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 Focus Financial Partners. “What is a new aspect to our business, which has focused traditionally on very large established practices, is our interest in smaller transactions—RIAs with $30 million to $70 million in assets under management.”

Small firms may also be particularly interested in a sale today, since the market has wiped out 30% to 50% of assets under management.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.