Page 2 - Devoe Company News Today

2023 may not break records, but experts expect the RIA M&A market will remain robust as players, private equity capital and synergistic opportunities abound.

DeVoe & Company found RIA M&A activity continued to decline during the past quarter; 2023 could be the first down year for activity in almost a decade.

Wealthspire Advisors LLC, an NFP company and independent investment adviser, today announced a signed agreement to purchase Sage Financial Advisors, Inc., a Nevada-based registered investment advisor (RIA). Sage manages approximately $194 million in assets* and maintains an office in Reno.

Up to 5% of revenues should be spent on marketing and sales, say industry experts, as only 12% of advisors are actively seeking referrals.

On the first day of DeVoe & Co.’s Elevate conference this week, attendees were told its time to channel Kung Fu Panda and be more like Starbucks.

More than $6.6B in assets was transacted this week, two new firms were launched, an investment bank opened, and firms filled key positions.

The amount of massive advisory practices across the industry more than tripled in a decade, leaving firms like Equius Partners with scale and succession challenges.

/PRNewswire/ -- Wealth Enhancement Group, a national independent wealth management firm with more than $63.8 billion in total client assets, announced the...

In its fourth deal of the year, Wealth Enhancement Group has added more than $1 billion in assets in Northern California.

Turmoil is a time for independent advisors to show why they're worth it.