Concurrent’s Post

Our acquisition strategy is intentional and careful. I can say with confidence that we seek to create a win-win-win for the teams who join us and their clients and this is another great example. #growwithus

Pleased to be joining the advisory board at the newly launched Encore Group Holdings. 🔁 🔁 🔁 🔁 🔁 Encore is a new operating company that is interested in acquiring and operating small to mid-sized tech and tech-enabled services businesses. Encore has access to institutional capital and can offer founders a fast, friendly and simple exit process, and is able to move quickly to provide liquidity for shareholders. Alex, Isaac, Nick, Peter, Tim and team are looking to fill an obvious gap in the AU capital landscape. It is my good fortune to be working with great friends in "build mode". We’re on the lookout for businesses that meet the following criteria: - Technology or tech-enabled services businesses, industry agnostic - Typically, founder-led and VC backed - Delivering approx. $3m - $10m in revenue - Cash flow breakeven or a level of cash-burn that Encore can solve during due diligence - 100% acquisition Please be in touch directly if I can facilitate an introduction. Learn more here: https://lnkd.in/ga_5JQCh

Farther Secures $72M Series C to Expand Advisor Network and Enhance Platform Learn more & get our take 👇 https://lnkd.in/gqc9kiEc "Removing operational and administrative hurdles creates growth opportunities for our advisors, and they can offer a superior experience to even more clients." — Taylor Matthews, CEO and Co-founder at Farther "We were drawn to Farther both for its strong leadership team and for its unique business model which pairs world-class, proprietary technology with human expertise." — Jesse Wedler, General Partner at CapitalG "Attracting the best advisors to a tech-enabled platform like Farther's leads to accelerating advantage and, ultimately, industry dominance." — Drew Aldrich, Managing Partner at Viewpoint Ventures #SoFNews

According to Constellation Wealth Capital’s website, there is approximately $7 trillion in assets under management (AUM) across nearly 18,000 RIAs in the U.S., a 19% five-year AUM compound annual growth rate (CAGR) for $5 billion-plus AUM firms, and a projected two-times increase in $1 billion-plus RIAs over the next five years. According to the Schwab Advisor Services 2024 Supported Independence Study, the current median AUM of advisors who recently went independent is $278 million, and they expect to oversee $396 million over the next five years. Among advisors considering going independent, the median initial AUM they expect is $176 million, and then $297 million five years later. So there is still a huge opportunity for direct investments by private equity firms in larger RIAs, and a huge need among younger RIAs to achieve scale. In addition to organic growth, support for the latter is likely to come from aggregators and affiliation networks. As multi-billion-dollar RIAs proliferate, external capital infusions also may become more common for smaller RIAs. #wealthmanagement #financialadvisors #acquisitions #recruitment

Thank you, Adriana Z. for spotlighting this urgency. As regulatory bodies like FinCEN and the IRS modernize and centralize data for increased scrutiny, iPaladin offers the only comprehensive system that enables family offices to do the same - ensuring not just compliance but also strategic readiness and certainty. Discover how to equip your family office to streamline operations and meet regulatory challenges head-on. Our Family Office Guide to CTA Compliance provides detailed BOIR requirements, addresses the broader regulatory landscape, and gives actionable steps to fortify and secure your family's legacy. Download the Guide: https://lnkd.in/de4XRGKp #FamilyOffice #CTA #Compliance #Goverance #RegTech #iPaladin

Excellence in technology execution is the underpinning of most businesses of scale. I have heard people say: We are a financial services firm, or a Health care firm, or Insurance firm not a TECH firm - guess what. They are ALL TECH firms. That is what winning companies will understand. Yes it costs money, but most of all it requires leadership who appreciates Tech execution DNA and hires/supports people with those mindsets.

Announcing an M&A deal isn’t just about the financial rationale. Tailor your message for employees, addressing their concerns and highlighting the positive impact. Consistent, clear communication across stakeholders, including —employees, investors, and customers—is crucial. Engage your team early and often to support buy-in and retention. Learn more: https://lnkd.in/gvMDunQ5 #McKMandA

We invited our team to share a little behind the scenes of their roles, values and what they get up to outside of work. Starting with R. Michael Clurman, Jr. Michael is a Managing Director of FocusPoint with over 30 years of experience covering Family Offices and their founders, Private Equity sponsors and Hedge Fund firms in a variety of senior roles. Throughout his career he has developed and maintained relationships within these segments as a trusted capital raiser and advisor to a differentiated clientele base for both Private Funds and Direct Transactions. Michael shares a few insights with us about his role and life outside of the office Q: What role do you currently hold at the firm, and what are your primary responsibilities? A: Product Distribution Q: What led you to join our firm? A: Knowledgeable founders, I've known for 30+ years and a great reputation in the industry. Q: How do you spend your time outside of work? A: Anywhere there is an ocean. Q: What are the core values that guide you in your professional life? A: Truth and transparency. Q: What are the most important skills required when raising capital from experienced investors? A: Investors view of me as a trusted partner/advisor and a long, deep relationship with them.

Boston area financial advisors - Move over to move ahead. You'll wish you did it sooner. Changing firms is a big step in your career. We'll help ensure it's a big step forward. Our Accesslink onboarding experience provides a personalized, seamless transition that keeps you in control with Digital workflows and data at the ready in collaboration with me and a dedicated onboarding specialist. #MaketheMove #CeteraInvestors #SupportedIndependence #Transition

Flexpoint Ford, a private equity firm specializing in investments in the financial services and healthcare industries, agreed to invest in Aquiline Capital Partners-backed Accuserve Solutions, an independent managed repair services platform. Financial terms were not disclosed. "This investment in Accuserve marks a significant milestone for our Company. Flexpoint's support will provide the capital and strategic insight needed to continue innovating and developing industry-enhancing solutions for our clients and enable Accuserve to execute on its long-term growth plan. We are grateful for Aquiline's partnership and look forward to this next chapter," Hunter Powell, Accuserve Solutions CEO. Accuserve Solutions (led by Hunter Powell and Reid Schellhous) is advised by Jefferies, Waller Helms Advisors and Willkie Farr & Gallagher LLP. Aquiline Capital Partners (led by Jeff Greenberg) is advised by Apella Advisors. Flexpoint Ford (led by Don Edwards) is advised by Piper Sandler, Kirkland & Ellis and Prosek Partners. #MergersAcquisitionsDivestitures #Repair #Restoration