RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

Banks are hungry to buy RIAs again

The same pressures for growth and non-interest income have them shopping, albeit more cautiously

Author Brooke Southall December 14, 2009 at 5:59 AM
1 Comment
no description available
Paul Lally: Banks see this possibly as the opportunity of a lifetime to get into the wealth management business.

Dan Seivert


Stephen Winks

Stephen Winks

December 14, 2009 — 8:56 PM

The advantage of trust powers are extraordinary. But, wouldn’t it make more sense for large RIAs to buy a Private Trust Company, that way the interests of the advisor are not lost, importantly, it is cheaper to create a private trust company than to buy one.

SCW


Related Moves

May 1, 2024 at 3:02 AM

Goldman Sachs-Creative Planning deal is bleeding defectors -- 16 more last week, report says -- auguring a 'potential disaster,' analysts warn

Dozens of former 'United Capital' advisors are fleeing at once, but Peter Mallouk is still battling to keep them, and Goldman Sachs may play legal hardball, sources say.

October 4, 2023 at 2:16 AM

Pershing restores Ben Harrison as sole heir to Mark Tibergien -- for now -- but solo tenure may be temporary, with other top talent in the wings

Co-Head Maura Creekmore's departure leaves Harrison at the top by default, but the company is mum on future hiring and how much RIA autonomy gets sacrificed in name of 'convergence.'

January 19, 2023 at 3:31 AM

Dan Seivert's ripping success in RIA M&A deals has odd side effect of having some sidearm staff leave for new vistas

Carolyn Armitage and Mark Bruno left to mutual benefit, while Echelon Partners roars on, feeding the beast of deal-crazed RIA buyers and sellers.

July 20, 2021 at 1:17 AM

See more related moves

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings


Common Tags


Recent Articles


Popular Writers


RIABiz logo

RIABiz

About Us

Directory

Archives

Connect

RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.