From Financial Planning
Added on October 2017 in M&A Issues
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Summary: After sitting on the sidelines for nearly three years, Mariner, which has over $9 billion in AUM, plans to make seven to 10 acquisitions next year, targeting firms across the country with between $250 million and $1 billion in AUM, says Mariner CEO Marty Bicknell..
From Barron's Advisor Center
Added on October 2017 in Join an RIA
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Summary: Big RIA firms are paying more to ensure they have good talent, writes FinancialAdvisorIQ.This year, 92% of all large advisory firms increased salaries across the board, the publication says, citing a Fidelity report. And nearly 50% gave raises “that outpaced the national average for their respective positions,” the publication says.
From WealthManagement.com
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Summary: The number of young millionaires is quickly growing, according to Fidelity Investments. In its ninth “Millionaire Outlook” study, the firm reported that Generation X/Y individuals account for 18 percent of millionaires in the U.S., up from 8 percent in 2012.
From InvestmentNews
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Summary: E*Trade Financial Corp.'s acquisition of Trust Company of America is seen as a solid endorsement of the strength and profitability of the financial advisory business.
From InvestmentNews
Added on October 2017 in M&A Issues
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Summary: Private equity investors have their eyes on the financial advice market, but there's a debate brewing among industry executives over the merits of using that private capital.
