RIA principals believe the current record level of M&A activity is just the beginning. Most advisers expect M&A volume to continue increasing for more than five years, according to new findings in the 2019 DeVoe RIA M&A Outlook Study.
“Advisors across all segments see mergers as one of their strategic options, especially as they seek to reduce costs and enhance the client experience in the face of competitive pressures,” said Tim Kochis, special advisor, DeVoe & Co.
Many industry observers and M&A experts have projected that mergers are likely to occur at a high clip for the next five to seven years; advisers themselves agree with the premise. The $1 billion to $3 billion segment has an even more upbeat perspective: Nearly three-quarters of these principals (74 percent) expect the momentum to continue for the next five years.