Nikhil Sachdeva’s Post

The six M&A deals in this roundup range in size from $118 million to $3 billion, and exceed $5 billion in total client assets. The acquirers include rollup RIA shops, broker-dealer owned entities and private equity-backed advisory firms. Yet, in a rare twist, a single team recruitment to a big bank accounted for more than five times as much in client assets. J.P. Morgan came back swinging hard in the perennial recruitment wars, with a $28 billion win that makes up for a good chunk of the First Republic advisor exits it endured following the acquisition of the collapsed regional bank. Although that kind of recruitment might not repeat itself any time soon, it does stand as a stark reminder to the independent channel that many very successful advisors still see value in working for wirehouses and big banks. All the more reason for RIAs and independent broker-dealers to continue striving to constantly improve their platforms. #wealthmanagement #financialadvisors

This is the second major deal by #IIHL in recent times as its bid for the #acquisition of #RelianceCapital and its subsidiaries was recently approved by #NCLT. https://lnkd.in/gaBHE4tp #HindujaGroup #IndusIndInternationalHoldings #Invesco #InvescoAssetManagementIndia #IAMI

Half-year Report - 01 June 2023 TEAM plc (AIM :TEAM), the wealth, asset management and complementary financial services group, is pleased to announce its unaudited interim results for the six months ending March 31st 2023. Separately today TEAM is announcing two acquisitions which deliver on its strategy to expand geographical reach and service capabilities and on completion will lift assets under management and advice to over £850 million.   ·    TEAM is today announcing its interim results with total revenues for the six month period to March 31st of £1.9 million (2021: £999,000) reflecting the contribution made by acquisitions. ·    Underlying loss before tax was reduced to £374,000 (2021: £382,000) ·    The integration of the Omega and Concentric acquisitions has been successful and both are now operating from the same offices ·   TEAM is pleased to report that £25 million of client assets have transitioned to TEAM AM model portfolios, underlining their robust performance  ·     TEAM is also announcing separately today two acquisitions that extend its geographical reach and service capabilities. First, for a total consideration of up to £5.6 million, is Dubai headquartered Globaleye Wealth Management which has 5 offices across Africa and Asia. Second, for a total consideration of up to £2.5 million, is Thornton Associates, a financial planning business based in the Isle of Man ·    These deals, the fifth and sixth acquisitions since TEAM came to the market in 2021 deliver on TEAM's strategy to build and expand into fast-growing international finance centres and enhance its service capabilities as well as on TEAM's strategy to build in the Crown Dependencies. The integration of these businesses should deliver material cross -selling, revenue and cost synergies ·     As a result of these acquisitions, TEAM's total AUM will increase to over £850 million ·   TEAM has an ambitious roll-out strategy which requires ongoing shareholder support; with its Jersey location, TEAM is ideally placed to support clients living outside of their mainland home tax jurisdiction and their specialist financial needs   Mark Clubb, CEO and Founder of TEAM said: "I am pleased to report that our interim results demonstrate our ability to deliver, demonstrating the attractions of our multi asset approach as well as our ability to successfully deliver on integrating acquisitions. As a Group we continue to have an ambitious roll-out strategy and I would like to thank our shareholders for their ongoing support. Click here to read the full article: https://lnkd.in/eiihvs5H

Merger Australia 🇦🇺 Ironbark merges with Invest Blue Proud to be Australian! Ironbark was founded in 2009 and has $60.8 billion in funds under management, providing investment solutions for retail, wholesale and institutional clients. Invest Blue was founded in 1996 as a holistic and financial advice business. Earlier this year, Invest Blue implemented a nine-day fortnight initiative for staff to support employee wellbeing and productivity. It also announced a strategic partnership with Lumiant to build a cloud-based platform where Invest Blue would provide $2 million in seed capital towards developing Lumiant’s digital platform. Chris Larsen, chief executive of Ironbark, said the partnership will bring multiple areas of specialisation under one roof. “The client is at the forefront of everything that we do; be it, acting as professional trustee for funds and managed account solutions or partnering with best-in-class investment managers globally via our investment solutions business. With an existing and significant footprint in the advice market, this merger enhances our commitment to creating Australia’s largest independent diversified financial services business,” he said. “In a competitive and fast-changing environment, we will be well positioned to take advantage of favourable themes, including increasing demand for advice and regulatory changes aimed at making advice more affordable and accessible.” David Stephen, managing director at Invest Blue, said: “Our strategic partnership with Ironbark will provide capital, scale and expertise. It will accelerate our ability to enhance our value proposition to our clients, people and shareholders,” he said. “Our partnership with Ironbark will increase our ability to invest in our offer, systems and processes to enhance the client experience as we strive to become Australia’s trusted home of great advice.” #assetmanagement #australia #ironbark #investblue #edenam

360 ONE WAM plans to acquire ET Money as part of its strategic initiative to bolster its wealth management services. More here: https://lnkd.in/gysNiwg8 #brands | #acquire | #business | #businessgrowth | #ETmoney | #360ONEWAM | #360ONE | #stocks | #stockswap | #news | #finance | #wealthmanagement

Historical moment. The deal is closed. This is what we are made for. Avenga sold to KKCG Group. #avenga #transaction #IT #acquisition #deal #closeddeal #cornerstoneinvestmentmanagement #kkcg

The expected decline in interest rates is fueling an already-hot market for mergers and acquisitions among registered investment advisories, as retirement and wealth management continue to converge, according to the Echelon Partners RIA M&A Deal Report for the year's second quarter released on Monday

Wealth management technology company Envestnet Inc. has entered into a definitive agreement to be acquired by Bain Capital in a transaction valuing the company at $4.5 billion. Envestnet manages over $6 trillion in assets, oversees nearly 20 million accounts, and enables more than 109,000 financial advisers to better meet client financial goals through its comprehensive, integrated platform and unified digital experience. Envestnet, Inc Bain Capital BlackRock Reverence Capital Partners Fidelity Investments Franklin Templeton State Street Global Advisors Phil Loughlin Milton Berlinski Tom Sipp Bill Crager #Envestnet #BainCapital #ReverenceCapital #technology #wealthmanagement #BlackRock #FidelityInvestments #FranklinTempleton #StateStreetGlobalAdvisors #shareholder #acquisition #privatecompany #financialadviser #RIA #registeredinvestmentadviser

Although there is no single strategy for long-term success that all firms should abide, a healthy three-pronged approach in today’s wealth management landscape is acquiring firms, recruiting independent practices and maintaining strong organic growth of the parent company’s client base. And the economics of the industry all but require organic growth. A company must be financially strong in order to attract and retain top talent, purchase relevant technology and conduct savvy marketing. Acquisition targets with a fast-growing client base will contribute positively to the company’s bottom line faster than targets with a slow growing or stalled client base. And a company can either develop a reputation for recruiting growth oriented advisors, or try and figure out how to position the absence of such advisors as a benefit. As for acquisitions versus recruitments, while acquisitions can give the parent company greater control and profit potential, it also can call for greater upfront expenditures and may not always attract the most entrepreneurial (i.e., driven) advisors. After all, one great advantage of selectively recruiting independent advisors is a better ability to know who exactly you’re bringing on, and what they will need from your company in order to maximize the growth of their practice. #wealthmanagement #financialadvisors