Assets being snatched up, but valuations of RIAs still depressed
RIA client assets that changed hands through acquisitions soared in the first half of the year but valuations of the firms are still below the 2008 peak, according to Schwab Advisor Services.
RIA client assets that changed hands through acquisitions soared in the first half of the year — but valuations of the firms are still below the 2008 peak. Not surprisingly, RIAs with the most assets under management are commanding substantially larger cash flow multiples in deals.
According
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