New York Private Bank & Trust Makes an Investment in Gerber Taylor prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Pent-up deal flow from the first months of coronavirus lockdowns in 2020
A desire to get deals done in case Congress moves soon to raise capital-gains taxes
A big demographic shift motivating RIA owners to sell
The last point needs elaboration. Many RIA owners are baby boomers, and many baby boomers are thinking about retirement, or at least taking a step back. As a result, they wish to maximize the proceeds from a sale of their practices.
Fortunately for them, there’s unprecedented interest in acquiring RIAs from players attracted by:
Recurring revenues from wealth-management fees
The potential to realize greater cumulative value through scale