Added on November 2024 in M&A Issues
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Summary: Next Tuesday, industry leaders and RIAs will gather under one roof in southern California to explore scalable growth strategies and some of the latest trends in wealth management, including how to better manage a practice.
Added on October 2024 in M&A Issues
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Summary: M&A activity among RIAs is solid and likely to continue. Demographics play a role, as many advisors are getting older and looking for a profitable exit. Private equity sees a way to upsell an industry by aggregating RIAs and selling them for a more significant multiple. For various reasons, there is a window for you to get a substantial return on your RIA. But it is just that, a window. The complication is that many advisors who want to grow their practices and are considering selling to facilitate accomplishing this goal will be very disappointed with the outcomes.
Added on October 2024 in M&A Issues
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Summary: Dynasty Financial Partners CEO Shirl Penney explains why now is a good time to sell a wealth management practice.
Added on September 2024 in Form an RIA
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Summary: As you likely realize, fraudsters and scammers LOVE to steal identities. If you’re like me, you know more than one person whose identity, Social Security number, or personal information has been stolen and used illegally. Wise adults take precautions. We protect our credit card numbers, freeze our credit bureau accounts, never follow an email link without verifying it independently first, never give out our Social Security number unless we know for certain that it’s legitimate to do so, etc.
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Summary: Commitment to transparency, which was vital during the financial crisis, has propelled firm’s success.
