FP Transitions sees solid M&A activity in second half

Noting that 2020 has been a strong year for deals involving registered investment advisory firms, FP Transitions projects it will handle 22 transactions totaling $35 million in the third quarter and 16 transactions with volume of $30 million in the fourth quarter.

“If our projections are correct, 2020 could outperform 2019,” said CEO Brad Bueermann.

[More: Despite COVID, RIA deals headed for another record year]

The firm said it closed the second quarter with roughly $43 million in total deal volume, representing an aggregate transfer of $1.73 billion in assets under management.

“That exceeded our expectations by almost 18%,” Bueermann said.

[More: As M&A activity ramps back up, RIAs need to bone up on the details]

The post FP Transitions sees solid M&A activity in second half appeared first on InvestmentNews.

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