Mergers & Acquisitions
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RIA sales undone because of psychology
In 2014, there were 47 acquisitions of registered investment advisers involving firms with a combined $47.4 billion of assets under management, according to Charles Schwab & Co. That may sound like a like, but it constitutes only one quarter of 1% of the industry's participants.In a new research
John Sykes sells brokerage business to Ameriprise
Deal with Ameriprise could mark the end of the line for John Sykes, who, at one time, hoped to build a brokerage to rival Raymond James.
Former Cetera owner Don Marron returns to the investment advice business
Industry vet says the future lies in retail, with baby boomers retiring and workers being moved to defined contribution plans away from pensions.
Price tag is only one factor to consider when acquiring a firm
Many elements, including whether the new firm is a good cultural and technological fit, should be considered before inking a deal.
Donald Marron's Lightyear Capital in deal for majority stake in advisory firm
Donald Marron's private equity shop in deal for majority stake in Wealth Enhancement Group, a firm that handles $4.7 billion in client assets.
Focus invests in its first Canadian advisory firm
Focus Financial Partners has taken a stake in an 850 million dollar Canadian ($675 million) asset wealth manager in Montreal, representing its first investment in that country.The firm is partnering with Dorchester Wealth Management, which was founded in 1928 in Montreal and serves Canadian,
Stifel's purchase of Sterne Agee likely not its last in the broker-dealer space
The acquisition signals Stifel's interest in growing its wealth management business, though future deals depend on what's available — and at what price, according to CEO Ron Kruszewski.
M&A flat as buyers grow disillusioned
Acquisitions among registered investment advisers were flat last year, as buyers grew more selective about culture and philosophy of firms on the block.
Do-it-yourself bond traders are changing Wall Street
Breakfast with Benjamin: Do-it-yourself bond traders have become much more than just a nagging headache for Wall Street's big boys.
Selling your practice? Here are the top five things to look for in a buyer
Remember that the buyer who may be willing to pay the most financially may not always be the best fit.
Will the LearnVest-Northwestern Mutual deal lead to a culture clash?
Learnvest-Northwestern deal bodes well for fin tech firms, robos, but it's uncertain whether the financial planning service can maintain its indie culture.
$6 billion RIA Mercer sold in PE deal
Genstar Capital is buying Mercer Global Advisors, a large Santa Barbara, Calif., RIA, from former PE owners Lovell Minnick Partners. Plus: The latest ranking of fee-only RIAs by AUM
Royal Alliance acquires small independent B-D
Formerly known as First Midwest Securities, the IBD has 33 advisers and $600 million under management.
RCAP closes another independent B-D deal
Completes purchase of Girard Securities, the second independent broker-dealer acquisition in as many weeks
The robo-fication of RIA deal making
Deal making will undergo a change fueled by new technology but the most powerful approach will integrate technology and human consulting.