Transaction Advisory, Investment Management

December 16, 2019

Succession Planning for Investment Management Firms

Succession planning has been an area of increasing focus in the RIA industry, particularly given what many are calling a looming succession crisis. The demographics suggest that increased attention to succession planning is well warranted: a full 62% of RIAs are still led by their founders, and only about a quarter of them have non-founding shareholders. Yet when RIA principals were asked to rank their firm’s top priorities in 2019, developing a succession plan was ranked last. Fortunately, there are many viable options for RIA principals looking to exit the business.

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RIA Market Update: Q2 2026
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The Cause for Independence
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Building an RIA That Lasts

Private equity has reshaped the RIA market, but the next phase will test whether premium valuations can be justified through execution, retention, and durable organic growth. The strongest platforms will be the ones that add value after the deal closes, not just at the point of acquisition.
Private Equity Has Bid Up RIAs. Now Comes the Hard Part
Private Equity Has Bid Up RIAs. Now Comes the Hard Part
Private equity has reshaped the RIA market, but the next phase will test whether premium valuations can be justified through execution, retention, and durable organic growth. The strongest platforms will be the ones that add value after the deal closes, not just at the point of acquisition.

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