Creative Planning, a registered investment advisor (RIA), has recently made headlines with its acquisition of Daniels + Tansey, a Delaware-based RIA overseeing $535 million in assets. This move highlights the increasing trend of RIA acquisitions in the financial industry. With a focus on expanding their portfolio and client base, RIAs are actively seeking opportunities to grow their businesses.
The United Capital founder paradoxically promises to 'passively' buy minority stakes as a backdrop for going hyper-active with quick-strike acquisitions. This strategy allows RIAs to strategically expand their reach and increase their assets under management. By acquiring established firms like Daniels + Tansey, Creative Planning can tap into new markets and offer their wealth management services to a wider range of clients.
Ryan Parker, CEO of EP Wealth, sheds light on the firm's intentional M&A strategy and what it means for the company's development. Parker explains that strategic acquisitions enable RIAs to enhance their capabilities, access new technologies, and attract top talent. In the case of Creative Planning, the acquisition of Daniels + Tansey provides an opportunity to leverage their expertise and expand their service offerings.
A bill that would've required schools to give students access to free condoms was vetoed, but young advocates vow to keep pushing for comprehensive sexual education. While this topic may not directly relate to RIA acquisitions, it emphasizes the importance of education and access to resources. RIAs play a crucial role in educating their clients about financial planning and investment strategies, ensuring their long-term financial well-being.
Mohammed Takala, head of Libya's Tripoli-based High State Council, has said the country is getting closer to holding presidential elections. This news may seem unrelated to RIA acquisitions, but it serves as a reminder that geopolitical events can impact financial markets and investment decisions. RIAs need to stay informed about global developments to provide their clients with accurate and timely advice.
The existing home sales market has been at a standstill. Buyers are turning away due to high mortgage rates and prices. While this news may not directly affect RIAs, it highlights the importance of understanding market trends and economic indicators. RIAs need to stay updated on market conditions to guide their clients in making informed investment decisions.
When Rubin Miller graduated from Kenyon College with a degree in English, he had no idea what he wanted to do, but he did have one unique quality: his ability to communicate effectively. This anecdote emphasizes the importance of communication skills in the financial industry. RIAs must effectively communicate complex financial concepts to their clients, helping them understand their investment strategies and goals.
The key questions revolve around allocation, entity structure, planning strategies, and a range of other issues requiring professional help. This statement underscores the need for professional guidance in financial planning. RIAs offer personalized advice and tailored investment strategies to help clients navigate complex financial decisions.
Yamamoto shifts the narrative from 'think, build, waste' to 'waste, think, re-create' by employing discarded lightweight gauge steel. This statement, while not directly related to RIA acquisitions, highlights the importance of sustainability and innovation. RIAs can play a role in promoting sustainable investing and incorporating environmental, social, and governance (ESG) factors into their investment strategies.
In conclusion, the acquisition of Daniels + Tansey by Creative Planning reflects the growing trend of RIA acquisitions in the financial industry. RIAs are actively seeking opportunities to expand their portfolios and client bases. While unrelated news items may not directly impact RIA acquisitions, they serve as reminders of the broader context in which RIAs operate. From education to market trends, RIAs must stay informed and adapt to provide the best possible service to their clients.
