From Wealth Management
Added on March 2024 in M&A Issues
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Summary: The registered investment advisor market hit an inflection point for mergers and acquisitions in 2023, as the largest RIA platforms got even bigger, with some approaching $500 billion in assets and many bringing on outside capital to accelerate organic and inorganic growth. The industry “saw the shift from a gold rush mentality to an institutional arms race,” according to a new report from management consulting and transaction advisory firm Advisor Growth Strategies.
From InvestmentNews
Added on March 2024 in M&A Issues
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Summary: Dave Welling, Mercer Advisors’ CEO, says the key to succeeding at RIA M&A is what happens after the deal has been struck.
From Wealth Management
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Summary: As long as the phones keep ringing, most RIA businesses are perfectly content to stick with tried-and-true tactics—the ones that brought them success in the first place. Do good work. Build relationships with clients. Introduce yourself to local attorneys. Then, watch your business grow.
From Wealth Management
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Summary: After presiding over infrastructure expansion, a shift in strategy and more than $80 billion in asset growth, Hightower’s CEO shares his thoughts on the job, the industry and recent rumors of a sale.
From Wealth Management
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Summary: Joel Bruckenstein reflects on the 20th anniversary of T3, and celebrates the growth and evolution of the financial technology community.
