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Aspirational Versus Strategic M&A - David Selig, ADP CEO, speaks at The MarketCounsel Summit 2024
M&A is not for the faint of heart, said panelists.
“You may think, ‘Valuations are really high. The market is frothy. There are all these buyers out there that are adept at doing deals. It must be easy to go to market. I hope that I can get a good deal just by jumping in.’ It’s not that easy,” said David Selig, CEO of Advice Dynamics Partners.
Read the Dec 12, 2024 article by Diana Britton on WealthManagement.com, with the full rundown of the MarketCounsel Summit 2024 session “Inorganic Growth: M&A is to a Strategy Like Hope is to a Plan.”
David Selig, ADP CEO, on stage at The MarketCounsel Summit 2024
Corient Private Wealth completed the acquisition of Ensemble Capital Management
CI Financial reveals $1.7bn RIA buy.
CI Financial disclosed Thursday morning that its US wealth division, Corient Private Wealth, completed the acquisition of Ensemble Capital Management, an RIA headquartered in San Francisco that reported managing about $1.7bn in its last filing with the Securities and Exchange Commission (SEC).
Read more from the November 14, 2024 CityWire RIA article by Sam Bojarksi, about the transaction.
WEG buys $1.3bn Philadelphia hybrid RIA
The acquisition of Levy Wealth Management Group brings private-equity backed WEG to $90.5bn in total client assets.
Wealth Enhancement Group’s (WEG) eleventh RIA acquisition of 2024 is also its largest of the year so far.
The private equity-backed mega-RIA announced on Thursday that it has snapped up Levy Wealth Management Group, a hybrid firm based in Philadelphia with more than $1.3bn in assets under management and advisement.
David Selig of M&A consultancy Advice Dynamics Partners served as Levy Wealth’s advisor in the transaction.
Private Equity’s Iron Grip On RIAs Grows
Fresh data shows that in 2023, and early this year, private equity is an increasingly dominant player in mergers and acquisitions involving registered investment advisors. We probe what's going on.
- Family Wealth Report, February 20, 2024
Recurring revenue model attractive
Based on the volume of inbound inquiries investment banker Advice Dynamic Partners is receiving to date from private equity firms, there are ‘no signs that PE will not continue to deploy capital at a strong pace in 2024,’ said firm CEO David Selig.”
Why the ‘tweener’ phenomenon will drive RIA M&A in 2024
In this CityWire RIA guest column from February 12, 2024, Advice Dynamics Partners chief executive David Selig gives his predictions for RIA M&A this year and coins a new term for a segment of the market that appears particularly ripe for deals.