Family Wealth Report | May 25, 2022
A firm involved in a significant wealth sector M&A deal talks about its move and about the wider mergers and acquisitions environment for a sector that has seen a lot of transactions in recent years.
RIABiz | May 12, 2022
The New York City rollup buys at private prices then sells at public valuations, but now the CEO’s buying at public share prices in some ‘privately negotiated transactions’ hoping for a bounce
RIABiz | April 8, 2022
The Toronto firm already laps the RIA M&A field in deal flow and buzz but an IPO is only worth it if investors cooperate by seeing a much higher value separated from the old cash cow in Canada
RIABiz | February 28, 2022
The Toronto owner of Cherry Hill, N.J.-based TD Bank is adding First Horizon and its 412 branches to its growing U.S. footprint — sweeping East to West
Family Wealth Report | February 28, 2022
It is vital for advisory firms to review those agreements before partners face a crisis or an impending sale to make sure that partners can transition ownership smoothly, ensure liquidity and avoid expensive litigation.
Financial Planning | February 21, 2022
Where you should work. How you should serve HNW clients. Cerulli’s latest report tells you six trends that are top of mind in the industry.
RIA Biz | January 27, 2022
CEO Shirl Penney could consolidate power by cashing out elder statesmen Harvey Golub and Todd Thomson, opening the door to his own vision for growth.
Barron’s | December 10, 2021
The big RIA buyer offers rosy growth projections, but fierce competition—and differing business models—may be a hurdle.
Mindy Diamond on Independence Podcast | September 23, 2021
M&A activity in the RIA space enjoyed a continual rise over the last several years, fueled largely by sellers looking to solve for scale, succession and monetary goals, and a cadre of well-funded buyers seeking to capitalize on potential opportunities.
Financial Planning | August 17, 2021
The California-based firm’s latest $1 billion RIA grab is just the start, its leaders say.
Financial Planning | July 30, 2021
His embrace of volatile cryptocurrencies for mainstream investors is a major shift from the cautious world of fiduciary advice that’s synonymous with his namesake firm.
RIA Biz | July 29, 2021
The Menlo Park, Calif.-based phenom’s founders become billionaires but Goldman Sachs and J.P. Morgan get their cut of the IPO, and the bulk of the trade spreads go to the Street’s giant trading houses like Citadel and others.
Family Wealth Report | June 23, 2021
There’s no reason, wealth industry figures say, why there won’t be more busy M&A activity affecting the RIA space. So far this year there has been a burst in transactions, then a drop, followed by a recovery. What’s driving deals, and where is this sector headed?
Financial Planning | June 21, 2021
Can Edelman Financial Engines keep its star quality under private equity owners — with its founder gone?
Advisorpedia | March 17, 2021
For this special edition of The COO Roundtable, Matt recorded live from Mercer Capital’s inaugural RIA Practice Management Insight’s conference. This virtual conference “focused on back of the house (operational) issues that are as vital to success as they are easy to ignore.”
Bank Director | February 8, 2021
Mergers and acquisitions are examined as part of Bank Director’s Inspired By Acquire or Be Acquired.
RIA Biz | November 12, 2020
The New York rollup bought $9 billion of AUM, but CornerStone Partners is still an OCIO for non-profit institutions with a set of challenges unique to its niche.
Family Wealth Report | October 5, 2020
Compensation, recruiting, retention, and equity are the main factors that cause wealth management firms’ owners sleepless nights. Where does equity fit into the picture and how can organizations understand its role better in taking businesses in the right direction?
RIA Biz | October 1, 2020
Fed Board member Lael Brainard voted ‘no’ on creating a new category killer but the San Francisco discount broker and RIA custodian got what it wanted; Schwab, TD Ameritrade shares rise on the news.
Pensions & Investments | August 10, 2020
Publicly traded money managers saw their assets under management rebound in the second quarter, even as revenues were slower to recuperate from COVID-19-related drawdowns felt in the first quarter.
Michael Kitces’ Financial Advisor Success Podcast | June 2, 2020
In this episode, Michael Kitces talks in-depth with Elizabeth Nesvold about how an investment banker looks at the valuation of an advisory firm.
PFI Advisors | April 21, 2020
Bad companies are destroyed by crisis. Good companies survive them. Great companies are improved by them. Matt Sonnen of PFI Advisors discusses the importance of using this time as a wake-up call to focus on the health of your business.
RIA Biz | April 18, 2020
The San Francisco broker paid cash in March to workers amid challenges of the pandemic as trading exploded, retail calls spiked 16%.
RIA Biz | February 21, 2020
The Boston firm repeopled, rebranded, remodeled, and then locked down its advisors with $100 million, paving the way for the next owner — if the $2-billion price is right.
FinancialPlanning | February 21, 2020
The RIA’s revenues blow past $1 billion but, industry observers not fierce competition among rival buyers.
FinancialPlanning | January 29, 2020
The Wall Street giant reveals how it plans to capture a bigger share of high-net-worth and mass affluent markets.