The potential for mergers and acquisitions is being raised by more financial advisors lately and many are taking the leap. There were 54 completed RIA mergers and acquisitions last year, according to Schwab, with the average deal size approaching $50 million in AUM.
That doesnt surprise me. Mergers and acquisitions can advance your business growth objectives as well as your own personal objectives. I hear from many advisors who are nearing the traditional retirement age and want to realize all or some of the value theyve built in their firms and move to the next chapter in their lives. I also field questions from younger advisors seeking rapid growth, new capabilities and stronger management teams who wonder if an acquisition is the surest, smartest strategy to that growth.
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