
Tax hikes to ‘light a fire’ under red-hot market for RIA deals
“Advisors that are wanting to sell not only because of the robust market but because they think it’s the right time to find that strategic partner want to lock in this year’s capital gains rate,” says Carolyn Armitage, a managing director of Echelon Partners, an investment bank in Manhattan Beach, California, that is focused on financial advisory firms. “Everyone is expressing an interest in closing by year-end.”