Added on August 2016 in M&A Issues
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Summary: While still a mega-deal by most measures, another view lowers its size by nearly 39%. That’s due to the fact that Tiedemann’s publicized number counts assets under advisement. Using assets under management, however, the combo’s total falls to roughly $8 billion.
Added on August 2016 in M&A Issues
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Summary: Over the last 11 years I’ve attended and participated in dozens of conferences and break-out sessions on the topic of M&A within the wealth management industry. When I am speaking or as a panel member, I often kick the session off with these questions: “By show of hands, how many buyers are in the audience?” Most hands go up. “Keep your hands up. How many have executed one transaction?” A few hands stay up. “How many of those have executed more than one?” One hand stays up, maybe.
Added on August 2016 in M&A Issues
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Summary: Yes, the merger of New York-based Tiedemann Wealth Management and San Francisco-based Presidio Capital Advisors is one of the most significant wealth management deals of the year.
Added on August 2016 in M&A Issues
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Summary: Tiedemann Wealth Management is merging with Presidio Capital Advisors, a deal that stands out in the registered investment adviser industry for its large size.
Added on August 2016 in M&A Issues
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Summary: Growth opportunities for advisory firms may need to come from acquiring individual advisers, rather than larger firms, because that's where buyers are most likely to find willing sellers, according to a new InvestmentNews/BlackRock study.
