Farther’s Post

Wealth management M&A is up, with deal volume increasing for the first time since late 2021. The uncertain market we’ve been experiencing turns out to be a good time for savvy financial firms to acquire new talent and teams, which can lead to increased AUM, revenue streams, and expanded reach. Learn more. https://lnkd.in/dkHJccs8

The independent wealth management space is becoming less a friendly club and more a pitiless jungle, with big firms squeezing smaller competitors, poaching talent and where organic growth, not M&A, will drive firm value. Read more >> http://spr.ly/6046Rcng8 #WMEDGE

The #RIA industry continues to evolve at a rapid pace. Our latest FINTRX #RIA Roundup highlights the most recent M&A, new hires, team movement and more. A few key takeaways... ⦿ Advisors are on the move, with Ampersand Partners attracting top talent from wirehouses like Wells Fargo and Edward Jones. ⦿ Advisor M&A activity remains robust as firms seek to expand their capabilities and geographic reach. Mercer Global's acquisition of the $2.5B MDK Private Wealth Management and Waverly Advisors, LLC' 200% growth to $10.6B AUM through a dozen acquisitions are prime examples. ⦿ The launch of independent firms like MG Partners Private Wealth and Grafton Wealth Advisors, both aligning with LPL Financial's Strategic Wealth Services, underscores the ongoing shift towards independence in the industry. For deeper insights on rep movements, M&A deals, and emerging players, check out the full blog post below! https://lnkd.in/geh6m3_6

How are top alternative asset managers building – or evolving – distribution strategies to meet the needs of financial advisors and their clients? This session at the #MMIAlternativeInvestments Forum covered trends in team building and #hiring, the impact and usage of #data and insights, working with home offices and the value of partnership, and how leading firms are approaching, attracting, and retaining top #talent. Thank you for joining us, Eric Burkett, CAIA of Bank of America Merrill Lynch, David Dunton of Nuveen, a TIAA company, Casey Galligan of Ares Wealth Management Solutions, and Madeleine Sinclair of Blue Owl Capital. #alternativeinvestments #assetmanagement

✈✈ Excited to be headed to Wealth Management EDGE next week! Shannon Rosic and the WealthManagement.com team have put together an amazing lineup. If you're going to be out there I'd love to connect. #WealthManagementEDGE #financialplanning

Exciting News in Private Markets! BlackRock's recent acquisition of Preqin for $3.22 billion is set to transform how we navigate alternative investments. Preqin's robust data on private equity, real estate, and more will now power new market indexes, enhancing transparency and decision-making for family offices and investors alike. Discover how this acquisition positions BlackRock at the forefront of private market innovation and what it means for your investment strategy. Click the link below to read more and comment below to join the conversation! https://lnkd.in/ecQjV9bh Forbes Francois Botha #VentureCapital #finance #investments #acquisition #RealEstate Yudhveer Chaudhry Larry Fink Max Mauro Dahlia Loeb Matthew Singer Mark O'Hare Sandy Loewen

Holleron Wealth Management is merging with Sovereign Wealth.

The independent wealth management space is becoming less a friendly club and more a pitiless jungle, with big firms squeezing smaller competitors, poaching talent and where organic growth, not M&A, will drive firm value. Read more >> http://spr.ly/6045Rcnw3 #RIAEdge

Big announcement! Wealth Matters Consulting clients were shortlisted for 18 awards for Family Wealth Report Awards! Watch the latest 3 Minute Marker as Rosemary highlights the importance of awards for your firm's visibility and credibility. 💫 Winning awards acts as a seal of excellence. 💫 Awards expose you to new audiences. 💫 Achievements attract prospective employees and partners. 💫 Awards differentiate your firm in a crowded market. Our top picks? Citywire Awards, Family Wealth Report Awards, WealthBriefing Awards, Private Asset Management Awards and WealthManagement.com Awards  Watch the episode below to learn more! Interested in winning an award? Contact us at Wealth Matters Consulting! #WealthManagement #MarketingStrategy

As many know, after 13 wonderful years at BlackRock I have decided this is the right time to explore my next career chapter outside the firm. I will stay on through May 1st to ensure a smooth transition of my responsibilities and help prepare for the integration of Global Infrastructure Partners (GIP) into the firm, keeping the team and our clients at the forefront.   With the acquisition of GIP, I recognized right away what it will do for BlackRock’s existing private markets business. Make no mistake, this is a truly transformational transaction that builds on the respective successes of our two platforms to capture the enormous opportunities ahead in infrastructure investing. In this instance, 1 + 1 does indeed = 4. Though it was tempting to stay for what will surely be an exciting next chapter, I also saw this as a chance to alter the course of my own journey.   My time at BlackRock has been incredible. When I started this journey in 2011, the firm managed approximately $3T in client assets, had 7,000 employees, and a global reach that pales in comparison to where we stand today.   As Global Head of our Institutional Client Business, I had the privilege of leading engagement with clients around the world, understanding their unique needs and working to deliver best-in-class investment capabilities. Having spent the majority of my career in alternatives, the ever-increasing importance of these alpha-seeking strategies, for our firm and our clients, was clear to me. I was honored to lead the expansion of our alternatives platform, encompassing both liquid and illiquid asset classes, into a $300B platform. Most recently, as Global Head of Equity Private Markets, I had the opportunity to lead the teams and strategy for private markets equity investing across the firm at a pivotal time for our industry. We innovated together, launching new businesses and funds, and expanding in new markets and burgeoning channels such as wealth.    What I’m most grateful for is the opportunity to partner with so many talented, smart and kind professionals throughout my journey at BlackRock. Their dedication and commitment to delivering differentiated alpha and solutions to our clients across the globe is inspiring. I thank them sincerely for their partnership and for those moments of levity, inspiration and fun.   I have said countless times that alternatives are no longer alternative, and private markets will continue to evolve and play an increasingly important role in institutional and wealth clients’ portfolios. BlackRock’s transformative acquisition of GIP exemplifies this and is a testament to the business we have built together and will continue to be built upon.   As I prepare for the next chapter of my career journey after BlackRock this spring, I will take with me the invaluable experiences I have had at the firm. With gratitude and humility, I thank Larry, Rob and everyone at BlackRock for a wonderful 13 years at the firm.