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
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.
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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.
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DeVoe & Company
Consulting Firm
Top Executive: David DeVoe
Park Sutton Advisors, LLC
Mergers and Acquisition Firm
Top Executive: Steven Levitt
