Scott Slater, VP, Practice Management & Consulting, Fidelity Investments met with Julie Cooling, Founder & CEO, RIA Channel to discuss the rise of RIA mergers and acquisitions, and the driving forces behind it.
RIA M&A activity has soared in 2019. Slater points to the maturing wealth management industry and the operational challenges of running a small business as key factors in the increased number of transactions. Slater and his team at Fidelity work with advisors to identify M&A opportunities around the country, define their goals, and help firms plan for transition. “Having clarity first is critical,” says Slater.
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