 Given RIAs enthusiasm for mergers and acquisitions, coupled with the strong flows recorded to date, we believe there will be an increase in appetite for deals among RIAs moving forward if the economy improves and capital and liquidity becomes more accessible.”
Jon Beatty, Senior Vice President of Schwab Advisor Services.
|
Summary: M&A activity for the first quarter of 2013 is off to a slow start according to Schwab’s report. An increased number of RIA firms are looking to buy and a decreased number are looking to sell. David DeVoe of DeVoe and Company expects to see over 100 external sales per year. The article postulates that sellers are waiting for “the right environment.”
Be the first to comment on this Article
