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Innovative Industrial Properties, Inc. (NYSE:NYSE:IIPR) Q1 2022 Results Conference Call May 05, 2022 01:00 PM ET Company Participants Brian Wolfe - Investor Relations Alan Gold - Executive.
Q1 2021 Sees ‘Record-Shattering’ Pace of Adviser M&As
Strong market conditions, increased competition from buyers and favorable deals for sellers laid the foundation for the activity, according to the latest data published by Echelon Partners.
Echelon Partners has published its latest quarterly review of adviser and brokerage industry merger and acquisition (M&A) activity, finding the first quarter of 2021 shattered the previous record.
According to Echelon, there were 76 deals that took place in Q1 2021. This is the largest number of deals in a single quarter in the history of the wealth management industry, the report states.
“Strong market conditions, increased competition from buyers and favorable deals for sellers laid the foundation for the record-setting activity,” Echelon reports. “However, anticipation that the new [presidential] administration could introduce higher capital gains taxes that could go into effect in 2022 also accelerated dealmaking activity.”
Hub acquires Plan Sponsor Consultants
The acquisition gives Hub another $2.4 billion in assets under management.
April 8, 2021
Michael Kane and Lee Applebaum of Plan Sponsor Consultants will join Hub Retirement and Private Wealth.
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Hub International agrees to buy Plan Sponsor Consultants
Hub International agrees to buy Plan Sponsor Consultants
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Terms of the deal, which closed April 2, were not disclosed.
The acquisition of the Atlanta-based firm added 184 plan sponsor clients with $2.4 billion in assets under management to Hub s client roster, a Hub spokeswoman said.
The addition also builds on Hub s expansion in the Gulf South region and strengthens its retirement capabilities, Shaun Norris, president of Hub Gulf South, said in a Hub news release Tuesday. As part of the transaction, Michael Kane, managing director of Plan Sponsor Consultants, and Lee Applebaum, senior vice president, joined Hub Retirement and Private Wealth in Hub Gulf South.