Despite 2019 being a record year for M&A activity, 2020 will likely see fewer deals consummated, due to the coronavirus, according to recent M&A reports.
A Goldman Sachs equity analyst says LPL’s pure-play brokerage model will fare better in the market volatility than Raymond James’, which relies on investment banking and capital markets.
With uncertainty around how custodians will service smaller advisors going forward, shuttering the RIA and affiliating with a larger platform seems to be a better option for many sub-$150 million advisors.