For planners who embrace the potential to provide these services, it can be a natural next-generation service offering.
| | | | | AMERICAN BANKER | | 3. Bankers see payments firms as fintech enemy No. 1 | | By Penny Crosman 3 min read | | Banks, especially smaller ones, are more worried about the competitive inroads that Apple Pay, Venmo and others have made than they are about tech companies' incursions into other financial segments, according to a new survey by Promontory Interfinancial Network. Read More → |
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| Q: What should RIA sellers do before seeking out potential buyers?
A: "We encourage them to take some time and think about what is most important to them, think about what their optimal situation is — not even the buyer but the optimal situation. And there’s so much power to this: you are, quite literally, in the catbird seat in today’s environment. There are so many different sophisticated, well-run buyers in the marketplace that you can not only have your pick of, ‘I like this one better than that one’ but, more importantly, ‘This business model is better for what I seek to achieve as an organization," says David DeVoe, an RIA M&A investment banker and consultant. | |
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| INVEST 2020 Agenda Preview | | With top executives from across the digital wealth management landscape and an exciting range of topics covering the latest trends transforming the industry, we’ve never been so excited to share a preview of the INVEST 2020 agenda. | | | | | |
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| ABOUT INVEST | | INVEST is the home of the wealthtech community and the digital leaders in wealth management. Since its inception, we've united more than 5,000 executives to explore the changes in the market and discover innovations in investing, saving and financial advice. Join us at our next event.... Learn More → | | |
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