Julius Buchanan, Editor in Chief, Wealth Solutions Report posted his commentary on the deals and recruiting in the wealth industry on Wealth Solutions Report as part of its Deals & Recruiting Roundup.
The days of firms rushing to acquire a firm and then figure out how to make it fit are over. Behind this week’s large numbers is a group of buyers that are executing acquisitive strategies with a blueprint in hand. Instead of buying asset numbers as commodities, they’re buying a footprint in Maryland or Florida, benefits consulting or ultra-high net worth expertise. Strategic purchases never went away, but this week shows they are on the uptrend.
To see the Wealth Solutions Report Deals & Recruiting Roundup for the week, click here. Visit Wealth Solutions Report for the latest wealth management insights, analysis and news.