Added on February 2022 in M&A Issues
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Summary: As private equity pours cash into wealth management, financial advisers should be exposing clients to private equity investments.
Added on February 2022 in M&A Issues
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Summary: [video] Advisor Growth Strategies' Brandon Kawal details why RIA valuation levels are rising.
Added on January 2022 in M&A Issues
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Summary: Sixty-three percent of RIAs in a recent survey said they expect merger-and-acquisition activity to continue to increase this year, DeVoe & Co. reported this week. Forty-seven percent of advisors said activity would rise somewhat, and 16% said it would do so considerably.
Added on December 2021 in M&A Issues
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Summary: Merchant Investment Management is a private partnership that invests in growth companies and other opportunities. According to its website, Merchant Investment Management this year has focused on investing in the wealth management industry.
Added on December 2021 in M&A Issues
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Summary: Dealmaking in the wealth management industry is red hot; deals in the registered investment advisory space have already surpassed 2020 volumes, and the year is not over yet. Further, valuations are at all-time highs, with some—as a multiple of cash flows—reaching the high teens for firms with $10 billion or more in assets, according to David DeVoe, founder and CEO of DeVoe & Company, speaking at the annual MarketCounsel Summit in Miami this week.
