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Summary: Online advisory services are beginning to have an impact on the valuations of financial advisory firms.The low prices and competitive threat of so-called robo advisors were cited as factors that traditional advisors must take into account when valuing their firms for mergers and acquisitions, say experts at Gladstone Associates' annual advisor conference in Philadelphia.
 If they're charging 25 basis points and clients are paying advisors 1% of assets under management, clients are going to ask what they are paying the extra 75 basis points for. RIAs had better be able to answer that question, and the smaller firms may not be able to."Rush Benton, senior director, strategic wealth, CapTrust Financial Advisors. |
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