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Affiliated Managers Group, with an estimated $49 billion of RIA AUM, will buy RIAs again but typically a 20% to 50% stake to sidestep PE-backed buyers that have 'driven up prices'

The West Palm Beach, Fla., rollup boasts of a 'wealth' pipeline and says Veritable sale, with EBITDA of $17 million last year, was a rare deal but will boost revenues 2% plus.

Author Brooke Southall August 1, 2023 at 1:39 AM
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Jay Horgen: That was one of those exceptions, but I do think it’s an exception.
Keith Girard contributed to the editing of this article.

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