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While the M&A activity levels at the start of 2023 have slowed somewhat, there have been several notable developments during the first half of the year that will shape M&A and valuations over the remainder of 2023—and beyond.
In this episode of the RIA Edge Podcast, Jessica Polito, founder of investment bank Turkey Hill Management, talks with Mark Bruno about the drivers, motivators and market forces that have influenced M&A activity year to date. More specifically, Mark and Jessica discuss:
- The quality and objectives of RIAs currently engaging in M&A;
- How M&A has evolved into a strategic growth tool for firms on the rise;
- Why valuations have remained strong despite headwinds in global markets and increasing costs of capital; and
- The keys to a deal being successful “after the close.”
Resources:
Connect With Mark Bruno:
- WealthManagement.com
- LinkedIn: WealthManagment.com
- LinkedIn: Mark Bruno
- Twitter: Mark Bruno
- LinkedIn: Informa
Connect With Jessica Polito:
About Our Guest:
Jessica Polito founded Turkey Hill Management, LLC in 2021 after a long career in investment banking. Turkey Hill is built on the premise that there should be complete alignment between the M&A advisor and the wealth management client it serves. The company does not charge a “success fee” at the completion of a deal, as is done by most traditional investment banks. In doing so, the client can be assured that the advice given is unbiased and in the best interest of the client.
Jessica draws from her many years of buyside and sellside M&A experience in the wealth management space to ensure that every partnership is not just financially sound, but preserves the legacy of both sides of the deal. She lives in Westport, Connecticut, with her husband and four small children. She received her Bachelors of Science in Business Management from Babson College with dual concentrations in Finance and Economics and holds her Series 79 and 24 licenses.
