FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. For more visit Business Insider’s new Wealth Advisor vertical. Deals Amid RIA’s Are At A 5-Year Low (The Wall Street Journal) There were just 18 mergers and acquisitions (M&A) involving registered independent advisors (RIAs) in the first half of 2013, according to Schwab Advisor Services. This totaled $15.4 billion in assets under management (AUM) and was at a five-year low. This is down from 25 deals at $36 billion in AUM in 2012.
“Advisors considering ownership transition may be focusing on creating more value in their firm leading them to delay a deal for a few years,” Jonathan Beatty at Schwab Advisor Services told the WSJ. The Most Important Attributes Investment Managers Need To Build Client Trust (CFA Institute) The 2013 CFA Institute & Edelman Investor Trust Study finds that investors […]
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