Through Sept. 30, 60 private equity-backed wealth management firms completed mergers or acquisitions, and nine of those firms executed their first acquisition since raising capital, according to MarshBerry’s third-quarter M&A report.
The report indicates that the M&A market is evolving as capital continues to flow to the biggest established consolidators and to more and more new entrants eager to establish a presence and build their own platforms.
With this increased diversity in the market, sellers are weighing cultural fit, leadership roles and long–term growth potential, the report said.
See the gallery for six trends that emerged in the wealth advisory M&A market.
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