Added on October 2014 in M&A Issues
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Summary: Securing an equity stake in the fast-growing RIA market usually involves fierce competition among aggregators, private equity firms, banks and large financial service companies. A new contender, Aequitas Capital, is hoping to woo advisors with an unusual but potentially potent pitch: its expertise in alternative investments.
Added on October 2014 in M&A Issues
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Summary: As advisors look to mergers and acquisitions to fuel growth strategies and succession plans, firms need to look beyond the nuts and bolts of the transaction and think strategically about how a combined firm will operate, experts said this week at the FSI's financial advisor summit.
Added on October 2014 in M&A Issues
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Summary: It’s a seller’s market when it comes to the merger and acquisition activity around advisory practices. For every 10-15 deals an advisor looks at, one may turn serious, Paul Lally, president of Gladstone Associates, told attendees of FSI Advisor Summit on Monday.
Added on October 2014 in M&A Issues
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Summary: Succession-driven deal volume among advisory firms will have to pick up, but right now there’s a puzzling lack of activity, said Echelon Partners founder Dan Seivert at the firm’s Deals and Deal Makers Summit in Santa Monica, Calif. on Thursday.
Added on September 2014 in M&A Issues
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Summary: Lucia Capital Group, led by former LPL Financial (LPLA) executive Derek Bruton, says it has inked its first acquisition.On Wednesday, the San Diego-based wealth management firm said it had signed a deal to buy the managed equity and fixed income accounts of West Coast Asset Management, an independent RIA in Santa Barbara, Calif., with some $170 million in client assets that uses Charles Schwab (SCHW) as its custodian
