Larry Roth posted his weekly “Larry’s Take” commentary on the deals and recruiting in the wealth industry on Wealth Solutions Report as part of its Deals & Recruiting Roundup.
This week, we cover many acquisitions and investments, as well as a recruitment of a $1.4 billion team. We usually think of these in terms of client assets added to the acquiror, investor or home office. And that’s true, but not the whole story.
The moment I write the word “data,” you will glance back up to check if this is the Wealthtech Roundup – but this is indeed the Deals & Recruiting Roundup. It’s safe to assume that most – if not all – of these transactions includes a trove of data.
With the data from onboarded assets, a sub-$500 million acquisition providing the right services to the right clients may prove a more valuable source of data to the right buyer than one in the multiple billions. This hidden value flies under the radar, but in an era when AI can mine data efficiently, it matters.
If you would like to discuss this Larry’s Take further, including how these trends might impact your business, please contact Larry Roth at larry.roth@ascentix.com.
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.