 If small firms were doomed to fail whenever they have to compete against larger ones, the profession would never have existed to begin with."Bob Veres ,publisher, Inside Information. |
Not so fast big boy: Small RIAs will survive M&A trend
Bob Veres | Financial Planning, August 2016
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Summary: There is no question that the planning profession is currently experiencing a period of consolidation. Smaller firms are merging to create multi-partner entities, more often than ever before. Larger firms are buying practices that never created a viable succession strategy. At every conference I attend these days, I hear hallway conversations about the advantages of scale.
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