Hightower's investment in Westchester-based Siller & Cohen Family Wealth Advisors is its third transaction of 2021. Hightower CEO Bob Oros says the pandemic was a wake-up call for many RIA founders, and expects more deals to come.
Even day traders and people who prefer set-and-forget index fund investments have come to realize that there’s a lot more components involved in building wealth.
Armed with information and generally more socially conscious than previous generations, many of today’s investors are searching for financial advisors who can execute their vision.
After a white-hot 2020, M&A experts believe we still haven’t reached a peak; many expect deal structures to evolve and new buyers to find the market in the coming months.