Added on July 2018 in M&A Issues
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Summary: Founded in 2007 by high-profile industry dealmaker Mark Hurley, Fiduciary Network has minority stakes in at least 17 independent firms, including Evensky & Katz Wealth Management, Sand Hill Global Advisors and Pathstone Federal Street.
Added on July 2018 in M&A Issues
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Summary: A record 48 mergers and acquisitions took place among registered investment advisory firms in the second quarter, according to Echelon Partners.
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.
