 We call 2013 the year of the tuck-in because $1 billion-plus RIA firms were buying small to midsized advisor firms and tucking them into their organization.”Jon Beatty, head of sales and relationship management at Schwab Advisor Services. |
RIAs Lead The Way In Advisor M&A Activity
Jeff Schlegel | Financial Advisor Magazine, April 2014
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Summary: The number of merger and acquisition deals among registered investment advisors jumped 20% in 2013 versus the prior year, according to figures from Schwab Advisory Services. At the same time, the total assets purchased in those deals dropped by 26% and the average deal size sank by 38%.That’s because the largest share of the 54 transactions done last year were RIAs buying other RIAs (44%), as opposed to 2012 when so-called strategic acquiring firms were the leading buyers and accounted for 53% of the 45 deals.
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