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It’s a very hot market for RIAs, according to Dynasty Financial Partners CEO Shirl Penney — maybe too hot. 

“The availability of capital to fuel M&A is abundant and cheap. Whether it’s debt or equity, if there’s an RIA that is looking to sell, it seems like in a sales process, there [are] 15 buyers to every seller that shows up. It’s creating some frothiness with some valuations,” he explained in an interview with BenefitsPRO’s sister site ThinkAdvisor on Wednesday.

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