Josh here – According to Echelon Partners, “2019 was the seventh straight record-setting year in
terms of number of deals completed, with 203 transactions recorded in ECHELON’s
M&A Deal Tracker. This represents a 12.2% increase over 2018 and a 15.4% annual
growth rate over the past five years.”
Additionally, financial advisors have been breaking away from the brokerage firms they work out in droves as well. “Breakaway activity increased for the second straight year, setting a new record for the number of annual breakaway deals. There were 655
breakaways recorded in 2019, a 21.7% increase over 2018 and a 40% increase over
2015, the previous record year.”
2020 is going to be a massive year for breakaway brokers, registered investment advisor formation, recruiting, mergers and acquisitions, private equity investments in RIA firms, etc.
I asked Mindy Diamond to come by and talk about the biggest trends for financial advisors and the firms that employ them.
Mindy Diamond is one of the most well known recruiters and consultants in the wealth management industry. Mindy’s expertise is in helping financial advisors find the right fit when they’re looking to move firms. She’s also worked with firms who are trying to recruit and retain the type of advisors they are looking for.