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
Janet Levaux, MA/MBA, is Editor in Chief of ThinkAdvisor & Investment Advisor. She's covered the financial markets since 1991 and advisors since 2005. Janet studied at Yale, Johns Hopkins SAIS and St. Mary's College of California. She's also lived and worked in Asia, Europe and Latin America, raised two sons, and won a Neal Award for top news coverage in 2020.
