Wealth Management M&A Trends Show Consolidation Amid Economic Concerns
1 report, 1 independent
Updated Aug 20
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What happened
The wealth management industry is undergoing consolidation, with two of the largest fee-only financial planning companies ranking higher than three rivals in a recent study of large fee-only firms. A new whitepaper divides advisory firms into fee-only, hybrid, and independent firms with insurance licenses.
Why it matters
Valuation experts suggest that the decline in M&A deal numbers is less a reflection of waning demand and more related to general economic concerns. This trend is impacting how advisory practice sellers approach strategic tasks and succession planning.
Who's involved
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The entities involved
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Charles Schwab
professor of agricultural and biosystems engineering