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Over half of RIA deals done in the third quarter involved selling firms with $1 billion or more in assets, according to DeVoe & Company.

The Covenant deal, Captrust’s seventh so far this year, continues its strategy of combining retirement plan services with wealth planning.

The Tech Investment Squeeze According to Financial Planning’s 2021 Tech Survey, large firms are ramping up spending while smaller firms are keeping budgets modest. Are they starting to fall behind?

14 Min Read John Eubanks, a director and CFP at Park Sutton Advisors, an investment bank in New York that specializes in financial services firms, says that private equity shops buying minority stakes in advisory firms “is a recurring theme right now.” The investments are attractive, he says, because of the growing profit margins at RIAs, an upswing that has led to “a premium in valuations being paid now.” Independent advisor practices have been in a flurry of mergers and acquisitions for years. “This industry is likely going through the beginning of another growth spurt,” says Da...

In this episode, David Armstrong, editor-in-chief of WealthManagement.com, speaks to David DeVoe, founder and CEO of DeVoe & Company, to discuss what is changing in the industry for investment advisory firms, what firms are driving the wave of deals and the biggest risks to RIAs.  DeVoe & Company founder and CEO David DeVoe David shares:  What “META” RIAs are, and how they will change the industry; The percentage improvement in a firm’s valuation that comes from a mere 1% boost in growth; The numbers that dispel the myth of the “seller’s market” for RIAs; How his own journey ...