Propelled by breakaway brokers, interest from banks and wealth management success, the growth forecast for advisory firms this year is robust, according to one of the industry's leading investment bankers.
"The prospects for organic growth for RIAs and IBDs have never been greater," says Liz Nesvold, managing partner of New York-based Silver Lane. "We expect to see more lift-out and advisors turning independent activity in 2015. The ability to build tangible equity value is also becoming more attractive to the advisor, especially given the spread between ordinary income and long-term capital gains rates."
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access