It what might be an indication of a consolidation in the RIA segment of the industry, Independent wealth management firm Banyan Partners is nearly doubling its assets under management to $4 billion by acquiring two firms simultaneously. The two firms are Rushmore Investment Advisors, in Dallas, and Holt-Smith Advisors, in Madison, Wis.; Banyan is based in in Palm Beach Gardens, Fla.
Consolidation in the RIA space is bound to happen, as medium size RIA look to increase their geographical market share and their coverage.
We have been working with RIAs of all sizes for decades in their compliance, regulatory and business transactions. Give us a call at 212-509-6544 or send an email to see if we can help you with your RIA issues.
