Today's Viewpoint: A MarshBerry Publication

Wealth Advisory Merger & Acquisition Deals in 2022 Hit New High-Water Mark

Driven by private equity-backed buyers and an increased interest from insurance brokers, M&A activity in the Wealth Advisory space refused to be stifled by the economy and delivered a record number of transactions in 2022.

Records were meant to be broken. Considering the difficult economic year that 2022 presented – with the Federal Reserve looking to tame inflation with aggressive rate hikes, and volatile financial markets that saw the S&P 500 drop nearly 20 percentage points – merger & acquisition (M&A) activity in the wealth advisory space delivered a record number of transactions in 2022.

As of January 13, 2023, there were 292 announced wealth advisory M&A transactions in the U.S. in 2022. This represents a 7.4% increase over 2021’s total deal count of 272, setting the new M&A record and clearly showing buyers’ continued and increasing interest in retirement and wealth advisory firms.

What makes 2022 even more impressive was that it followed a record volume of closed transactions in Q4 2021 driven by concerns of a potential federal capital gains tax increase in 2022 motivating a record number of owners to sell their firms in 2021. Even so, 2022 showed consistency in volume with 69 or more transactions each quarter.

Learn more about wealth advisory transactions in 2022 and the 2023 outlook by downloading MarshBerry’s Wealth Advisory Q4 M&A Market Trends Report.

If you have questions about Today’s ViewPoint or would like to learn more about how MarshBerry can help you drive value for your business, please email or call John Orsini,  Director, at 440.220.4116. 

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