Added on May 2014 in M&A Issues
1 visitor like this article | Viewed 6166 times | 0 comment
Summary: Should RIA founders sell to an outside buyer or to junior partners already in the firm? The internal vs. external sale debate proved to be one of the liveliest at the recent Deals and Deal Makers Summit in New York.
Added on May 2014 in M&A Issues
1 visitor like this article | Viewed 6033 times | 0 comment
Summary: Almost every advisor must come up with a valuation for their firm at some time or another—whether it’s to sell or merge with another firm. And for some, it’s more of an art than a science. How do you put a price on your firm? The five most important factors that go into a valuation include financial management, growth, scale, business model, and clients, said Dan Seivert, CEO of ECHELON Partners, during a Laserfiche workshop in New York.
1 visitor like this article | Viewed 4420 times | 0 comment
Summary: The language of finance is complicated, and sometimes intentionally so. From the “turgid dialect” of Fedspeak to the intentionally tortured and complicated mouse print disclaimers on investment prospectuses, the industry embraces verbosity. So when a New York Times best-selling author appears on 60 Minutes to declare that the stock market is “rigged,” it stands in stark contrast to the usual hedging, sidestepping and equivocating.
1 visitor like this article | Viewed 4502 times | 0 comment
Summary: We now are facing the threat of a compromised fiduciary standard that will allow brokerage firms to conduct business as usual. We have seen the SEC issue reports that openly talk about accommodating the brokerage industry’s business model.
1 visitor like this article | Viewed 4985 times | 0 comment
Summary: Of the more than 30,000 independent investment advisors in the country, fewer than a quarter have a succession plan in place, according to numerous studies, and most solo practitioners haven't even identified a potential successor.
