Results for "mergers & acquisitions"

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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...

Bronfman acquisitions to push firm to $5 billion

May 10, 2017

Bronfman E.L. Rothschild has added more than $500 million in client assets so far this year through three separate deals that will push the Maryland-based advisory firm to about $5 billion in total assets. In the largest acquisition, expected...

RIA consolidation hits new high in first quarter

May 9, 2017

The registered investment adviser space rolled into 2017 by consolidating at a record clip, according to the latest report from DeVoe & Co. The first quarter report, released Tuesday morning, counts a record 44 deals during the first three months...

Western International to acquire retail assets of Financial West as Kovack Securities picks up TKG Financial

May 9, 2017

As expected, broker-dealer mergers and acquisitions are beginning to heat up, with small to mid-sized independent broker-dealers being gobbled up by larger copmpanies. Western International Securities Inc. will acquire close to 200 retail brokers...

3 missteps that could stunt financial advisers' growth

May 1, 2017

Growth ambitions can easily cloud smart judgment calls. Sometimes advisers forget to look before they leap when they want to land a new deal or venture. And what happens next can result in wasted expenditures, hidden costs and ineffective results....

Ameriprise buying bank broker-dealer, adding 200 registered representatives

April 24, 2017

Taking a page from competitors like LPL Financial and Cetera Financial Group, Ameriprise Financial Inc. said on Monday it had agreed to buy Investment Professionals Inc., an independent broker-dealer based in San Antonio, Texas, that focuses...

Asset Vantage acquires Financial Navigator

April 20, 2017

Asset Vantage Inc., a Santa Clara, Calif.,-based provider of cloud-based asset management, accounting and reporting systems, has acquired Financial Navigator Inc., a provider of accounting and portfolio-tracking software also based in Santa...

Raymond James to pay $172M for Scout Investments

April 20, 2017

Raymond James Financial Inc. has agreed to buy Scout Investments and its Reams Asset Management division from UMB Financial Corp. for $172.5 million in cash. Scout, an equity manager, and Reams, an institutional fixed-income specialist, will...

Private equity firms take controlling interest in Focus Financial

April 19, 2017

An investor group led by private equity firms Stone Point Capital and KKR is acquiring a majority stake in Focus Financial Partners, valuing the RIA rollup firm at approximately $2 billion. Selling shareholders include Focus' current private...

Focus Financial's latest private equity partnership puts IPO on back burner

April 19, 2017

Focus Financial Partners is extending its 11-year relationship with private equity investors, raising new questions about the likelihood of the RIA-roll-up going public anytime soon. An announced 70% ownership stake by PE firms Stone Point Capital...

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