Retiring FAs Getting Creative With Deal Making Amid Pandemic
Stuart Silverman, president of Kestra Financial’s Bluespring Wealth business, says market fluctuations are opportunities for advisors to “package their firms” more attractively for buyers. One way to do that is partial acquisitions, he says. “We’re seeing a lot of firms come to us because we do partial acquisitions, saying, ‘Hey, we’d like to talk about a partial acquisition because we’d like to take some chips off the table,’” says Silverman.
Financial Advisor IQ, May 13, 2020