Community | {} A New Model for RIA M&A? - View topic

Updated Sunday, May 26, 2013 as of 2:51 AM ET

When Savant Capital Management, a $2.2 billion registered investment advisory firm, and The Monitor Group, a $500 million RIA, announced earlier this week that they were planning to merge, many industry pundits were left scratching their heads. Why were two reasonably successful RIAs merging?

Read the Full Article

Post a reply

1 post • Page 1 of 1

A New Model for RIA M&A?

by Stephen Winks » Fri Apr 27, 2012 10:56 am

Brent Broadeski is one of the most uniquely capable adfvisors in the country, not in just building a $2.2 billion shop but as a CPA he has developed first hand expert understanding of the intricacies of authenticated prudent process which makes fiduciary standing safe, scalable, easy to execute and manage as a high margin business at the advisor level.

As a founder of the Zero Alpha Group (five of the top ten DFA firms) is has wrestled with the issue of scale which can not be achieved with individual RIA practices or by todays crop of RIA Roll-up firms.

Savant/Monitor does something no one to date has achieved: (a) expert portfolio construction, monitoring and management, (b) support for expert fiduciary standing with authenticating statutory documentation confirmed by expert opinion letter, (c) streamlined operations around a functional division of labor (Advisor, CIO, CAO functions) which makes advice safe, scalable, easy to execute and manage.

Unless a firm is steeped in technical expertise with a focus on scale and technical competency it is an extraopolation of a brokerage format inconsistent with fiduciary standing.

Savant/Monitor is a significantly different animal that, that makes roll-ups divorced from advisory services expertise pail in comparison.

SCW