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DeVoe: Second Quarter RIA M&A Is Slow But Healthy

RIA Edge
 
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RIA Edge Newsletter

AUGUST 6, 2024

Top Stories

DeVoe: Second Quarter RIA M&A Is Slow But Healthy

Diana Britton

RIA M&A activity has plateaued in recent months, but 2024 is still on track to surpass 2023 volume, according to DeVoe & Company’s latest RIA Deal Book.

FULL ARTICLE

Focus Merges $3.6B HoyleCohen Into Colony

Diana Britton

HoyleCohen is the latest to be brought into The Colony Group as part of Focus Financial Partners' consolidation strategy.

FULL ARTICLE

Fidelity Brings Bundled Tech Tools to Small and Mid-Sized RIAs

Diana Britton

A new all-in-one tech stack includes components of Wealthscape, eMoney, and Advyzon, while an advisory bundle includes Wealthscape, eMoney and FMAX Essentials, a slimmed down version of FMAX.

FULL ARTICLE

RIA News

Massachusetts Advisor Sues Hightower, Alleging Age Discrimination

Patrick Donachie

Glenn Frank alleges that the leaders of his firm told him he would “be removed from his clients’ service teams” immediately if he didn’t take a subordinate role to younger advisors, according to the suit.

FULL ARTICLE

Bluespring Acquires $1.35B Rodgers & Associates

Diana Britton

Rodgers & Associates Wealth Advisers, founded by a husband-and-wife team, represents Bluespring's fourth deal this year.

FULL ARTICLE

Boutique Investment Bank HamptonRock Launches Wealth Business

Diana Britton

David Dodson, a former Oppenheimer advisor, has joined to lead the wealth management business.

FULL ARTICLE

$200M Stifel Advisor Breaks Away to Launch RIA

Diana Britton

Advisor Lock Bingham has created Bingham Private Wealth, an RIA in San Francisco.

FULL ARTICLE

Focus Financial Partners Postpones $3.65 Billion Term-Loan Deal

Gowri Gurumurthy, Jill R. Shah and Carmen Arroyo

Focus was seeking to refinance an existing loan and fund a distribution to shareholders.

FULL ARTICLE

Private Credit Sells Funds for Small Investors as Big Ones Balk

John Sage

Interval funds are being pitched to registered investment advisors as an easy-to-sell entry into direct lending.

FULL ARTICLE

What's In My Model Portfolio

Carnegie Investment Counsel: Keeping It Simple with a 70/30 Allocation

Elaine Misonzhnik

CEO Richard Alt explains the firm’s straightforward investment philosophy.

FULL ARTICLE

RIA Edge Podcast

How Conway Wealth Prioritizes Clients’ Life Goals Beyond Investments

David Armstrong

Michael Conway shares how advisors at his firm, Conway Wealth, prioritize a deep understanding of each client’s values and put health and well-being at the center of the planning conversation.

Sponsored by Schwab Advisor Services

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Commentary

BUSINESS PLANNING

The Inclusion Trifecta: DEI, Safety and ERGs as Catalysts for Change

Lazetta Rainey Braxton

How politics is shaping the future of corporate inclusion.

FULL ARTICLE

BUSINESS PLANNING

Strategic Fundraising Options for Independent RIA Owners

Shirl Penney

Weighing the pros and cons of equity and debt financing and convertible instruments.

FULL ARTICLE
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