RIAs Expect Further Increases in M&A Activity, New TD Ameritrade Institutional / FA Insight Surv

TD Ameritrade press release --------- Independent registered investment advisors (RIAs) say they’re gaining an appetite for expansion through mergers and acquisitions, and most are setting their sights on small firms and solo practices. These and other signs point to continued acceleration in industry M&A activity, with RIAs continuing to lead the charge. Across all firm sizes, more than three out of four RIAs indicated their growth plans include a merger or acquisition over the next five years, according to FA Insight’s Securing Your Firm’s Future survey. Of those considering a transaction, more than 60 percent plan to acquire a solo advisor, while 47 percent intend to buy just a book of business. Forty-two percent anticipate acquiring firms with multiple advisors. To learn more click on the picture below to read the release.