Page 3 - Devoe Co News Today

Lehman & DeRafelo offers another example of a big RIA seeking a larger partner despite turbulent economic conditions and some signs of an M&A slowdown.

Three veterans of United Capital and Goldman are launching a new private-equity backed company whose business model is focused on acquisitions.

Financial Advisor Magazine created exclusively for advisors by highly experienced editorial and publishing teams. We provide an interactive community for the Financial Advisor, Investment Advisor, Financial Planner, Financial Planning, RIA, Retirement Planning, ETFs, Alternative Investments, Investment News, Broker-Dealer, CFP, Wealth Manager. Financial Advisor magazine produces the Alternative Investment Strategies, Retirement Strategies, and Fiduciary Gatekeeper conferences. We also offer a v...

Wealth Enhancement Group said it had made its fourth acquisition of 2023, this time buying the firm Equius Partners Inc.

SVB acquired Boston Private for $900 million in 2021 as part of its "vision is to be the premier financial partner for the innovation economy." 

David DeVoe is managing partner and founder of DeVoe & Co., a San Francisco-based financial services consulting firm specializing in business strategy, mergers and acquisitions, succession planning and valuations for RIAs.

SVB acquired Boston Private for $900 million in 2021 as part of its "vision is to be the premier financial partner for the innovation economy." 

The situations with First Republic and SVB pose yet another cautionary tale for advisors affiliated with banks.

If sale to PE firm CD&R is negotiated at $53/share, Focus will cease to be a publicly-traded company.

Revenue growth remains under siege as assets inexorably shift toward lower-cost passive strategies, reducing management fees.