Echelon Partners has launched a sister company, RIA Valuations, to provide comprehensive valuation services to the independent RIA industry.
Echelon CEO Dan Sievert will discuss the new business this Wednesday at the Pershing Insite conference in San Diego.
“Valuation always has been part of our three-prong business model, along with consulting and investment banking for wealth and investment management companies,” said Seivert in an interview.
“We’ve been incubating RIA valuations for the last six months,” he explained.
Starting the second business was “a strategic decision we made based on the notion that we are going to be better at all the valuation models we do by giving [this focus] its owns business with its own life, brand and specialization,” the CEO says.
Over the past 15-plus years it has been in business, Echelon has done more than 1,000 valuations for many different types of wealth management firms and investment managers, according to Seivert.