At a glance
- Four firms that joined Corient accounted for more than half of the reported assets at $16.2 billion.
- The median firm in the month's filings held about $354 million in AUM, and 19 of the 30 transactions involved firms with less than $500 million.
- The Bey-Douglas combination with Resurgent was announced in January and OneDigital's acquisition of Silicon Valley Retirement Services in February, and both appeared in October's filings.
Thirty RIA transactions surfaced in October's withdrawal filings, representing about $29.6 billion in reported assets under management, according to Wealth Solutions Report.
Four firms that joined Corient accounted for more than half of the reported assets at $16.2 billion. H.M. Payson brought $9.1 billion, Seven Bridges $4.6 billion, CapWealth $2 billion and Music Row $400 million.
The median firm in the month's filings held about $354 million in AUM, and 19 of the 30 transactions involved firms with less than $500 million. The typical October seller had four advisory professionals, and 20 of the 30 had five or fewer. For owners of boutiques that size, succession planning can drive the decision to sell, according to the report.
Filings also trail announcements. The Bey-Douglas combination with Resurgent was announced in January and OneDigital's acquisition of Silicon Valley Retirement Services in February, and both appeared in October's filings.
Corient's four deals were over half of October's assets
Reported AUM in October RIA withdrawal filings, in $B
| Part | Value ($B) | Share |
|---|---|---|
| $16.2B | 54.7% | |
| $13.4B | 45.3% |
Reported by the Succession & selling a firm desk from Wealth Solutions Report. Published . Corrections