Added on June 2018 in M&A Issues
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Summary: Financial advisors who are thinking about selling their firms are confronted by a wide variety of concerns. How do I know I’m getting the right price for my business? How do I know what it’s really worth? What if the buyer has funding trouble and we can’t get the deal done?
Added on June 2018 in M&A Issues
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Summary: Advisors planning to retire have several critical choices to make if they want to cash out and have their business continue: They can sell their firm to an outside company or to one or more insiders who will stay on. They can get paid in cash or equity or a combination of the two.
Added on June 2018 in M&A Issues
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Summary: At least four other suitors, including an aggregator, a large RIA and even an accounting firm wanted to buy Donnelly Wealth Advisors, a thriving RIA in San Diego with approximately $408 million in assets under management.
Added on June 2018 in M&A Issues
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Summary: The prodigious inflow of outside capital to RIAs is changing the rules of the game for a sector that has, for the past decade, been fiercely independent.
Added on June 2018 in M&A Issues
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Summary: Advisory firm owners who are considering selling their firm internally in a succession-plan transaction rather than to outside buyers might be taking a valuation hit, according to Daniel Seivert, chief executive of investment bank Echelon Partners.
