InvestmentNews: Quiet consolidation is reshaping the RIA market.
SEI's Gabe Garcia shares his insights on the true nature of advisor M&A and long-term trends.
InvestmentNews: Quiet consolidation is reshaping the RIA market, says SEI Investments' Garcia
Gabe Garcia discusses the current environment of the RIA market and drivers of accelerated dealmaking activity.
“Cash (flow) is king, and it’s driven by talented advisors and leaders. The most attractive firms are profitable, growing, talent-rich, and run by advisors hungry for resources that will unlock their potential for many years to come."
“We anticipate acceleration overall, with potential temporary bumps along the way. Regardless of economic volatility, our industry’s profitability, quantity of owners near or beyond retirement age, and increasing appetite for synergies and scale will continue to fuel deal activity.”