Mergers & Acquisitions
Watch breaking news videos and read news updates about Mergers & Acquisitions on investmentnews.com
Goldman Sachs explores liquid alternatives in the ETF world
The Goldman Sachs Group Inc. is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11 ETFs with $1.2 billion in assets, over 80 percent
Advisory firms aren't worth as much as owners think
Despite high prices in this seller's market, Cerulli study finds advisers still unrealistic about what their practices are worth.
Wood Investment Counsel, Obermeyer merger makes a mountain of an RIA
The merger of two prominent Colorado advisory firms has earned them the top spot in wealth management in the state.The combination of Wood Investment Counsel of Denver and Obermeyer Asset Management of Aspen will manages $1.7 billion assets — beating out Weatherstone Capital Management of Denver,
Wunderlich acquires wealth management assets of Dominick & Dominick
The transaction follows several similar deals in recent months — and the trend is likely to continue.
RCAP buying Cole Advisor for $700 million
Nicholas Schorsch's RCS Capital has agreed to buy Cole Capital, which he also controls. Plus: See our map of the REIT czar's empire
Snowden quietly reaches $1B AUM milestone
As firm picks up $400 million UBS team, execs say it is fully capitalized and on its way to around 100 advisers in its partnership.
Bruton makes first acquisition as CEO of Lucia Capital Group
Derek Bruton didn't waste any time putting his imprint on Lucia Capital Group, striking a deal for the managed equity and fixed-income accounts of West Coast Asset Management, a registered investment advisory firm with $170 million in assets.
Ladenburg Thalmann to buy Securities Service Network for $45M
Cash and stock deal values the firm, with about 450 independent reps and advisers, at 39.4%, lower than other recent deals.
Adviser M&A activity suggests sellers firmly at the helm
Practice values continue to increase for advisers, but that doesn't mean the market for advisory firms has peaked, said Brad Bueermann, chief executive of FP Transitions, at the Financial Planning Association annual conference in Seattle on Sunday.
How do you buy a relationship?
When purchasing a firm, advisers enter contact with an unpredictable asset: clients.
FolioDynamix wealth platform acquired in $199 million deal
Cloud tech firm Actua will acquire an approximately 97% primary equity interest.
Advisers boost assets by 21%, helped by new clients, market gains
It's a good time to be an adviser, new InvestmentNews study shows, as assets, revenue, profit margins all climbed last year.
A user's guide to this week's "Fedspeak"
On this morning's Breakfast with Benjamin menu, a guide to the Fed's upcoming comments, Calpers sends hedge funds out to pasture, getting on the stock-split bandwagon, and more.
Meet the next wave of $1B advisory firms
This is an excerpt from the 2014 InvestmentNews Financial Performance Study of Advisory Firms. To order the full study (available now), click here.
Advisers struggle to make acquisitions work
In the wake of acquisitions, only about 25% of advisers were “very satisfied” with buying another adviser's book of business, according to a new survey.