2016 Advisor Merger & Acquisitions Data Press Release
(PORTLAND, Ore. — Feb. 20, 2017) Succession Resource Group, Inc. (SRG) published its third annual review of advisor acquisition activity, recapping 2016 data highlights and trends, drawing on more than $46 million dollars in third-party aggregate advisor sales prices ($5.6 billion in aggregate AUM transferred). SRG presented its findings to a live audience in its presentation titled, “2016 Financial Advisor Merger & Acquisition Annual Review” providing the status of the macro environment for deals completed in 2016 (excluding data from internal succession plans) for independent Registered Investment Advisors and Registered Representatives. Based on SRG’s data, the average sale price for financial services firms held steady in 2016, with no change in the year-over-year growth in value paid per dollar of recurring revenue (referred to as the recurring gross revenue multiple), and a slight decline in the year-over-year growth in value paid per dollar of commission revenue (referred to as a non-recurring gross revenue multiple).
