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.
Firms continue to build pathways for advisors to manage succession with a middle road between selling everything and staying fully independent. Sowell is offering advisors access to capital, resources and equity. Acquisitions by Wealthspire, Merit and Steward demonstrate founders and advisory teams seeking larger platforms that can provide continuity, broader resources and a durable home for clients and staff. For many advisors, the middle road may become the right path.
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.