Special Report: Efficiency vs Independence equals stalemate in adviser acquisitions
A fragmented legion of independent financial advisers controls a growing share of the retail investment business. Meanwhile, an increasing cadre of larger financial services companies is on the prowl to buy these firms.
Sounds like a recipe for deal after deal, right?
Actually, apart from isolated acquisitions, the deals in the financial planning world aren't happening, frustrating both would-be buyers and sellers.
"We've been re-evaluating (our acquisition strategy) almost on a daily basis," gripes Jeff Joseph,
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