Private equity funds

People familiar with the matter said that Centerbridge Partners is in talks to buy the four-firm, 6,500-advisor IBD network.

Strategic buyers have less cash but more flexibility, experts say.

Still, advisors thinking of selling are urged not to procrastinate.

Woodbury Financial Services has added 572 advisors with $22 billion in client assets since the fall of 2017, CEO Rick Fergesen says.

The firm aims to avoid disruptions for its 2,300 advisors — but the pending recapitalization comes as the space consolidates amid shrinking margins.

The private equity giant with a track record of taking firms public would add the IBD to its list of more than 850 investments for $73 billion worldwide.

Fintechs are also attracting strong PE interest; robos not so much.

Under the deal, private equity-backed Wealth Enhancement Group would make its 10th acquisition in the past five years.

In a surprise move, Liz Nesvold sells investment bank Silver Lane Advisors to Raymond James Financial.

Many NEXT Financial reps would cash out their company shares while it boosts technology under a deal with Atria Wealth, the parties say.

Outside investors are ready to exit, CEO Joe Duran tells Financial Planning.

The deal for Next Financial would grow the firm's portfolio in the sector to nearly 2,000 reps.

The IBD and its subsidiaries’ 2,300 advisors appear to be facing a sale by its parent, with bidding reported to be starting as soon as next week.

The executive argues the firm’s ownership structure is giving it a leg up — rather than posing the issues for advisors decried by critics.

CEO Jamie Price and other executives met with some 1,000 prospective advisors after inking one of the largest M&A deals in the IBD space this year.

The Wealth Enhancement Group has reached $9.7 billion in client assets under a slew of M&A deals and substantial organic growth.

CEO Manny Roman expects the move will help the firm cash in when the next economic downturn comes.

Before you choose the technology that powers the day-to-day work of your business, it’s sensible to ask how each potential partner is funded.

The holding company launched only two years ago, but it’s already made two purchases and has several more in the works.

Matthew Cooper, the president of Beacon Pointe Wealth Advisors, has seen the downfall of many deals. Here he reveals the worst flubs and what could derail the M&A market. Plus, his favorite app.