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David DeVoe on the State of RIA M&A and How to Maximize Your Firm’s Valuation

Steve Sanduski

In a nutshell: RIA valuations are high. ’ How about client experience? It should be growing at 9% or 10%, and was back in 2017, and that’s what I as a strategic person think should be happening for a model that’s so great. Private equity is everywhere. Industry consolidation is accelerating. ‘Yes.

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2017 Year-End Planning Letter

Brown Advisory

2017 Year-End Planning Letter. Mon, 12/04/2017 - 13:10. The outcome of the tax reform debate is likely to impact how we advise clients on tax planning, estate planning and a host of other topics. We are closing 2017 with nearly the same stance as last year. Spotlights for Prudent Planning in 2017.

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Global Leaders Investment Letter - Q2 2017

Brown Advisory

Global Leaders Investment Letter - Q2 2017 ajackson Fri, 06/30/2017 - 09:50 Global Leaders Strategy Investment Letter - Q2 2017 In this letter the team discuss the equity market euphoria and Robert Shiller’s cyclically adjusted price-to-earnings (CAPE) valuation tool in detail.

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Global Leaders Investment Letter - Q2 2017

Brown Advisory

Global Leaders Investment Letter - Q2 2017. Fri, 06/30/2017 - 09:50. Global Leaders Strategy Investment Letter - Q2 2017. In this letter the team discuss the equity market euphoria and Robert Shiller’s cyclically adjusted price-to-earnings (CAPE) valuation tool in detail.

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Things Change

The Better Letter

My favorite client, a pension manager for over 40 years, sardonically reminded me that someone buying 100-year bonds issued by the world’s leading entertainment business a century before would have purchased the debt of a player-piano company. We were Morgan Stanley’s co-manager. All 1990 list members are gone by 2010.

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Outlook for 2019 | The Measure of All Things

Brown Advisory

But the drop in valuations experienced at year’s end, alongside higher bond yields, offer a foundation for better long-term return expectations across most asset classes. Given that backdrop, many of our client conversations during the back half of 2018 centered on how we might balance these opportunities and risks. In non-U.S.

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Balancing Act | Pulling the FANGs Apart

Brown Advisory

Balancing Act | Pulling the FANGs Apart achen Thu, 12/14/2017 - 11:34 The “FANG” companies—Facebook, Amazon, Netflix and Google—have been a dominant investment story in recent years. All of these companies have generated attractive returns in recent years, and in 2017 in particular. Through Nov.