Page 13 - Devoe Company News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 ...

Focus Financial acquired ARS Wealth Advisors to expand Florida presence.

Focus Financial acquired ARS Wealth Advisors to expand its Florida presence. Focus Financial Partners, a publicly traded RIA consolidator, agreed to acquire ARS Wealth Management, a 24-year-old firm based in St. Petersburg, Fla., according to a Monday announcement.  Details of the transaction were not disclosed, except for the expectation that it will close in the third quarter of 2021. ARS turned to Focus after years of consideration searching for a partner to allow it to increase capital and maintain autonomy over its business while adding services such as cash management and lend...

The mergers, acquisitions and advisor moves you missed the week of May 24, 2021.

Legal issues related to hiring—and firing—advisors are becoming more commonplace, says RIA counselor Brian Hamburger. As the independent registered investment advisor channel continues to grow, firms are getting larger; many RIAs now have national aspirations, acquiring firms and, increasingly, recruiting new advisors from established companies. “With that comes some burdens that we can’t overlook,” said Brian Hamburger, president and CEO of MarketCounsel, speaking at the DeVoe & Company G2 Forum this week. “Not only does the potential for client-related issues and disp...