See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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Advisors are bullish on the industry’s prospects for continued M&A, although challenges, such as a lack of confidence that the next generation can afford to buy them out, abound, according to a recent DeVoe & Co. study.
LPL's branch recruiting is up 45% over a year ago, as the broker/dealer increases recruiting support and opens up the lines of communication to hybrid firms.
Despite a red-hot M&A environment in RIA land, the cost to buy a firm is not yet excessive, argued participants at Echelon Partners' recent Deals & Dealmakers Summit. Still, a market downturn could slash valuations dramatically.
UBS announced it has raised $225 million from its private clients for the $1 billion KKR Global Impact Fund as part of a five-year plan to mobilize private wealth for public good.