RIA Valuation Insights

A weekly update on issues important to the Investment Management industry



Industry Trends

What’s Driving RIA M&A?

Global M&A activity has plummeted, and RIA consolidators have seen skyrocketing debt costs and eroding capital positions. Despite this, RIA M&A continues with little abatement. In this post, we dive into the factors supporting the relative strength of the RIA M&A market.

Energy Valuation Insights Special Topics

Saudi Arabia, Russia, or the United States – Did One of the Players Blink?

It’s been a truly dizzying time in the rough-n-tumble world of oil production.  Like they say, if you miss a day, you miss a lot.  For now, it at least appears that someone may have just blinked.  The Trump administration seems to be on the verge of a truly historic deal to cut worldwide oil production and bring oil prices up to a modestly workable level.  And that with the U.S. not committing to forcing domestic producers to cut production levels but indicating that U.S. production would “naturally” decline without the government’s intervention. That coupled with a potential side-deal with Mexico to “cover” part of the production decrease that was being sought from that country, but that Mexico is unwilling to shoulder on its own. Will it work?  Will the deal be accomplished? Although an agreement was reached to reduce oil production in light of demand destruction caused by the coronavirus pandemic, oil markets appear to remain oversupplied.  Will OPEC+ and other nations agree to another deal to further reduce production?  Will U.S. production decline faster than anticipated due to low oil prices? Will the Texas Railroad Commission implement proration orders for Texas producers? All we can say is, stay tuned – and expect the unexpected.


Available Now: September 2014 Bank Watch

The September 2014 issue of Bank Watch is available now, which features the article “Boston Private Bank &
Trust Company Acquisition of Banyan Partners” written by Matt Crow and Brooks Hamner. This article is reprinted from Mercer Capital’s Asset Management Industry newsletter (Q2, 2014).


Available Now: June 2014 Bank Watch

The June 2014 issue of Bank Watch is available now, which features the article “Complacent Investors May Need to Reassess the Earning Power of Some Acquirers” written by Jeff Davis. Jeff is a regular editorial contributor to SNL Financial. This … Continued


Mercer Capital Participating in Banks with ESOPs Seminar

Sponsored by The ESOP Association, Banks with ESOPs is a special seminar on the unique challenges of creating and operating an ESOP sponsored by a bank or similar regulated financial entity. Andy Gibbs, leader of Mercer Capital’s Depository Institutions team, will be attending. Tim Lee, managing director, will serve as moderator for the session, “Bank Valuation and Accounting ESOP Considerations.”


Tim Lee Appointed to Valuation Advisory Committee of the ESOP Association

Timothy R. Lee, ASA, Managing Director of Corporate Valuation, was recently appointed to the Valuation Advisory Committee of The ESOP Association. The ESOP Association’s Valuation Advisory Committee is a panel of noted ESOP professionals from across the country that advise the Association on topical issues related to valuation.

Value Matters 2013-02 Available Now

The newest issue of Value Matters™, Mercer Capital’s newsletter addressing gift and estate tax, ESOP, buy-sell agreement, and transaction advisory topics of interest to estate planners and other professional advisors to business, has been published. The focus for this issue is corporate valuation with the lead article, The Management Interview: Why It’s an Important Piece of the Valuation Process and What You Should Expect.


Davis & Lee Quoted in Press Regarding M&A Prospects in 2013

Jeff K. Davis, CFA, Managing Director of the Financial Institutions Practice and Timothy R. Lee, ASA, Managing Director of the Corporate Valuation Practice were recently quoted in two separate publications on the topic of M&A in 2013. Both Davis and Lee have substantial experience helping depository institutions and middle-market companies transact.

Investment Management

Mercer Capital provides RIAs, trust companies, and investment consultants with corporate valuation, litigation support, transaction advisory, and related services