The Proliferation Of Upstart Boutique Wealth Management M&A Firms
Experts From SEIA, AlphaCore, DeVoe, Turkey Hill, Hue Partners And Lone Willow Discuss What’s Behind The Rise Of New M&A Shops, And Where The Market Is Headed
Wealth Solutions Report 9/18/24 (Written by Larry Roth, Co-Founder of Ascentix)
Firms such as DeVoe & Company, ECHELON Partners, Berkshire Global Advisors and Republic Capital Group have long been popular in the independent wealth management space for prominent M&A deals, but the sheer number of would-be sellers requires more M&A shops to handle the supply. Meanwhile, the dominance of private equity firms and PE-backed wealth management firms as buyers creates constant demand.
Enter the upstart boutique rivals that have started hitting the market. These include Turkey Hill Management, Hue Partners and Lone Willow Advisors. Of course, scope of resources and brand recognition still matter – especially for wealth management firms with long-term strategic goals, payouts and founder legacies all riding on these deals – so choosing the right M&A shop is a crucial decision.