Until March this year and since the Retail Distribution Review of 2012, the pace of consolidation, mergers and acquisition in the financial advisory sector showed little sign of abating, writes Giles Dunning. However, as with so many sectors, the M&A market for IFAs has been heavily impacted by the coronavirus pandemic...
Many deals in the M&A space are now on hold and the pipeline of new acquisitions has markedly slowed. There are some encouraging signs of life though and the ingredients for M&A in financial services have not disappeared. Although the process of acquiring and selling businesses is likely to take longer in current conditions, the same pre-crisis motivators for smaller firms to sell do remain. For years, increasing regulatory burden has been an ever-bigger issue for those running their own firms, and, for many, the burden weighs even heavier post-pandemic. Similarly, in many cases, ris...
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