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.
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Deals – whether acquisitions, stakes, recruitments or partnerships – are often about more than headline numbers. This week Lido bought a firm specializing in insurance strategies, Mercer bought a firm focused on tax and VestGen launched a service focused on athletes.
Sometimes the headline is simply an increase in assets or reaching a new geography, but often there’s a layer of strategy underlying transactions and initiatives that make the numbers today matter less and the numbers in the future matter more, after synergies have been put to work.
Organic growth may lie hidden in the niches these deals are designed to explore. We recently discussed whether M&A may be holding organic growth back. In some instances, thoughtfully planned M&A and other deals can go in the opposite direction by finding organic growth that was available all along.
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.