The RIA M&A market stumbled in 2012, but giants were not deterred, Schwab end-of-year data shows
M&A activity still sickly slow by some reckonings, but harbingers of mating activity abound
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March 25, 2023 at 1:32 AM
Fidelity lands RIA whisperer from Schwab in a coup, apparently using quality-of-life perks as lure
Kelly Smith chose the Boston rival for greater flexibility, better pay and a chance to move upmarket to sell family office services to RIAs that mix with the ultra-high-net-worth elite.
February 10, 2023 at 3:39 AM
RIA recap: Bernie Clark promises to 'be there' for coming TDA-Schwab system snafus; Fidelity gets custody win; Vanguard dishes out big tax bill to investors
Schwab RIA chief petitions for 'patience' for coming merger inconveniences but 'repapering' is no culprit; Carrie Pomerantz gets Schwab board seat; Addepar wins $65 billion AUM contract.
November 3, 2022 at 1:59 AM
Dan Seivert's ripping success in RIA M&A deals has odd side effect of having some sidearm staff leave for new vistas
Carolyn Armitage and Mark Bruno left to mutual benefit, while Echelon Partners roars on, feeding the beast of deal-crazed RIA buyers and sellers.
July 20, 2021 at 1:17 AM
DeVoe & Company
Consulting Firm
Top Executive: David DeVoe
Park Sutton Advisors, LLC
Mergers and Acquisition Firm
Top Executive: Steven Levitt
Elmer Rich III
We represent buyers and sellers in RIA and retirement TPA transactions. Our experience is that valuations are artificially low, based on the past and current bad economic “mood”, so sellers are incented to wait until the general feelings of the industry get more realistic.
We also do valuations and find that often firms are significantly undervalued. Again, mainly based on the emotional trauma and a holdover from the crisis, when valuations went to very low levels. Valuations based on feelings about market pessimism or optimism are an onstacle to business transactions – for all parties.
