M&A Optimism Amid Lofty RIA Valuations, And Rising Costs For Small IBDs
Experts From NewEdge Capital Group, Prospera Financial Services, Berkshire Global Advisors And Fusion Financial Partners Discuss What’s Driving M&A In 2024
Wealth Solutions Report 3/21/24 (Written by Larry Roth, Co-Founder of Ascentix)
Going by recent headlines, deal-making in the first quarter got off to a strong start with 2024 appearing poised to rebound from the first down year for wealth management M&A in a decade.
In January, Hightower Advisors announced that it made a strategic investment in Capital Management Group of New York (CMG), which has $3.3 billion in assets. The same month, private equity firm Constellation Wealth Capital (CWC) made investments in Perigon Wealth Management, which has over $6.5 billion, and in Lido Advisors, which has $19.1 billion.