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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Evaluating Buyer Fit in Today’s RIA M&A Market
Evaluating Buyer Fit in Today’s RIA M&A Market
Buyer selection in the RIA M&A market is increasingly about fit, not just valuation. Strategy alignment, leadership depth, organic growth quality, and post-close integration all play a major role in determining whether a transaction creates lasting value.
From Great to Good? Koenigsegg, Ackman, and the Question of Going Public
From Great to Good? Koenigsegg, Ackman, and the Question of Going Public
As we’ve written many times in this blog, there is a puzzling disparity between the pricing of publicly traded investment management businesses and the valuations of RIA consolidators. This disparity raises many questions worth pondering – one of which is whether (or not) sponsor-backed consolidation models will ultimately be able to achieve liquidity via an IPO.
What Today’s RIA M&A Headlines Tell Us About Valuation and Succession
What Today’s RIA M&A Headlines Tell Us About Valuation (and Succession)
RIA M&A headlines can create the impression that valuation is primarily about scale and headline multiples. In reality, today’s transaction environment reflects a more nuanced assessment of risk, growth, governance, and succession readiness.

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