Added on August 2016 in M&A Issues
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Summary: Indeed, the demise of the wealth management arm [Lebenthal Wealth Advisers] of one of the financial service's industry's most venerable names has underscored the fiercely contested battle for high- and ultrahigh-net-worth clients and the advisers who can work with them.
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Summary: After decades of exceptional growth, the RIA landscape is being redefined by the convergence of significant technological, cultural, regulatory and demographic changes. Although most RIAs are well positioned to meet these challenges, they cannot be complacent. Advisers need to better articulate their value propositions, alter their fee structure, adapt to new regulations, and pursue a new generation of advisers and clients.
Added on August 2016 in M&A Issues
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Summary: The registered investment advisor space has seen a total of 71 mergers and acquisitions in the first half of the year, outpacing the number of deals in the previous six months, according to research by DeVoe & Company, a management consulting and investment banking firm serving the RIA industry.
Added on August 2016 in M&A Issues
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Summary: While still a mega-deal by most measures, another view lowers its size by nearly 39%. That’s due to the fact that Tiedemann’s publicized number counts assets under advisement. Using assets under management, however, the combo’s total falls to roughly $8 billion.
Added on August 2016 in M&A Issues
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Summary: Over the last 11 years I’ve attended and participated in dozens of conferences and break-out sessions on the topic of M&A within the wealth management industry. When I am speaking or as a panel member, I often kick the session off with these questions: “By show of hands, how many buyers are in the audience?” Most hands go up. “Keep your hands up. How many have executed one transaction?” A few hands stay up. “How many of those have executed more than one?” One hand stays up, maybe.
