Certainly, the pace of mergers and acquisitions has slowed in the face of the weak economy, but large financial advisory firms are finding great bargains on small firms, which have become more interested in selling their company, Dow Jones reports.
We absolutely continue to be in the business of investing in leaving RIA practitioners, said Rudy Adolf, chief executive officer of
Small firms may also be particularly interested in a sale today, since the market has wiped out 30% to 50% of assets under management.