From InvestmentNews
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Summary: HighTower Advisors, a hybrid advisory firm whose trajectory has been closely followed as a barometer for success of the independent model, made a presentation last week on taking the firm public, according to sources who requested anonymity because they did not have permission to speak publicly.
From InvestmentNews
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Summary: Three advisers who have lived through both bitter partnership breaks and now an amicable one said the latter is worth the time and effort because it's easiest on clients.
From WealthManagement.com
Added on June 2015 in M&A Issues
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Summary: At a total of $3.6 trillion in transactions, 2014 was the most active year for mergers and acquisitions since just before the global financial crisis. This year is on track to surpass that, with deals totaling $1.9 trillion year-to-date through June 3, according to Invesco. Forty of the transactions that occurred last year were “mega-deals”—those valued at over $10 billion—the largest number of these deals since 2006.
From InvestmentNews
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Summary: When Kate Holmes launched her financial advisory business two years ago, she planned on rarely, if ever, meeting with clients face-to-face. Still, she decided to rent a small office near her home outside Las Vegas because she didn't think she would appear legitimate to prospective clients without a physical location.
From Nerd's Eye View
Added on June 2015 in M&A Issues
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Summary: While buying into an advisory firm can be an incredible opportunity in the long run, there are also some very important caveats and potential problems to consider, in terms of both the financial terms of the succession deal, and also the more nuanced challenges of participating as one of several partners in a multi-owner firm.
