Added on October 2024 in M&A Issues
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Summary: M&A activity among RIAs is solid and likely to continue. Demographics play a role, as many advisors are getting older and looking for a profitable exit. Private equity sees a way to upsell an industry by aggregating RIAs and selling them for a more significant multiple. For various reasons, there is a window for you to get a substantial return on your RIA. But it is just that, a window. The complication is that many advisors who want to grow their practices and are considering selling to facilitate accomplishing this goal will be very disappointed with the outcomes.
Added on October 2024 in M&A Issues
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Summary: Dynasty Financial Partners CEO Shirl Penney explains why now is a good time to sell a wealth management practice.
Added on April 2024 in M&A Issues
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Summary: Generation Alpha–born from the early 2010s to the mid-2020s–will be the largest and most connected generation in history. Plus, their economic footprint is expected to wield as much spending power as Millennials and Gen Z combined, by the year 2029.
Added on March 2024 in M&A Issues
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Summary: The registered investment advisor market hit an inflection point for mergers and acquisitions in 2023, as the largest RIA platforms got even bigger, with some approaching $500 billion in assets and many bringing on outside capital to accelerate organic and inorganic growth. The industry “saw the shift from a gold rush mentality to an institutional arms race,” according to a new report from management consulting and transaction advisory firm Advisor Growth Strategies.
Added on March 2024 in M&A Issues
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Summary: Dave Welling, Mercer Advisors’ CEO, says the key to succeeding at RIA M&A is what happens after the deal has been struck.
