Advisor Innovations: Trends in RIA M&A with David DeVoeAdvisor Innovations: Trends in RIA M&A with David DeVoe
Devoe & Co. CEO David DeVoe on what's driving the biggest changes in the RIA industry.
June 22, 2021
Sponsored by LPL Financial
Despite the pandemic, RIA mergers and acquisitions have continued at a rapid clip.
In this episode, David Armstrong, editor-in-chief of WealthManagement.com, speaks to David DeVoe, founder and CEO of DeVoe & Company, to discuss what is changing in the industry for investment advisory firms, what firms are driving the wave of deals and the biggest risks to RIAs.
DeVoe & Company founder and CEO David DeVoe
David shares:
How $1 billion-plus RIAs are driving the record-breaking activity in deals;
What “META” RIAs are, and how they will change the industry;
The percentage improvement in a firm’s valuation that comes from a mere 1% boost in growth;
The numbers that dispel the myth of the “seller’s market” for RIAs;
How his own journey as an entrepreneur began in the surf shops of Santa Barbara, Calif.
