 RIAs who are affiliated with consolidators and private equity are taking advantage of the capital and M&A expertise now at their disposal that they didn't have before."David DeVoe, managing partner and founder, DeVoe and Company |
A new driving force in RIA M&A
Charles Paikert | Financial Planning, February 2017
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Summary: Subacquisitions, the purchase of a smaller RIA by a larger firm that itself had been previously acquired, have nearly quadrupled since 2014 and now comprise 22% of all M&A transactions by established RIAs, according to DeVoe & Co.'s latest industry report.
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