Thinking of selling an RIA firm? Make sure it's tech-savvy and up to speed on social media, digital platforms and automated investment advice.

"A key driver for M&A deals, especially at the regional level, is a need for new technology by acquiring firms," says David Selig, chief executive and founder of Advice Dynamics Partners, a San Francisco-based consulting firm specializing in mergers and acquisitions for RIAs. "We're finding that buyers are placing high strategic value on technology knowledge and innovation."

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