Results for "mergers & acquisitions"

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Lightyear Capital takes 50% stake in $9 billion HPM Partners

January 16, 2018

Private-equity investor Lightyear Capital has taken a roughly 50% ownership stake in HPM Partners, a New York-based wealth management firm with more than $9 billion under management. The deal, announced Tuesday, shifted the ownership of HPM...

Mercer acquires multimanager BFC to boost delegated investment push in Japan

January 16, 2018

Mercer acquired Tokyo-based hedge fund multimanager BFC Asset Management Co. in a move its global wealth management chief predicts will accelerate the nascent growth of Mercer's delegated investments business in Japan. Rich Nuzum, president...

Amid seller's market for RIAs, firms must prep for potential sale

January 13, 2018

Last month, at the MarketCounsel Summit in Miami, during a panel discussion about advisory-firm valuations, Rich Gill of Wealth Partners Capital Group cited what might be 2018's most bankable theme in the financial advice space. "Our industry...

Segall Bryant & Hamill acquires Denver Investments, creating $20B wealth manager

January 12, 2018

Chicago-based wealth management firm Segall Bryant & Hamill is acquiring Denver-based Denver Investment Advisors, creating a nearly $20 billion investment management and advisory firm. Segall, Bryant & Hammil is a 23-year-old firm with $12.4...

SS&C buys DST for $5.4 billion in cash

January 11, 2018

Financial software giant SS&C announced Thursday its largest acquisition to date: a $5.4 billion cash purchase of DST Systems, a rival technology provider to asset managers, brokerages, retirement firms and health-care providers. The acquisition...

Qualified Plan Advisors acquires $4 billion retirement shop

January 9, 2018

Qualified Plan Advisors, an Overland Park, Kan.-based firm focused on defined-contribution plans, has acquired an advisory group overseeing roughly $4 billion in retirement assets, furthering the consolidation trend that's gripped the retirement...

Mercer Advisors acquires two RIAs as M&A activity heats up

January 9, 2018

Mercer Advisors bumped up its assets under management to $11.6 billion with two acquisitions, which adds fuel to a fast start for merger and acquisition activity in 2018. The Santa Barbara, Calif.-based registered investment adviser, which is...

The Colony Group adds $1.5 billion in double merger

January 8, 2018

The Colony Group, a $6 billion Boston-based advisory firm, merged with two smaller firms earlier this month, adding $1.5 billion in assets under management. Bethesda, Md.-based Bridgewater Wealth & Financial Management, which manages $1 billion,...

Hanson McClain taps private equity for first merger

January 5, 2018

Hanson McClain Advisors, tapping funds from Parthenon Capital Partners, its private equity partner, is merging with Simply Money Advisors, headed by Nathan Bachrach and Ed Finke. The combined Sacramento, Calif.-based Hanson McClain and Cincinnati,...

United Capital acquires $530 million Payne Wealth Partners

December 21, 2017

United Capital Financial Advisers has acquired the assets of Payne Wealth Partners, a registered investment adviser, in Evansville, Ind. The firm's 13 staffers managed $530 million in assets spread out among 300 households. Headed by Taylor...

RIA sellers need their own Zillow

December 20, 2017

As the financial advisory space ramps up for another year of anticipated record merger and acquisition activity, it is worth pondering whether advisory firms could benefit from a Zillow-like model for valuing the firms making up the fragmented...

Anchor Capital buys back majority stake from Boston Private

December 20, 2017

Anchor Capital Advisors, a $9 billion independent asset manager and wealth advisory firm, announced Wednesday that it was regaining majority ownership after purchasing back the equity stake it sold to Boston Private in 2006. After the transaction...

Three keys to succession planning

December 15, 2017

The advisory profession is a noble one, wherein participants are entrusted with the important responsibility of helping clients to accumulate wealth, plan for the future and retire comfortably. However, the industry is at an inflection point....

FS Investments parts ways with Blackstone, announces new partnership with KKR

December 11, 2017

FS Investments, the leading sponsor of nontraded business development companies, took the first steps Monday that will lead to liquidity events for investors and the creation of a giant, $18 billion listed company. First, FS, which launched...

Why private equity wants a piece of the RIA market

December 9, 2017

The secret is out: The independent financial advisory space is the hottest growth-investment strategy for deep-pocketed private investors. "We've seen private equity money ebb and flow over the years, but over the last few years we've seen a...

Wentworth buys Purshe Kaplan Sterling

December 5, 2017

Independent broker-dealer mergers and acquisitions continue to heat up as a buyer of wealth management businesses, Wentworth Management Services, said on Tuesday afternoon it acquired Purshe Kaplan Sterling Investments, a boutique firm that...

Broker-dealer M&A: Is your firm next?

December 5, 2017

It seems obvious at this point that consolidation is a massive trend in the broker-dealer space. According to Finra, registered broker-dealers have been in steady decline for several years, dropping from 4,456 in 2011 to 3,869 at the end of...

New RIA aggregator enters 401(k) market

November 30, 2017

Hub International is a neophyte among so-called RIA aggregators focused on the retirement plan market, but it's making a grand entrance that signals competitive heft and further hints at a growing consolidation trend among plan advisers. Aggregators...

RIA valuations too specific to base on other sales

November 15, 2017

Financial advisers looking to catch a ride on the consolidation wave by putting their firm up for sale should be open to the reality that valuations are often more art than science. "Stay out of the valuation trap by worrying less about what...

Echelon: RIA M&A slowdown not due to fewer breakaway advisers

November 15, 2017

A new report from Echelon Partners confirms that merger and acquisition activity among independent advisory firms was slower in the third quarter of 2017, but doesn't attribute the dip to a decrease in the number of reps leaving brokerage firms....

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