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
0 Comments
Keith Girard contributed to the editing of this article.