Products January 25, 2012

CPI Rebrands Website

CPI Qualified Plan Consultants released its rebranded website at cpiqpc.com. 
Reported by

The redesigned site is better adapted to current Internet trends, including the increased usage of mobile devices. It has improved navigational features, layout, presentation and functionality.

The launch of the new corporate website is the first in a series of planned releases for CPI. During 2012, updates to the participant and plan sponsor websites at myretirementfuture.com will be launched, as well as updates to the online retirement plan management system for financial advisers, the Consultant Access Portal.

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Commenting on the new site, Chief Marketing Officer Jon Prescott said, “Before building the new website, we took an in-depth look at how we could better offer the diverse elements of our corporate Internet presence. That building stage also incorporated feedback we received from plan sponsors and financial advisers. The new site provides an improved information resource on CPI and our services within the retirement plan industry.”

 

The Markets January 25, 2012

RIA Deals Increased in 2011

Registered investment adviser (RIA) deals increased in 2011 despite a decline in the overall number of deals, according to an industry-wide RIA mergers and acquisitions transaction report from Schwab Advisor Services.
Reported by

 

There were 57 mergers and acquisition (M&A) deals involving RIAs for the full year 2011, representing approximately $44 billion in total assets under management (AUM). The average deal size in 2011 was $798 million, the lowest average since 2005. In contrast, there were 70 deals in 2010 representing $63 billion in AUM, with an average deal AUM size of $895 million.

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RIAs were the leading acquiring category, rising from 37% of transactions in 2010 to 44% in 2011.

“Market volatility and economic uncertainty led to a decline in M&A activity in the second half of the year,” said Nick Georgis, vice president of Schwab Advisor Services. “RIAs remain the dominant buyer category, but we observed a measurable increase in the number of transactions completed by banks.”

Of the 57 deals tracked by Schwab in 2011, 58% percent of deals represented less than $500 million in AUMs, 33% percent of deals were between $500 million and $2 billion, and 9% percent of deals were greater than $2 billion.

Schwab began tracking M&A transactions in 2004.

 

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