First and foremost, financial advisors run businesses based on relationships that are a mix of professional advice and personal attention. Face-to-face meetings are crucial for both advisor and client in forming a trusting and long-lasting relationship.

That’s the beginning of Drew Voros’s article on An excerpt:

“There’s so much interest among other advisors and RIA firms, etc., to acquire additional assets. And on top of that, private equity has really become interested in acquiring RIA firms,” said Vance Barse, wealth strategist and founder at Your Dedicated Fiduciary in San Diego.

“And private equity companies are attracted to the cash flow that many of these RIAs earn, especially in a broader context of where we are in the market cycle,” he noted. “And then, the RIA firm can either sell to another RIA firm or a private equity firm or ultimately to a wire house.”

See The Slings & Arrows Facing Advisors on