 Owners of these smaller firms are willing to trade off a degree of independence to become part of a larger organization and reap the benefits of scale."David DeVoe, Managing Partner and Founder, DeVoe and Company |
RIA M&A activity hits all-time high but average AUM of sellers plunges
Charles Paikert | Financial Plannning, May 2017
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Summary: The sale of smaller RIAs fueled record M&A activity in the first quarter, but also led to a steep decline in average assets under management of the sellers.
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