According to this article in On Wall Street, 2016 is going to be a big year for RIAs - not just for their revenue, but for buying and selling the firms themselves.
Buyers and sellers are gearing up for a busy year for deals as private equity buyers come off the sidelines, attracted by the strong-growth business and “strong” valuations.
“Buyers are still attracted to wealth management,” said Elizabeth Nesvold, managing partner at Silver Lane Advisors, a prominent New York investment banking firm, speaking at the MarketCounsel Summit.
“They see the average RIA growing at 15% plus in a minimally capital intensive business, and baby boomer demographics driving the need for financial and estate planning advice.”
Liquidity, low interest rates and pent-up M&A demand are also driving the market, Nesvold said.
Read the entire article, and call us if you are interested in creating, buying or selling an RIA firm. We have been representing financial professionals for decades - 212-509-6544.
Grab Your Wallet: RIA Buyers And Sellers Gearing Up for Busy 2016 | IAG Breaking News: