The Wire

March 30, 2022

Will 2022 see an RIA white whale — a mega mega-deal?

The mergers and acquisitions market for registered investment advisers has started the year in a relative burst of calm after ending 2021 at a frantic and record-breaking pace.

Last year was a spectacular year for RIA M&A. But could 2022 be the year when a mega mega-deal between two huge RIA aggregators finally occurs? Plenty of signs point that way.

March 28, 2022

6 key trends for RIAs as mergers advance at torrid pace

Wall Street’s deal-making frenzy for independent financial advisory firms is starting to look a bit different. With 2021 marking the eighth consecutive record-making year of acquisitions, several new trends are emerging. Here’s what registered independent advisory practices, or RIAs, should be thinking about, according to a new report by Advisor Growth Strategies, a management consulting and transaction advisory firm for financial advisory firms that’s based in Phoenix, Arizona.

March 28, 2022

Expert Sees Intense M&A Activity Among RIAs Holding Steady in 2022

When Brandon Kawal, a Principal at Advisor Growth Strategies (AGS), first joined the company in 2006, the firm was focused on consulting and education. “We did M&A, but we were pretty quiet about it,” he says. But as respect grew for the work that Kawal and Managing Partner John Furey were doing in the industry, demand for their skills as a partner for M&A activity grew immeasurably. The AGS team suddenly found itself at the epicenter of a powerful movement in the RIA industry.

March 28, 2022

RIA Execs Expect Continued M&A Deals Despite World Crises

The dramatic growth in the number of RIA industry firm mergers and acquisitions will not be derailed by rising interest rates or inflation, two industry executives predicted.

Although some deal makers might pause when world events or economic conditions overwhelm the news, the steady upward trajectory of M&As in the financial industry will continue, they said.

March 24, 2022

Wealth Sector M&A Valuations Keep Rising, But Pace Slows – Study

Valuations for wealth management firms in merger and acquisition deals are rising but at a slower pace with buyers becoming choosier, figures on the US sector show.

The numbers, from Advisor Growth Strategies, come after several years of strong M&A activity in the space.

March 23, 2022

Median RIA valuation rose to 9x EBITDA in 2021: Report

RIA valuations climbed in 2021, but their ascent appears to be slowing.

M&A consultancy Advisor Growth Strategies’ 2022 RIA deal report found that the industry’s median-adjusted EBITDA multiple sat at just under 9x last year, up 12% from a median of 8x EBITDA in 2020.

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