Results for "mergers & acquisitions"

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Private equity investors zero in on the RIA business

August 9, 2017

Private equity has discovered the financial advice industry, which can represent a whole new set of opportunities — and challenges — for advisory firms. "The appeal for us is, it provides some capital to help us continue to grow," said Scott...

Kestra Financial acquires 600-rep H. Beck

August 8, 2017

The market for independent broker-dealer mergers saw its second sizeable deal in as many weeks as Kestra Financial Inc. said Tuesday it had acquired a 600 rep and adviser firm owned by insurance company H. Beck Inc. Terms of the deal were not...

PlanPlus and FinaMetrica merge

August 7, 2017

PlanPlus, a Toronto, Canada-based provider of financial and investment planning software, and FinaMetrica of Sydney, Australia, which offers risk-tolerance measurement tools, have merged to create PlanPlus Global. Shawn Brayman, founder of PlanPlus,...

Thrivent acquires $7 billion RIA Ronald Blue & Co.

August 2, 2017

Thrivent Financial, which manages and advises on $116.5 billion in assets, has acquired the assets of Ronald Blue & Co., an RIA firm in Atlanta managing $7 billion in assets. Terms of the acquisition were not disclosed. The RIA firm will become...

Hanson McClain sells majority interest to private equity firm

July 27, 2017

Hanson McClain Advisors, a Sacramento, Calif.-based registered investment adviser managing $2.4 billion in assets, has sold a controlling interest to Boston-based private equity firm Parthenon Capital Partners for an undisclosed sum. The firm...

United Capital buys three RIAs, adds $758 million

July 25, 2017

United Capital Financial Advisers announced the acquisition of three separate independent financial advisory firms, with $758 million in combined assets under management. The deals, marking United Capital's first this year, bring the Newport...

Near-record pace of M&A continues for RIA firms

July 24, 2017

While slower than the torrid pace of consolidation in the first quarter, a near-record 38 RIA firm deals took place in the second quarter, according to the latest report from DeVoe & Co. The April-through-June total of mergers and acquisitions...

National Holdings' acquisition of broker-dealer WFG Investments and its 200 advisers called off

July 17, 2017

National Holdings' deal to acquire WFG Investments, an independent broker-dealer, has fallen apart. Wilson Williams, the chairman and CEO of Williams Financial Group, the parent of WFG, said in an interview on Monday that selling the firm's...

DFPG Investments acquires RIA managing $220 million

July 14, 2017

DFPG Investments Inc., a broker-dealer and registered investment adviser in Salt Lake City, Utah, has acquired Provo, Utah-based Riggs Capital Management, which manages $220 million in assets. The addition of Riggs Capital, brings DFPG's assets...

Mercer Advisors acquires $160 million RIA

July 12, 2017

Mercer Advisors Inc., a Santa Barbara, California-based RIA managing $10.6 billion in assets through several firms, has acquired Wealth Design Services (WDS), a Rochester, New York-based RIA, which manages approximately $160 million in assets...

Why financial advisers need to actively manage their continuity plans

July 5, 2017

Consider this scenario: An adviser, let's call her "Nancy," has worked hard during her career to build a solid business. After decades, her practice has become everything she dreamed it would be: she has 100 loyal clients who respect and trust...

AssetMark offers advisers free tool to value their business

June 27, 2017

AssetMark Inc., a Concord, Calif.-based provider of investment and consulting services for advisers, has launched a free, online tool designed to help advisers determine the estimated value of their business. The tool also identifies areas of...

Thinking about M&A? Keep these three issues in mind

June 20, 2017

Mergers and acquisitions have the potential to accelerate the growth and profitability of financial advisory firms if they're properly planned and executed. To improve their likelihood of success, advisers need to ask some tough questions up...

Chicago-based DiMeo Schneider buys Orion Investment Advisors

June 16, 2017

DiMeo Schneider & Associates, a Chicago-based investment consulting firm, is buying Orion Investment Advisors, an RIA firm in McLean, Va., that manages and advises on $1 billion in assets. All 11 Orion professionals will join the 70 associates...

Whole Foods-Amazon deal — which funds have the biggest stakes in the merger

June 16, 2017

Shares of Whole Foods Markets (WFM) soared 29% Friday on the news that Amazon (AMZN) would buy the company for $13.7 billion, but some of the funds — other than Vanguard — with the biggest stakes in the merger aren't exactly household names....

RIA firms ride consolidation wave

June 3, 2017

Against the backdrop of the relatively short history of modern financial planning, it appears there has never been a better time than now to be participating in this industry. Many of the things often identified as challenges, including regulatory...

RMB Capital acquires VennWell

May 31, 2017

RMB Capital, a diversified RIA firm headquartered in Chicago with more than $6.7 billion in assets under management, has acquired VennWell, a financial planning and investment management firm in Lake Forest, Ill., that manages $250 million in...

Focus Financial inks record RIA deal with SCS Financial

May 15, 2017

In its largest deal yet, RIA consolidator Focus Financial Partners has acquired a majority stake in the revenue stream of Boston-based SCS Financial, a $16.5 billion financial planning firm. The deal, which is Focus' 10th so far this year, represents...

National Planning loses $420 million indie to FSC

May 11, 2017

Financial Independence, an independent advisory firm managing $420 million in assets, has changed its affiliation from National Planning Corp. to the FSC Securities subsidiary of the Advisor Group, Inc. The advisory firm, which is based in Bloomfield...

Private equity adds fuel to 401(k) record-keeper consolidation

May 11, 2017

Just as 401(k) record keepers cry poverty, claiming there are no profit margins left and fueling consolidation, private equity has jumped in, perhaps seeing value that traditional record keepers are missing. What's causing this consolidation...

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