Added on March 2022 in M&A Issues
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Summary: RIAs today might see private equity as a bottomless reservoir of cash, but PE funds weren’t always so eager to dish money out to fiduciary wealth managers.
Added on March 2022 in M&A Issues
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Summary: It’s not surprising, given that RIA merger and acquisition activity had another record-breaking year last year, with 242 transactions, according to DeVoe & Company, a provider of consulting, M&A, and valuation services to wealth management firms. That’s up 52% from 2020, when 159 transactions were completed, DeVoe data show.
Added on March 2022 in M&A Issues
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Summary: For buyers and sellers, highlighting the talent up and down the organization is a powerful way to stand out among competitors.
Added on February 2022 in M&A Issues
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Summary: As private equity pours cash into wealth management, financial advisers should be exposing clients to private equity investments.
Added on February 2022 in M&A Issues
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Summary: Merchant Investment Management, a New York-based private partnership that provides growth capital and resources to independent financial services companies, has taken an undisclosed minority stake in Summit Investment Advisory Services, a Roseville, Minnesota-based registered investment advisory firm managing $490 million.
