From Financial Advisor IQ
Added on May 2016 in M&A Issues
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Summary: DeVoe & Company’s latest edition of its RIA Deal Book, which chronicles M&A activity for RIAs in the first quarter of 2016, says 33 transactions took place, down from a record 37 transactions in first quarter 2015.
From Financial Planning
Added on May 2016 in M&A Issues
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Summary: Large RIAs managing between $1 billion and $5 billion in assets sold in record numbers during the first quarter of the year, according to the Nuveen/DeVoe & Co. RIA Deal Book. While this segment usually accounts for 11% of total M&A transactions, to date it has comprised 21% of the transactions, nearly double the average.
From InvestmentNews
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Summary: Leading custodians warned fee-only financial advisers to figure out what differentiates their services from the competition because pretty soon everyone is going to be touting the fiduciary label.
From Financial Planning
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Summary: As robo technology proliferates and evolves, regulators are keeping pace – and firms and advisers making use of such tools will have to follow suit, industry executives say.
From On Wall Street
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Summary: I’ve decided to leave my broker-dealer and start my own investment advisory company. I’m not ready to let my firm know, as I’ve heard it can take several months to get approved and I’m pretty sure they’ll terminate me once I tell them. However, I’m worried that, if I don’t tell them, they will mark up my U5 by saying I failed to advise them that I was engaging in an outside business activity. Can I begin to register as an RIA without letting my firm know?
