A survey of RIAs that use TD Ameritrade as their asset custodian found that 82% expect mergers and acquisitions to rise in the next 12 months. More than half, 53%, say they are looking to make one or more acquisitions.
Driving these deals, advisors say, are concerns related to succession planning, 54%, as well as scalability, 35%, and regulatory pressure, 7%. At the same time, though, most RIAs — 68% — do not want to sell or merge their firm.
TD Ameritrade collected the views of RIAs at its 2014 Elite Summit held in June in Dana Point, California. The event brought together 190 RIAs with at least $1 billion in client assets, 70 of whom completed the M&A survey.
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Janet Levaux
Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.
