growth rates, cash flows and quality of service.
Added on August 2016 in M&A Issues
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Summary: There is no question that the planning profession is currently experiencing a period of consolidation. Smaller firms are merging to create multi-partner entities, more often than ever before. Larger firms are buying practices that never created a viable succession strategy. At every conference I attend these days, I hear hallway conversations about the advantages of scale.
