blackdiamond.advent.com | info@advent.com How Rising Interest Rates Call for Fresh Approaches to Wealth Management M&A Strategies Over the last several years, merger and acquisition activity within the financial-advisor industry remained strong, with valuations for registered investment advisory firms in 2021 up 15-25% from a few years ago and hitting an all-time high, according to DeVoe & Company, a leading M&A consultant serving RIAs. 1 Although the main buyers are consolidators and private equity firms, a combination of older advisors seeking to retire and low-interest rates made financing easier for younger advisors seeking to buy businesses. However, to tamp down inflation, the U.S. Federal Reserve is on track to aggressively hike interest rates several basis points

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