From Financial Advisor IQ
Added on February 2017 in M&A Issues
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Summary: In acquiring Duckworth Wealth Advisors this month Mercer Advisors did more than add tax-preparation capabilities to an already broad service roster.
The move, which has taken Santa Barbara, Calif.-based Mercer from zero acquisitions in its first 31 years to a blistering six since the fall of 2015, merely primes the firm to extend the streak for another 36 months — at least.
From InvestmentNews
Added on February 2017 in Other Ideas
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Summary: Common online habits and marketing strategies of advisers may be breaking all the digital rules without them even knowing it. Scott Steinberg, author of Netiquette Essentials, which was recently updated, said firms should avoid making these social media mistakes if they want to demonstrate proper digital manners.
From Financial Planning
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Summary: Startups like Finhabits represent the broadening of digital advice offerings into even more niche audiences, fintech execs and observers say. Garcia, founder of Finhabits, notes the higher fees are accepted by his clients because the specialized platform's presence in those communities is a value in itself.
From ThinkAdvisor
Added on February 2017 in M&A Issues
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Summary: When it comes to mergers and acquisitions of RIAs, much attention has rightly been given to "rollup" or consolidator firms like Focus Financial, United Capital and Dynasty. But the latest data published Feb. 9 in the Nuveen/DeVoe RIA Deal Book reveals another face of the consolidator trend: sub-acquisitions by those consoiidators’ partner RIA firms accounted for 12% (or 19) of all 142 deals last year, and 22% of established RIA firm transactions in 2016, amounting to a “breakout year for sub-acquisitions." The average size of those acquired RIA firms was over $1 billion in AUM.
From Financial Advisor IQ
Added on February 2017 in M&A Issues
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Summary: For advisors, the sale of their practice or firm may be the largest financial transaction they will ever handle and often represents their largest personal financial asset. As a result, it’s important to take the process seriously and begin to develop a timeline and a long-term strategy in order to achieve your goal of a smooth exit.
