May 17, 2021
Louis Diamond Quoted
By Charles Paikert
For owners of advisory firms considering entering the current M&A market for RIAs, it’s a good time to be a seller. Echelon Partners, an RIA consulting firm, recorded 205 transactions in 2020, a record high for the industry. That frenzied pace has continued this year, as demand for RIAs far outstrips supply: Investment bankers report one seller can attract as many as 20 or 30 interested buyers.
A standalone RIA, for example, may be a match for firm owners looking for a good cultural fit in their home community, says Louis Diamond, president of Diamond Consultants, in a recent Mercer Capital blog post.
