Larry Roth links consulting firm with Berkshire Global Advisors

Larry Roth links consulting firm with Berkshire Global Advisors
The former IBD exec positions his new firm to ride the M&A wave.
SEP 12, 2018

Larry Roth, the former CEO of Cetera Financial Group and AIG Advisor Group who is now an industry consultant, has formed an alliance with middle-market investment bank Berkshire Global Advisors to help facilitate acquisition activity within the financial services industry. Mr. Roth, 60, launched New York-based RLR Strategic Partners a year ago to help various businesses, including financial technology and private equity firms, expand their presence in the wealth management space. "This business is designed to help firms in the wealth space to develop strategies for growth," he said. "I'm focused on growth strategies for retail wealth management, and a big part of that retail wealth is mergers and acquisitions." Central to RLR's approach is a focus on enhancing or building business models that prioritize strategies and technologies that connect firms, professionals and consumers in innovative ways, while shedding costly and inefficient legacy operations and financial structures that no longer add value, according to Mr. Roth. The firm's clients today encompass registered investment advisers, hybrid RIA and RIA aggregators, private equity firms active in the wealth management space, asset managers and fintech companies, from venture-backed start-ups to more established enterprises. "If someone is interested in acquiring a wealth manager, etc., they would hire Berkshire to help target and negotiate the acquisition," Mr. Roth said.

Latest News

Why the off-channel comms problem is far from solved
Why the off-channel comms problem is far from solved

Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."

FINRA penalizes another broker dealer for social media miscues
FINRA penalizes another broker dealer for social media miscues

FINRA has been focused on firms and their use of social media for several years.

Advisor moves: LPL recruits Merrill alum, Raymond James adds defectors from Edward Jones and Janney
Advisor moves: LPL recruits Merrill alum, Raymond James adds defectors from Edward Jones and Janney

RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.

Cantor Fitzgerald to acquire hedge fund unit from UBS
Cantor Fitzgerald to acquire hedge fund unit from UBS

The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.

Navigating life’s big transitions for women clients
Navigating life’s big transitions for women clients

Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.