RIAs Biggest Buyers of Firms in 2013
RIAs overtook strategic acquiring firms as the leading buyer of other firms in 2013, according to Schwab Advisor Services.
2 Boston-Area RIAs Merge to Form $1.2 Billion Firm
Argent Wealth and Pillar Financial will continue to focus on HNW and UHNW clients, leveraging scale and complementary services, says Dave DeVoe.
Beacon Pointe Wealth Advisors Rolls Up Another California RIA
BPWA strategic consultant David DeVoe says the new transaction is “a great example of how RIAs are intelligently using M&A."
Hard Sell: How to Make Succession Planning Easier
To examine some of the fears and anxieties around passing on a business, I interviewed three experts: Dave DeVoe, Barbara Hudock and Cam Marston, who revealed some key advice.
Angeles Investment Advisors, Carson Wealth’s Foster Launch HNW RIA
The new RIA plans to grow by hiring breakaway brokers “looking to build upon an exceptional brand.”
LPL Financial to Acquire Alternative Investment Firm Fortigent
Fortigent will continue to operate autonomously from its Rockville, Md., headquarters and its existing management team will remain in place, reporting directly to Robert Moore, LPL Financial's CFO.
RIA M&A Deals Near Last Year’s Record: Schwab Advisor Services
Despite a weak overall U.S. market for mergers and acquisitions, Schwab Advisor Services reports that 2011 is shaping up to be a banner year for M&A in the RIA industry.
The Mixed State of the Advisor Market
Recent snapshots of the advisory industry’s mergers and acquisition activity, along with new data on the growth and decline in advisory channels, show that as wirehouse advisors are slowly shrinking, the business model of choice has become being dually registered advisors.
Average Size of Advisor M&A Deal Jumps in Q2: Schwab
Newly released data from Charles Schwab Advisor Services of industry-wide M&A activity among RIAs for the first half of 2011 reveals a significant jump in the average deal size.
M&As for RIAs Had Record Year in 2010: Schwab Advisor Services
David DeVoe, Schwab Advisor Services managing director, said Schwab saw a record-breaking uptick in M&A activity among RIAs in 2010.