The number of mergers and acquisitions of financial advisors is set to increase substantially in 2014 and beyond, according to research released by Tiburon Strategic Advisors.
Financial advisors are aging -- specifically independent advisors, who were traditionally younger than employee advisors, says Tiburon managing partner Chip Roame. The number of new advisors is limited, so the ability to buy these books is valuable specifically as tuck-ins to larger firms.
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