Advisor M&A Post-Covid: Winners and Losers

May 4, 2020

Advisor M&A Post-Covid: Winners and Losers

CONSOLIDATION IN THE RIA SPACE has accelerated steadily for the past decade, in part because aging firm principals have sought to cash out and retire. But a good number of owners, enjoying steadily rising assets and revenue courtesy of the long bull market, procrastinated.

Those folks “are likely having a lot of regret now,” says David DeVoe, head of the M&A consultancy DeVoe & Co. In short, March’s market plunge was a blunt reminder that firm values can fall as well as rise.

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