Growth By Acquisition For Any Size Advisory Business

Plus Wealthtech And News Roundups, Wealthtech Trends, YCharts’ Survey, RBC On Falling Interest Rates, Berthel Fisher On Transition Support, And PreciseFP Teams Up With FP Alpha
Larry Roth, CEO, Wealth Solutions Report
Larry Roth, CEO, Wealth Solutions Report

Acquisitions aren’t just a growth method for large enterprises and repeat players. Inorganic growth may be the right solution for firms of any size. Of course, it’s not a move to be taken lightly. Firms that haven’t acquired other businesses yet need to do their homework with thorough planning and experienced counsel. This week, three Dynasty affiliates who lead their advisory businesses share their keys to successful acquisitions.

We also bring you our monthly Wealthtech Roundup, our weekly Deals & Recruiting Roundup, Berthel Fisher’s views on transition support, a review of wealthtech trends with industry experts, RBC Wealth Management’s advice on falling interest rates, results of the latest YCharts survey and FP Alpha’s partnership with PreciseFP.

Wealthtech Roundup: Meet our newest Wealthtech Leader of the Month, FusionIQ CEO Mark Healy. Other entries include F2 Strategy releasing a white paper with Dynasty Financial Partners, Eaglebrook launching a digital assets SMA strategy with Franklin Templeton, FP Alpha and PreciseFP expanding their partnership, Alai Studios and Shaping Wealth launching the AI-powered tool Lydia, Opto Investments rolling out enhancements, Vestmark collaborating with Pensionmark on a digital wealth management platform, Altruist launching a cash management solution, and Orion announcing survey results and product enhancements.

Deals & Recruiting Roundup: This edition of the Deals & Recruiting Roundup covers Wealth Enhancement Group acquiring Piermont Wealth Management, Focus partner firm Bordeaux bringing in Executive Wealth Group, Rockefeller Global Family Office onboarding Pollock Salah Wealth Partners, LPL recruiting teams from Wells Fargo and Merrill Lynch, Raymond James adding two advisors with a combined $1 billion, Avantax recruiting married advisors through Alliance Wealth Strategies, LaSalle St. adding Advyzon to its tech stack, and SageView appointing a new CFO and Chief Growth Officer.

Advisor transition questions: Paige Swartzendruber, Chief Business Development Officer for Berthel Fisher Companies, explains the top questions that advisors should ask senior leaders at their potential future firm – before making the transition.

Wealthtech trends: Top wealthtech trends for 2024 include the growing presence of AI and demand for more personalization, say industry experts and executives including Joel Bruckenstein, Producer of the T3 Technology Conference; Timothy Welsh, President of Nexus Strategy; Martin Tarlie, Nebo Product Lead; Robb Baldwin, Founder, CEO and President of TradePMR; Robert Sofia, CEO of Snappy Kraken; and Kelly Waltrich, Co-Founder and CEO of Intention.ly.

Keep communicating: Three in four advisor clients left or were considering leaving their advisor last year, largely due to a lack of communication from their advisor, according to a new YCharts survey. The firm’s VP of Marketing, Kara Hughes, provides comments.

Planning tech: Wealthtech firm FP Alpha will leverage digital client engagement platform PreciseFP’s main integrations as part of a strategic partnership to help advisors with advanced planning. FP Alpha’s CEO and Founder, Andrew Altfest, and Chief Revenue Officer, Charlie Clark, provide comments, along with PreciseFP’s EVP – Product Strategy, Richard Thoeny.

Keys to acquisition: Three Dynasty Financial Partners affiliates who lead their advisory businesses – Mike Quin, Phil Fiore, Jr. and Ronald E. Thacker – each present three keys for advisory business leaders to successfully acquire another firm.

Falling rates ahead: Tom Garretson, Senior Portfolio Strategist at RBC Wealth Management, speaks with us about how advisors can guide clients and their portfolios into a declining interest rate environment as the Fed looks to cut three times this year.

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Larry Roth
CEO
Wealth Solutions Report

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