KKR Industrials’ Post

In recent years, each potential seller had nearly ten, or more, interested acquirers aggressively pursuing them. While demand has remained constant, that level of interest has been primarily reserved for the most well-prepared, differentiated organizations. Take a look at MarshBerry's Q2 Wealth M&A Update and the shift in focus to differentiated firms. #wealthadvisor  #wealthmanagement #financialadvisors #mergersandacquisitions

𝐖𝐡𝐲 𝐝𝐨 𝐦𝐨𝐬𝐭 𝐚𝐝𝐯𝐢𝐬𝐨𝐫𝐬 𝐬𝐭𝐚𝐲 𝐚𝐭 𝐚 𝐟𝐢𝐫𝐦 𝐭𝐡𝐚𝐭 𝐦𝐚𝐲 𝐧𝐨𝐭 𝐛𝐞 𝐬𝐞𝐫𝐯𝐢𝐧𝐠 𝐭𝐡𝐞𝐦 𝐨𝐫 𝐭𝐡𝐞𝐢𝐫 𝐜𝐥𝐢𝐞𝐧𝐭𝐬 𝐛𝐞𝐬𝐭? Funny thing: It’s probably not the reason you may be thinking it is. Then again, it may be. Read on as Jason Diamond sets the record straight on 8 common misconceptions that stop advisors from realizing their full potential and, ultimately, their best business lives. #financialadvisors #financialservices #wealthmanagement

When speaking with financial advisors, I often hear they want to grow by acquiring another practice. Anyone who has actively pursued that growth initiative has certainly found it to be "Easier Said Than Done." That doesn't mean it can't and won't happen. It will be a process that will require much consistent effort. The competition is fierce and there are many buyers who have deep pockets and don't mind paying above-market multiples. I like to remind advisors not to lose sight of the proven revenue growth drivers that many successful advisors continue to use to maintain organic growth: 1. - Gain Additional Assets From Existing clients-The Simplest Way To Grow 2. - Find New Clients-Advisors Should Never Stop Prospecting 3. - Improve Your Retention Rate-Never Stop Paying Attention To Your Existing Clients Buying another practice can potentially catapult your practice to another level, but do not discount the importance of maintaining your organic growth efforts. #wealthmanagement #financialadvisors #financialplanning #independence #wirehouse #morganstanley #wellsfargo #merrilllynch #ubs

It may not always be readily apparent how a company’s management is misaligned with the interests of its minority shareholders. On occasion, their actions and behaviour may remain within legal boundaries but raise questions about their intentions. So, how can investors safeguard their interests? Here are four telltale signs that a company’s management may be pulling the wool over investors eyes.

Thrilled to see USI's strategic partnership with KKR evolve in such a dynamic way. This investment not only fortifies USI's financial runway, but also solidifies its standing as an industry transformer and disruptor. In an era where agility and innovation are paramount, companies like #USI are setting the gold standard by combining cutting-edge technology with expert teams to deliver holistic, customized solutions. The additional investment of over $1 billion speaks volumes about the conviction and belief in the potential of this model. A clear indication that when brilliant leadership meets visionary investment, the sky is the limit #usioneadvantage

Big thanks to Michael Kitces who picked up my TD Ameritrade to Schwab Conversion Tips Series and helped me turn it into a guest post for his blog. The conversion is coming up this weekend, and I want to contribute what I can to the process. Let me know in the comments if you have any additional tips to add, or if you have any questions to ask. #blog #schwab #TDAmeritrade

Goldman Is Selling a Wealth-Advisory Unit to $240 Billion Money Manager • Goldman unwinds $750 million United Capital deal struck in ’19 • Move marks Goldman’s renewed focus on ultra-wealthy clients Goldman Sachs Group Inc. struck a deal to sell an investment-advisory business aimed at the mass-affluent market to Creative Planning LLC, a wealth-management firm that oversees about $240 billion. The bank agreed to sell the business, with $29 billion in assets, that grew out of United Capital, a registered investment adviser it purchased for $750 million, according to a statement. The offloading of the company just four years after Goldman acquired it signals the firm’s intention to refocus its attention on the ultra-rich segment where it has a dominant presence. Goldman didn’t disclose the sale price but said it expects to recognize a gain when the deal closes. That’s in sharp contrast to the other sale Goldman is pursuing: the divestment of installment lender GreenSky at a steep discount just over a year after it completed that takeover. Creative Planning is run by Peter Mallouk, who has also written several investing self-help books. Those include a couple with motivational speaker Tony Robbins, who was once the “chief of investor psychology” at Mallouk’s firm. “This transaction is progress toward executing the goals and targets we outlined,” Marc Nachmann, the head of Goldman’s asset- and wealth-management unit, said in a statement. The deal is margin accretive and allows the firm “to focus on the execution of our premier ultra-high-net-worth wealth-management and workplace growth strategy.” That business has more than 16,000 clients and $1 trillion of assets under supervision. The United Capital acquisition was part of Chief Executive Officer David Solomon’s plan to broaden Goldman’s reach beyond a traditional focus on ultra-wealthy individuals. It gained an instant connection with about 22,000 clients who had a little over $1 million each with the platform. That’s significantly less than Goldman’s typical uber-rich clients, who entrust tens of millions of dollars to the bank. CLICK BELOW TO CONTINUE READING. #goldmansachs

Goldman to Sell Former United Capital Unit to Creative Planning 🏦 The business, formerly led by Joe Duran, was purchased by Goldman for $750 million in 2019 when it had $25 billion in AUM. Its AUM is currently around $13 billion. 🎯 Creative Planning has $240 billion in assets and is run by Peter Mallouk. 🚀 Last month, Creative Planning announced a custody deal with Goldman and is expected to expand on that partnership. "It wasn’t immediately clear how much the platform will fetch, but it’s expected to result in an accounting gain for Goldman when the deal closes." v ThinkAdvisor #wealthmanagement #financialadvisors #RIAs https://lnkd.in/e24ds3B3