Added on February 2017 in M&A Issues
0 visitor like this article | Viewed 3715 times | 0 comment
Summary: When it comes to mergers and acquisitions of RIAs, much attention has rightly been given to "rollup" or consolidator firms like Focus Financial, United Capital and Dynasty. But the latest data published Feb. 9 in the Nuveen/DeVoe RIA Deal Book reveals another face of the consolidator trend: sub-acquisitions by those consoiidators’ partner RIA firms accounted for 12% (or 19) of all 142 deals last year, and 22% of established RIA firm transactions in 2016, amounting to a “breakout year for sub-acquisitions." The average size of those acquired RIA firms was over $1 billion in AUM.
Added on February 2017 in M&A Issues
0 visitor like this article | Viewed 3512 times | 0 comment
Summary: For advisors, the sale of their practice or firm may be the largest financial transaction they will ever handle and often represents their largest personal financial asset. As a result, it’s important to take the process seriously and begin to develop a timeline and a long-term strategy in order to achieve your goal of a smooth exit.
Added on February 2017 in M&A Issues
0 visitor like this article | Viewed 3740 times | 0 comment
Summary: Banks and credit unions are out in force in search of RIAs and independent advisory practices to acquire. The problem is they can't find them.
Added on February 2017 in M&A Issues
0 visitor like this article | Viewed 3463 times | 0 comment
Summary: After a gratifying 25-year career as a financial adviser, I began a search for an ideal buyer of my sole proprietor practice in 2010. Over two-and-a-half years, I interviewed 10 financial advisory firms that had the potential to be candidates until I narrowed it down and found a very reputable firm to take over my clients.
Added on February 2017 in M&A Issues
0 visitor like this article | Viewed 3518 times | 0 comment
Summary: Subacquisitions, the purchase of a smaller RIA by a larger firm that itself had been previously acquired, have nearly quadrupled since 2014 and now comprise 22% of all M&A transactions by established RIAs, according to DeVoe & Co.'s latest industry report.
