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.
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Grab Your Wallet: RIA Buyers And Sellers Gearing Up for Busy 2016 | IAG Breaking News:
