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Big RIA buyers flock to ECHELON M&A event ...

Big RIA buyers flock to ECHELON M&A event ...

August 30, 2024 - Daily Newsletter for RIABiz subscribers

GREAT ESCAPE
Kurt Miscinski says his firm, Cerity Partners, has achieved 'escape velocity.'
Cerity, Mercer and Summit Trail chiefs say tripling of practice buyers means multiples are staying flush, but they urge some caution to on-the-fence RIA sellers.
3 minutes ago Brooke Southall

Dan Seivert led off his firm's conference on Monarch Beach with a 10-minute talk about how surfing is analogous to RIA M&A.

'INNUENDO'
Holly Teeter: Case based on unsubstantiated supposition and innuendo.
Judge Holly Teeter said Maria Woods didn't connect her alleged mistreatment to her sex or race, and tossed charges against the mega-RIA.
Wednesday 8.28.24 Lisa Shidler

A federal judge in Kansas City has tossed a lawsuit filed by a former fast-rising female Edelman Financial Engines staffer, who claimed she was promoted but denied the salary she deserved because of her sex and ethnicity.

PLAY-TO-PLAY
Emily Binder: They are playing on... TikTok, Reddit and Discord.
The Boston giant' is getting past the old LinkedIn, Facebook paradigm, adopting a more casual tone and using third-party media for 'service.'
Tuesday 8.27.24 Lisa Shidler

Fidelity Investments is letting its hair down and upping its hipster quotient on social media – radically brightening its prospects for winning Gen Y, Gen Z and Millennial clients as Boomers age out.

NO EXHALE NEEDED
Peter Mallouk: We are wide open [to bigger deals] there’s no upper limit.
The Creative Planning CEO put Goldman's PFIM under contract one year ago, and merger experts say the firm's exceptional buying power -- low debt and high cash flow -- puts any RIA into play for him.
Saturday 8.24.24 Oisin Breen

Brooke's Note: Keep your friends close and your vampire squids closer. Peter Mallouk seems to have the upper hand in near-future wealth management consolidation as he takes his biggest-in-class RIA, undiluted and un-indebted, and teams up with Goldman Sachs across …

MOST RECENT ARTICLES
The New York City 401(k)-rollover startup is using 'Plaid' style APIs startups to unlock $1.65 trillion in all-but-forgotten401(k) assets
First published by the Dow Jones weekly in 2018 with about $200 billion, the robo-advisor assets in the rankings soared 400% by 2024, swelled by a fungible definition that capture giant human RIAs.
TradePMR is continuing its Dark Horse play to exploit the TD Ameritrade RIA niche with a foot-in-the-door strategy with big, profitable RIAs seeking to multi-custody outside Schwab Advisor Services







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