Market conditions in 2015 are ripe for the RIA industry's two largest aggregators to cash out, according to industry experts—but 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."

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