Market conditions in 2015 are ripe for the RIA industry's two largest aggregators to cash out, according to industry expertsbut United Capital and Focus Financial insist they'll continue to hold their cards.
"There's a lot of interest in the space, and very few options in the public markets," says Michael Abelson, executive vice president of Corporate Development at AssetMark, the Concord, Calif.-based service provider and consulting firm. "For buyers, the cost of funds is very low, big companies have money in their war chest and buying now is an easy case to make. For sellers, AUM levels are high, valuations are rich and if the objective is to buy low and sell high, selling now is an easy case to make - or they can keep riding the wave."
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