Paul Lally Of Wipfli And Derek Bruton Of Gladstone Group Share Insights On How RIAs Can Navigate The M&A Landscape Despite Recession And Falling Valuations
Is the M&A landscape for independent wealth management firms finally cooling down after years of blazing hot growth, and if so why is that happening? Depends on where you look, and whom you ask.
“The slowing down of deals can be attributable to the current market volatility,” said Paul Lally, Principal & Wealth & Asset Management Industry Leader at accounting and business consulting firm Wipfli.
“In 2023, I expect to still see transactions being completed. However, I believe many firms that were contemplating selling prior to the market downturn will pull back in a wait-and-see mode,” Lally said. “Also, many other firms will work to stabilize or right-size during this time to remain viable, as to better position themselves for when the market turns around.”