David DeVoe | Source | Founder & Managing Director at DeVoe & Co
David DeVoe
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DeVoe & Co (http://www.devoeandcompany.com)
Founder & Managing Director
started Jan 2011
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Putting off succession plans, many financial advisors are failing to plan for own future
As few as 35 percent of financial planners have a succession plan in place. Advisors at Schwab's IMPACT 2017 confab weigh in.
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After 6-Month Surge, RIA M&A Deals Drop Sharply in Q3: DeVoe | ThinkAdvisor
The quarter was the weakest the RIA industry has experienced in nearly three years.
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TD Ameritrade Institutional's National LINC 2017 - How to prepare for succession and continuity
Not enough advisers have built a succession strategy. David DeVoe of DeVoe & Co. discusses some techniques and some pitfalls to avoid when building a good continuity plan.
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Firms that attach their caboose to the Mercer train immediately benefit from the power of a $12 billion RIA. With access to a broad set of capabilities and services, clients should be sticker and the sales process with prospects should be easier.
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With swollen coffers, banks and large financial services corporation may determine that acquiring RIAs is a good way to deploy this capital.
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The structural changes that are driving the sales of RIAs and the natural consolidation of the industry have not changed, and M&A momentum is likely to continue. But the impact of developments like the tax law and how brokers will react to changes in the Broker Protocol remains uncertain.
