Mergers and acquisitions are a key a part of many fast-growing advisory companies’ methods, with offers large and small getting a whole lot of consideration from researchers, commentators and journalists alike.
In simply the previous few months, for instance, important offers have been inked by the likes of Cetera, Hightower, LPL Monetary, Mariner Wealth Advisors, Carson Group, Dynasty Monetary Companions and others. Smaller acquisitions are additionally occurring at a speedy tempo, trade information exhibits, and all indicators counsel the M&A push is right here to remain.
That’s one motive why Dynasty Monetary Companions not too long ago hosted a closed door M&A workshop in New York, the place the agency invited advisors to convey their questions and issues.
In sharing some highlights of the occasion with ThinkAdvisor, Dynasty government Harris Baltch mentioned the standard of the dialogue was unbelievable — particularly with respect to the honesty about how offers can go fallacious. It’s simple to speak concerning the offers that go properly, Baltch famous, however it’s additionally vital to grasp that M&A transactions aren’t all the time profitable, particularly if agency leaders ignore potential pink flags or rush via the dealmaking course of.
See the slideshow for a abstract of eight key errors and challenges attendees recognized on the M&A occasion. By maintaining these points in thoughts, advisory agency leaders can enter into the transaction course of with clear eyes concerning the errors that may blow up even a superb deal.