Summary: 2018 was another record year for M&A activity among wealth advisory firms. Who are the acquirers in the RIA space? What is the typical deal structure? How has the trend affected valuations? Does having fewer and larger RIAs mean portend greater use of alternatives and real assets in client portfolios? In the thick of M&A frenzy is Dan Kreuter, founder and chairman of the Gladstone Group, which provides M&A consulting to wealth advisory firms. He joins the program. (03/2019)
