"Compound Planning, a digital family office, surpassed $2 billion in AUM, growing its AUM by over 80% since September," wrote Chris Latham from Wealth Solutions Report about our recent milestones. "The firm also added six more financial advisors, bringing its year-to-date total recruits to 21 advisors. Compound Planning now has over 30 experienced financial advisors." Read more here: https://lnkd.in/eCNM3rrp
Thank you, Chris — and your team at Wealth Solutions Report — for sharing our story!
Private Equity's appetite for wealth management firms does not seem to be suppresed in any way. Financial advisors who want to maximize the true value of their life's work need to be operating in the independent space. Your practice will have much greater value and treated more favorable from a tax perspective. If you would like to understand how a solo practitioner, or small team can potentially receive a double digit multiple valuation, simply reach out and I will share how that can be achieved. #wealthmanagement #financialadvisors
The independent wealth management space is becoming less a friendly club and more a pitiless jungle, with big firms squeezing smaller competitors, poaching talent and where organic growth, not M&A, will drive firm value. Read more >> http://spr.ly/6046Rcng8 #WMEDGE
A 30-year-old registered investment advisory firm with three financial planners and two other employees joined Edelman Financial Engines in the firm’s third acquisition of the year. See what led Suzanne van Staveren and the Edelman team to make the deal with Align Wealth Management and co-founders Brian Puckett and Dennis Packard, CFP®, with insights from John Langston, CAIA of Republic Capital Group. #mergersandacquisitions #privateequity #growthstrategies #financialplanning #financialadvisors #rias #wealthmanagement
The independent wealth management space is becoming less a friendly club and more a pitiless jungle, with big firms squeezing smaller competitors, poaching talent and where organic growth, not M&A, will drive firm value. Read more >> http://spr.ly/6045Rcnw3 #RIAEdge
Quo vadis, RIA aggregators? Creative Planning's acquisition of former United Capital Financial Advisers, LLC from Goldman Sachs is ringing in the next chapter for one of the original RIA aggregators. The firms that shaped this space such as Focus Financial Partners, Hightower Advisors, and United Capital Financial Advisers, LLC all started out 15+ years ago, each with a somewhat different business and operating model, but having in common that they leverage capital to make acquisitions in an RIA market that is inherently fragmented. While it is undisputed that there is enterprise value being created by acquiring and integrating small- to mid-sized RIA firms into larger entities, it is still unclear what the ultimate, long-term ownership structure of RIA aggregators will be. The market has seen many twists and turns and many frustrating experiences along the way. We have seen two key events in recent months: (i) Focus Financial Partners' going public and soon after returning to private equity ownership and (ii) United Capital Financial Advisers, LLC having been acquired by Goldman Sachs which in turn sold it on to an RIA aggregator only a few years later as it could not make the business model work within its corporate structure. Neither being subjected to the quarterly reporting cycles of a public company nor being owned by large financial institution/bank seems to be conducive to the RIA aggregator model. It is no surprise that private equity firms seem to understand the M&A-based playbook of RIA aggregator firms the best and are a good home for these firms at least during their active growth phase. Only time will tell what other strategic ownership options will be viable for RIA aggregators. Please read some of the great stories around Creative Planning/United Capital Financial Advisers, LLC, I had the pleasure to contribute to this week: - https://lnkd.in/eyB792zW by Andrew Welsch (Barron's Advisor) - https://lnkd.in/eZNfdC7m by Brianna Monsanto (Financial Advisor IQ) - https://lnkd.in/empEX34h by Janet Levaux (ThinkAdvisor) Please also read Gail Graham's insightful post on this topic: https://lnkd.in/e83yjz3f Happy Labor Day weekend, everyone! Cheers, Alois @ Pirker Partners
Trust is everything in wealth management. Many larger management firms focus on in-house products and services to offer the client. While it may help grow a client’s wealth, a client could potentially lose out on a more lucrative option. Learn why more investors are trusting independent firms for their wealth management needs: https://lnkd.in/gvyCxYC7 #InvestingTips #WealthManagement #WealthPlanning
In this piece penned by Rob Sandrew, Chief Growth Officer at Integrated Partners, he explores what wealth management firms should consider before acquiring top talent in the current M&A market. Reminding firms that periods of market volatility and uncertainty can serve as an opportune time for, "savvy financial advisory firms to scan for the right teams to onboard." Read more at Financial Planning: https://lnkd.in/gNkcfsym
Wealth management M&A is up, with deal volume increasing for the first time since late 2021. The uncertain market we’ve been experiencing turns out to be a good time for savvy financial firms to acquire new talent and teams, which can lead to increased AUM, revenue streams, and expanded reach. Learn more. https://lnkd.in/dkHJccs8
Scale offers the solutions, capital and expertise entrepreneurial financial advisors need to serve their clients with distinction and build strong businesses.
Scale offers the solutions, capital and expertise entrepreneurial financial advisors need to serve their clients with distinction and build strong businesses.
Stewarding wealth well.
2wGreat work