Added on August 2016 in M&A Issues
1 visitor like this article | Viewed 3179 times | 0 comment
Summary: Indeed, the demise of the wealth management arm [Lebenthal Wealth Advisers] of one of the financial service's industry's most venerable names has underscored the fiercely contested battle for high- and ultrahigh-net-worth clients and the advisers who can work with them.
Added on August 2016 in M&A Issues
1 visitor like this article | Viewed 3109 times | 0 comment
Summary: The registered investment advisor space has seen a total of 71 mergers and acquisitions in the first half of the year, outpacing the number of deals in the previous six months, according to research by DeVoe & Company, a management consulting and investment banking firm serving the RIA industry.
Added on August 2016 in M&A Issues
1 visitor like this article | Viewed 3096 times | 0 comment
Summary: While still a mega-deal by most measures, another view lowers its size by nearly 39%. That’s due to the fact that Tiedemann’s publicized number counts assets under advisement. Using assets under management, however, the combo’s total falls to roughly $8 billion.
Added on August 2016 in M&A Issues
1 visitor like this article | Viewed 3022 times | 0 comment
Summary: Over the last 11 years I’ve attended and participated in dozens of conferences and break-out sessions on the topic of M&A within the wealth management industry. When I am speaking or as a panel member, I often kick the session off with these questions: “By show of hands, how many buyers are in the audience?” Most hands go up. “Keep your hands up. How many have executed one transaction?” A few hands stay up. “How many of those have executed more than one?” One hand stays up, maybe.
Added on August 2016 in M&A Issues
1 visitor like this article | Viewed 3008 times | 0 comment
Summary: Yes, the merger of New York-based Tiedemann Wealth Management and San Francisco-based Presidio Capital Advisors is one of the most significant wealth management deals of the year.
