 Acquisitions help, but you still have to back it up with ongoing growth. I know a lot of firms with $1 billion in assets but only $5 million in revenue."John Furey, principal and founder, Advisor Growth Strategies. |
Summary Consolidation in the independent space is turning large firms with $1 billion in assets into $10 billion enterprises — putting pressure on small and midsize firms who do not envision selling.
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