From ThinkAdvisor
Added on February 2017 in M&A Issues
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Summary: When it comes to mergers and acquisitions of RIAs, much attention has rightly been given to "rollup" or consolidator firms like Focus Financial, United Capital and Dynasty. But the latest data published Feb. 9 in the Nuveen/DeVoe RIA Deal Book reveals another face of the consolidator trend: sub-acquisitions by those consoiidators’ partner RIA firms accounted for 12% (or 19) of all 142 deals last year, and 22% of established RIA firm transactions in 2016, amounting to a “breakout year for sub-acquisitions." The average size of those acquired RIA firms was over $1 billion in AUM.
From Financial Advisor IQ
Added on February 2017 in M&A Issues
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Summary: For advisors, the sale of their practice or firm may be the largest financial transaction they will ever handle and often represents their largest personal financial asset. As a result, it’s important to take the process seriously and begin to develop a timeline and a long-term strategy in order to achieve your goal of a smooth exit.
From WealthManagement.com
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Summary: Due to the rise of "robo advisors" and other digital platforms, retail investors have access to a broad range of relatively cheap and highly sophisticated third-party asset management offerings. So, while asset management will always be a component of any independent advisory practice, the day is fast upon us—if it hasn’t come already—when it can no longer be the principal focus.
From On Wall Street
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Summary: Amid growing worries that there are not enough new advisers to replace those who are retiring, the CFP Board's Center for Financial Planning is rolling out a host of new initiatives aimed at expanding and diversifying the workforce.
From InvestmentNews
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Summary: Financial advisers today face changing client needs, technology-driven disruptions, increasing competition and other businesses pressures, but there are ways for them to leverage these transformations, according to Michael Kitces and Alan Moore, co-founders of the XY Planning Network. They presented these suggestions at the TD Ameritrade National LINC 2017 conference in San Diego.
