Corporate Valuation, Investment Management

October 4, 2024

RIA Market Update: Q3 2024

RIAs outperformed the S&P in the third quarter of 2024, with alternative asset managers experiencing the strongest returns amid multiple expansion. All groups examined experienced growth in AUM and revenue year-over-year. We explore further in our Q3 2024 Market Update.

RIA Market upate Q3 2025.png

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Does AI Spending Increase an RIA’s Value-or Just Reduce Its EBITDA?
Does AI Spending Increase an RIA’s Value - or Just Reduce Its EBITDA?
AI investment can create value for RIAs by improving capacity, growth, efficiency, and risk management, but the benefits must ultimately translate into stronger cash flow or reduced risk. Recurring AI costs generally remain operating expenses, making measurable adoption and returns critical to valuation.
RIA Valuation Insights Blog Investment Management
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Making Money in Money Management
Making Money in Money Management

What First Eagle and Wealth Enhancement Can Tell Us About Building Value

Asset managers and wealth managers can reach similar valuations through very different economic models, with relationships, product scalability, growth, and operating leverage shaping the path to value. First Eagle and Wealth Enhancement Group illustrate why sustainable AUM growth and durable cash flow matter more than scale alone.
RIA Valuation Insights Blog Investment Management
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The Valuation Provision in Your RIA’s Buy Sell Agreement Is Probably Stale
The Valuation Provision in Your RIA’s Buy Sell Agreement Is Probably Stale
RIA buy sell agreements can become dangerously outdated as firm values and market conditions change. Reviewing valuation provisions before a triggering event can help identify stale prices, flawed formulas, and gaps in appraisal procedures.
RIA Valuation Insights Blog Investment Management
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