Billion-dollar deals and breakaway surge for RIA M&A
January 19, 2017 4:08 PM
2016 proved to be a record-setting year for RIA M&A deals and the pace shows no sign of slowing this year, according to research and consulting firm Echelon Partners.
“We anticipate a significant increase in advisers looking to drive inorganic growth through an M&A strategy," says Echelon CEO Dan Seivert.
What were some of last year's outstanding benchmarks and what are this year's prospects?
Echelon's inaugural RIA M&A DealBook reveals key metrics that will be of keen interest to both RIA buyers and sellers, including overall deal activity, transactions involving breakaways and billion dollar deals — and where those deals are actually taking place.
Click through to see for yourself.
All data comes from Echelon Partners analysis, the SEC's IARD website and company reports.
“We anticipate a significant increase in advisers looking to drive inorganic growth through an M&A strategy," says Echelon CEO Dan Seivert.
What were some of last year's outstanding benchmarks and what are this year's prospects?
Echelon's inaugural RIA M&A DealBook reveals key metrics that will be of keen interest to both RIA buyers and sellers, including overall deal activity, transactions involving breakaways and billion dollar deals — and where those deals are actually taking place.
Click through to see for yourself.
All data comes from Echelon Partners analysis, the SEC's IARD website and company reports.
Deals involving big breakaways are usually slower and more complicated, but Echelon believes the pace will pick up this year.
Teams continue to gravitate to the RIA channel.
Echelon believes the aggregate AUM total for RIA deals will continue to climb.
Billion-dollar deals are no longer a rarity.
Wealth growth in California is booming, a fact reflected in the number of deals consummated in the Golden State.
Growth trends suggest M&A activity in 2017 will surpass last year's, according to Echelon.
While the number of billion dollar deals dipped last year, the total doubled from 2014.
Annual growth for the number of breakaways has averaged over 12% for the past six years.
Annual growth has slipped in recent years, however, and uncertainty surrounding the fiduciary rule may be a reason, according to Echelon.
