While M&A has been one of the most dominant themes in the RIA industry over the past several years, the battle for a limited supply of talent might be the defining theme of 2022. With compensation increasing for high-quality talent, a number of firms are finding it easier to acquire talent than it is to hire talent. How will this continue to play out over the course of 2022?
In this episode of RIA Edge, Mark Bruno, managing director at Informa Wealth Management, speaks with Brian Hamburger, founder of Hamburger Law Firm and MarketCounsel, about competition in the RIA industry and the future of the independent channel.
Specifically, Mark and Brian discuss:
- The major driving forces behind the competition to gain talent;
- How top companies are retaining talent compared with other businesses;
- How the competition for talent has influenced compensation and incentives; and
- What causes M&As to fail.