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$60mm Banyan/Boston Private deal makes us pay attention

Diamond Consultants Articles for Financial Advisors

$60mm Banyan/Boston Private deal makes us pay attention

Posted by Mindy Diamond

By Mindy Diamond

Banyan/Boston Private deal makes every financial advisor pay attention:

  1. $60mm (plus upside based upon growth)  is a lot of money
  2. It legitimizes what everyone is doing- it says that if you work hard and build an enterprise with a growing and annuitized revenue stream, there is no shortage of acquirers who are willing to pay top dollar for your efforts
  3. Whether you are a wirehouse advisor thinking of going independent or are already a principal of an independent wealth management firm, deals like this make you know that your business is a business with real value
  4. It speaks to the concept of 1 + 1 = 3.  When firms come together and they are able to leverage each other’s capabilities, infrastructure, and leadership, everyone, including clients, wins.
  5. Together, the combined entity becomes an industry powerhouse with scale, leverage, and mega enterprise value.

Boston Private Acquires Banyan Partners_PR

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About Mindy Diamond

CEO – By counseling advisors on how to ask the right questions and “dig deep”, she helps them look at all of the opportunities available to find the one that allows them to reach their full potential. That is, to best serve their clients and live a life that is in sync with their own beliefs and values. Learn more...

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