The daily column: one argument about the industry's day, prosecuted with evidence. 18 stories this week · 187 total.
Louis Diamond says paying a group to stay before it leaves differs from deferred compensation, and other firms may follow.
The hybrid RIA will cover the seat fee for its partner-firm advisors; FINNY also takes an unstated share of assets won through the platform.
The fungible add-on lifts the first-lien term loan B to $1.3 billion from $1.16 billion, and S&P and Moody's say the ratings are unaffected.
At an RIA Edge panel, Snowden Lane's Alison Burkett said a firm cannot rely only on recruiting and acquisitions.
The $17 billion commercial real estate manager will offer real estate credit and equity to high-net-worth clients through financial advisors.
Original analysis from PWD Editors, built from our data and many sources.
A $714 million median disclosed deal, $6.8 billion of moving advisor books and Mariner's $150 million loan add-on show financing and integration setting the pace.
The week's deal, movement and flow data show consolidation and recruiting still running, but leverage, custody minimums and metered vendor costs are shifting the bill to RIAs.
Wealth managers announced 156 deals and closed 50 in 90 days. Sellers should price the buyer on closes, committed capital and who stays.
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