What's driving the hot market? "Value and scale.Size is becoming more important."
David DeVoe, founder and managing partner, DeVoe and Co.
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Summary: [Slideshow] A major M&A trend in the RIA market appears to be on the wane — breakaway brokers are accounting for fewer transactions as fewer brokers leave wirehouse to go independent. Nonetheless, RIA mergers and acquisitions through June 30 are on pace to sustain last year's record 130 deals, according to DeVoe & Co.'s RIA Deal Book mid-year review.
What's driving the hot market? "Value and scale.Size is becoming more important."
David DeVoe, founder and managing partner, DeVoe and Co.
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