Suitcases of cash for RIA M&A deals are one COVID-19 victim, as RIA buyers leverage economic uncertainty to force more risk on sellers

June 24, 2020

Suitcases of cash for RIA M&A deals are one COVID-19 victim, as RIA buyers leverage economic uncertainty to force more risk on sellers

The COVID-19 fallout is infecting the RIA M&A market --  like it's 2015 all over again--with whittled cash and more IOUs at closing.

Buyer's are less indulgent because of the freshened fear of pandemic uncertainty. Only a year ago, they flashed cash in a way that let seller's -- more than ever before --  take the money and run, according to John Furey, managing partner of Advisor Growth Strategies.

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