Alera Group, a national insurance and wealth services firm, is among the latest established entities to begin picking up smaller independent wealth management shops in key markets.
Tag: M&A and Wealth Management
According to a new PwC report, while deal markets have cooled relative to what was seen in 2021, asset and wealth management deal volume has continued at a strong pace in the first half of 2022.
Nearly 190 retirement plan advisory firms have been acquired in the decade since 2012, and aggregators expect a substantial number of deals during the remainder of this year.
Although the substantial market volatility seen in early 2022 has the potential to slow M&A activity, the fundamental drivers remain intact and will continue to drive future activity, according to Piper Sandler.