From Wealth Management
0 visitor like this article | Viewed 3611 times | 0 comment
Summary: Lots of advisors want to reposition their firm to work with high-net-worth clients or even start a new one aimed at households with deeper pockets, but that’s often easier said than done.
From InvestmentNews
0 visitor like this article | Viewed 3979 times | 0 comment
Summary: Not surprisingly, financial services firms and M&A consultants have launched major initiatives aimed at solving the impending succession planning crisis. To demystify the various types of plans that financial advisers should consider, let’s dig into the differences between servicing, continuity, exit and succession planning.
From Finanacial Planning
0 visitor like this article | Viewed 3200 times | 0 comment
Summary: Two years ago, 2020 dawned with high expectations for the RIA universe. But no one predicted what actually happened: the pandemic, a market crash and then a rapid boom, followed by a vast reordering of priorities for both clients and advisors as many shifted to work from home.
From Wealth Management
Added on December 2021 in M&A Issues
0 visitor like this article | Viewed 3385 times | 0 comment
Summary: Dealmaking in the wealth management industry is red hot; deals in the registered investment advisory space have already surpassed 2020 volumes, and the year is not over yet. Further, valuations are at all-time highs, with some—as a multiple of cash flows—reaching the high teens for firms with $10 billion or more in assets, according to David DeVoe, founder and CEO of DeVoe & Company, speaking at the annual MarketCounsel Summit in Miami this week.
From InvestmentNerws
0 visitor like this article | Viewed 3392 times | 0 comment
Summary: Since the stock market serves as an indicator of investor sentiment about the future, its recent gyrations underscore the worries surrounding the possible impact of the Covid-19 omicron variant. One thing is certain: Given the experience with the first wave, lockdowns and closures could be reimposed to contain the variant’s spread. Even if government officials decide not to take such economy-crippling measures, large numbers of people simply may choose to continue working remotely. Those who have returned to offices may go back to working from home.
