Added on November 2016 in M&A Issues
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Summary: It’s easy to criticize valuation clauses in most buy-sell agreements (BSAs) as being inadequate, too cookie-cutter. They can be. It’s much more difficult to suggest an adequate and cost-conscious alternative to the go-to remedy: a full-blown valuation from a credentialed business appraiser.
Added on October 2016 in M&A Issues
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Summary: DeVoe & Company’s latest report on RIA mergers and acquisitions in the third quarter suggests advisor M&A market is at a record pace for the full year. Moreover, said Dave DeVoe, that record pace is likely to be followed by “seven to 10 more years” of M&A growth, becoming a “new normal.” Why is that?
Added on October 2016 in M&A Issues
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Summary: There were 52 deals done in this year’s first half versus 37 in the first half of 2015. Maybe of more significance, the first-half total this year is only two short of the total number of deals in both 2013 and 2014.
Added on October 2016 in M&A Issues
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Summary: The quest for the “holy grail” in wealth-management technology — a platform capable of uniting under one roof all the various financial-technology tools necessary in the advice business — has spurred a slew of tech-firm acquisitions and partnerships, ThinkAdvisor writes.
Added on October 2016 in M&A Issues
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Summary: The RIA business will likely face two Department of Labor rule-related expenses that will have them applying crowbars to their tightly folded wallets, according to speakers at the ECHELON Partners Deals & Deal Makers Summit, hosted this week in New York by its founder, Dan Seivert.
