PORTLAND, OR / ACCESSWIRE / April 2, 2024 / Succession Resource Group, Inc. (SRG) published its eighth annual review of advisor acquisition activity, unveiling key trends for advisors interested in buying, selling, and succession planning. In this most recent data release, SRG reported on 188 transactions representing more than $25 billion in assets under management. Despite a high-interest rate environment, the M&A market was driven by strong demand, access to capital, increasing valuations, and shifting seller preferences toward larger buyers with the ability to scale. The average RIA/recurring revenue multiple reached 3.02, highlighting a resilient and sustained M&A market.
M&A Highlights:
Market Trends:
The 2024 advisor M&A market is expected to be active and carry forward 2023's strong demand and high valuations, regardless of what the Federal Reserve does with interest rates. Discussing the current M&A market, David Grau Jr., President of Succession Resource Group, shared his firm's perspective on where things are heading in 2024. "The pace of deals isn't likely to slow anytime soon unless there is a major market correction or regulatory change, which will slow the M&A market temporarily, then lead to a flurry of deal activity, similar to what I saw in 2008/2009. At this point, demand remains strong, and there is more access to capital than ever, supporting a healthy amount of consolidation over the next few years. But advisors need to be prepared for their exit. Buyers are getting smarter and more experienced; getting your value out may not be as easy in the coming years."
About Succession Resource Group
Succession Resource Group is a succession consulting firm based in the Pacific Northwest, serving advisors across the country. Founded by David Grau Jr., a well-known industry expert with more than 20 years of M&A experience helping advisors with valuation and succession planning, SRG's team of experts leverage their industry expertise and best-in-class resources to help advisors, agents, and accountants manage the equity in their businesses. With decades of experience on the team, SRG has helped thousands of advisors value their business, improve their value, set up and formalize their equity structure, share equity, design compensation plans for next-gen advisors, and plan for their eventual exit.
For more information on Succession Resource Group, visit www.successionresource.com.
Contact Information
David Grau
President
marketing@successionresoucegroup.com
(503) 427-9910
SOURCE: Succession Resource Group
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