Added on June 2013 in M&A Issues
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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.”
Added on June 2013 in M&A Issues
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Summary: Rebecca Pomering has spent much of her career guiding RIA mergers. But the failure of the Moss Adams-Rowling Dold merger was proof that even the best looking ones can experience unanticipated pitfalls. Rowling did not like the transition to having less control and less of a leadership role. It’s the intangibles that often determine whether the merger will be successful or not; sometimes RIAs just need to take the leap of faith and agree to some give and take.
Added on February 2012 in M&A Issues
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Summary: Three-quarters of advisors have never conducted a formal evaluation to nail down the value of their firm according to a preliminary finding from IN Adviser Solutions' first-ever study of Succession Planning in the financial advisory business.
Knowing the actual value of a firm is a critical element of a succession plan. And incidentally, just one-in-three advisory firms actually have a succession plan in place, according to the IN Adviser Solutions group's 2010 Financial Performance of Advisor Firms Study.
