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.
Creative Planning’s acquisition of Baseline, an SEC-registered RIA in Zurich and Geneva, spotlights an angle in wealth management that often flies under the radar – the international space. Creative Planning’s first international move was in 2020 with the acquisition of Thun, a U.S.-based firm advising Americans abroad.
Baseline serves a broader group of international clients than Thun, including Americans, Canadians and citizens of other nations. With these acquired firms, Creative Planning can target millions of wealthy international investors and overseas Americans.
In a time when our industry searches for organic growth, tapping this international clientele may be an unexplored but potentially fruitful avenue for many firms. Creative Planning is using M&A to move quickly, but strategies can also be devised to compete in this space without M&A.
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.