Noting that 2020 has been a strong year for deals involving registered investment advisory firms, FP Transitions projects it will handle 22 transactions totaling $35 million in the third quarter and 16 transactions with volume of $30 million in the fourth quarter.
“If our projections are correct, 2020 could outperform 2019,” said CEO Brad Bueermann.
The firm said it closed the second quarter with roughly $43 million in total deal volume, representing an aggregate transfer of $1.73 billion in assets under management.
“That exceeded our expectations by almost 18%,” Bueermann said.
Commonwealth Financial joins a number of firm that have recently cut jobs.
A slow drip of disclosures, an executive exit, and a stock that fell hard before the suit landed
New research finds unpaid caregivers are more likely to struggle with debt, lower savings and diminished retirement confidence than non-caregivers.
Large broker-dealers and registered investment advisors have, since 2020, been developing or sticking to strategies and tactics to combat the pain of intense, short-term market volatility
Centaurus Financial touts its independence as a key selling point at a time when many firms are being swallowed up.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
