The Secret Report — February
Pete Secret
Founder and CEO @ Spartan Advisory Partners | Mergers, Acquisitions, and Transitions
Hi everyone, this is?Pete Secret ?with your industry update for the month of February.
I wanted to take a moment to wish you all a wonderful year ahead. At Spartan Advisory, we understand the unique challenges and opportunities that financial advisors face, and we've been fortunate to support professionals like yourself in achieving their goals.
The Priciest Super Bowl Ever
As of Tuesday, people were paying a median of $8,776 per person, according to data from the ticket marketplace Vivid Seats,?thousands of dollars more than most recent Super Bowl matchups. Driving the demand are a number of factors, including the possibility of Taylor Swift attending,?the stadium being one of the National Football League’s smallest in terms of capacity, and Las Vegas hosting its first Super Bowl.
Current landscape
W-2 firms are still attracting top performers with lucrative deals +340%, influenced by?various business factors. Deals have not softened at all in the w-2 to w-2 moves.
Independent channels offer variable deals from 15% to 150% upfront with standard back-end opportunities. The payouts range from 80% to 93% based on many factors.
Entrepreneurial advisors could consider Hybrid or Pure RIA models, less too little upfront?bonuses but offering significant long-term enterprise value. Some firms we work with are?offering unique liquidity options through equity or loans as upfront incentives.
Meanwhile, the RIA market (selling or buying) market has shown some pressure and?decreasing multiples. High-value advisory firms with assets over 1 Billion are still commanding up to 10-13x of EBITA based on business strategy strengths.
Want to see what a deal looks like for your business??Click here ?to see what specific offers look like for your unique situation.
Noteworthy moves
Every month we compile a list of some recent advisor moves that we would like to spotlight. Here are some examples:
UBS Team with $700-Million Book Rejoins Morgan Stanley, $650-Million LPL Team Joins Stifel
Teams from UBS in Georgia and LPL Financial in Illinois have recently joined Morgan Stanley and Stifel Financial, adding to the flurry of broker moves in 2024. Read More
领英推荐
Rockefeller Takes in $16-Million Team of Merrill Lifers in Michigan
Rockefeller Global Family Office has recently attracted a Merrill Lynch Team with a staggering $16 million in annual revenue, from Grand Rapids, Michigan. Comprising 26 members managing $5 billion in client assets.
RBC Hires Truist Team Managing $610-Million in North Carolina
RBC Wealth Management jumps its recruitment efforts into 2024 by welcoming a new team managing $610 million from Truist Bank, comprising brokers Paul S. Brinkley, Jeremy Beakes, and Adam Vandamme.
Research From Top Firms
Goldman Sachs: The US Economy is on its Final Descent to a Soft Landing
After defying recession?fears this year, the US economy is forecast by Goldman Sachs Research to easily beat consensus expectations again in?2024.
US GDP is projected to expand 2.1% in 2024 on a full-year basis, compared with 1% for the consensus of economist forecasts surveyed by Bloomberg. Goldman Sachs Research reaffirms its longstanding view that the probability of a US recession?is much lower than commonly appreciated — at just 15% over the next 12 months.
A Luxury Vacation to Not Miss Out On
Four Seasons Experience Resort- Nevis, West Indies
Escape your daily hassles, and indulge in one of Four Seasons top resort group vacations. 7 days for $29,388.
This package includes:
Magical Things are Happening for Financial Advisors Who Take Control of their Destiny and I LOVE Helping them get MORE than they Think is Possible! What if you can BE HAPPY and Make MORE ???
9 个月Great team !