Advisor M&A Surging to Record Year; Should Be 'New Normal': DeVoe

James Green | ThinkAdvisor, October 2016

Summary: DeVoe & Company’s latest report on RIA mergers and acquisitions in the third quarter suggests advisor M&A market is at a record pace for the full year. Moreover, said Dave DeVoe, that record pace is likely to be followed by “seven to 10 more years” of M&A growth, becoming a “new normal.” Why is that?

These sales have to happen,” said DeVoe in an interview with ThinkAdvisor during Schwab Impact in San Diego, and the purchases will be outside buyers because for founding partners of successful advisory firms, their firms have become “too expensive for internal buyers.”

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