Is deal making for RIAs recession-proof?

Deal making across most industries and sectors has been in the doldrums since 2021’s record high, a victim of higher interest rates, recession fears and troubled stock and bond markets.?The recent banking crisis, when Silicon Valley Bank bellied up and an ailing Credit Suisse was forced into an arranged marriage with its Swiss rival, UBS, further tamped down mergers and acquisitions.

But not so much for wealth management practices, especially larger ones.

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While acquisitions of registered investment advisory firms have ticked down since the start of 2022, they haven't shrunk nearly to the degree see in the global pullback.

Now, halfway through 2023, they’re poised to pick up in the last six months of this year.

Read more: M&A dealmakers see transaction flow picking up rest of year

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