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.
This week gives us a view into what happens some time down the road after an acquisition, and why “strategic” acquisitions are strategic. Cetera and Corient launched new business lines based, at least in part, on prior acquisitions. Cetera is merging two previously acquired divisions and launching an employee-advisor RIA. Corient is launching a Canada-based business with assets from prior acquisitions.
While some firms may just acquire for the fear of missing out, others are planning years ahead with their purchases.
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.