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INSIGHTS

NCP's professionals contribute regularly to the media about the financial services industry. Below are some recent examples. In addition, our founder has published four books on M&A with McGraw-Hill.

Fruit Pie

September 1, 2021

RIA Wealth Managers Scramble to Sell Minority Stakes, But Should They? 

The volume of minority stakes in RIAs has doubled, as interest continues to increase. What should wealth managers keep in mind when considering a deal?

Fire

April 30, 2021

Tax Hikes to ‘Light a Fire’ Under Red-Hot Market for RIA Deals

The acquisition frenzy for independent advisory firms may be about to get even hotter due to President Biden’s proposal for tax increases on the wealthy.

Fist Pound

April 6, 2021

M&A is Booming in the RIA Channel. Where Do Earnouts Fit In?

Earnouts are the unwelcome guests at the otherwise raucous RIA mergers and acquisitions party, where new records for deal activity keep getting shattered.

2021-02-26 -- Cornerstone Tombstone (min

March 1, 2021

NCP Advises on Cornerstone's Combination with Pathstone

The combination increases Pathstone's client assets to nearly $25 billion and creates a preeminent platform in impact investing.

Dollars

January 12, 2021

"Some People Rushed" — What's Behind the Recent Surge in RIA M&A?

Tax hike concerns and record-high markets are contributing to January's banner month for dealmaking.

Christmas Tablescape

December 24, 2020

Christmas Comes Early for Big Tech as SEC Approves Primary Direct Listings

The SEC delivered a lump of coal to public market investors this holiday week by approving primary direct listings in lieu of traditional IPOs. Here's why.

Office

December 7, 2020

WealthTech 2.0: BofA Strikes Again

In a replay of the late 1990s, industry behemoths such as BofA are "fast followers" in wealthtech. Start-ups might heed a cautionary lesson about the origins of now-defunct innovators in online banking, all of whom were outmaneuvered by the incumbents.

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October 20, 2020

NCP Invests in $2.7 billion RIA, Pure Financial

The new merchant bank bought a minority stake in Pure Financial Advisors, a $2.7 billion California RIA. The investment marks NCP's second minority investment since launching in September 2020.

Kids with Capes

August 18, 2020

Financial Planning's Hero Opportunity

COVID-19 has devastated the finances of tens of millions of Americans. The financial planning industry has a "hero opportunity" to provide the public with pro bono advisory assistance. Here's how to help (and how to find help).

Red Fireworks

May 27, 2020

What Does the Explosion of Minority-Stake Deals Mean for the RIA Industry?

For the RIA principal who wants cash, control and chips off the table, it's M&A ambrosia; but sophisticated buyers may be extracting more value than sellers realize. We add our perspective.

Go Team

February 2020

Evaluating Your Firm with the Future in Mind

PODCAST: Peter Nesvold and Liz Nesvold speak with Jeff Concepcion of Stratos Wealth about mergers, acquisitions, and succession planning in the wealth management industry.

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August 31, 2021

NCP Advises ESG Manager, Pearl Impact Capital, in Combination with Calamos Investments

The deal marks NCP's fifth since launching a year ago. NCP's deal team was led by Peter Nesvold.

Screenshot_2021-04-27 Buy, Sell or Grow

April 27, 2021

Buy, Sell or Grow? Financing Solutions for S- and C-Corp Investment Advisors

RIAs organized as S- or C-corps face tax and legal complexity when financing growth and succession. This article offers solutions.

Clock Gears

March 30, 2021

The Right Compensation Models to Attract and Keep Talent

Compensation is vital to attracting and retaining talent, especially when the battle for top advisors is raging. This article lays the groundwork.

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February 2, 2021

Best Business Books for Financial Advisors

NCP's book, The Art of M&A Valuation and Financial Modeling, made AdvisorEngine's list of recommended reads for RIAs and financial advisors.

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January 6, 2021

Peter Nesvold Drops Hints on His Next RIA Deal

The former Silver Lane exec and founder of a new merchant bank tells ThinkAdvisor what he looks for in an RIA investment.

The Business Page

December 23, 2020

Can SPACs Work In The RIA Market?

The number of special purpose acquisition companies (SPACs) entering the market has risen more than four times this year. Should wealth management firms consider these vehicles for founder liquidity?

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November 17, 2020

A Hotshot Canadian CEO Rips through the RIA Market Like the Polar Vortex

Kurt MacAlpine plans to keep buying fast and fearlessly for CI Financial. Some skeptics say frothy valuations and high debt are ratcheting up risk. We contribute our thoughts.

Stock Market Quotes

October 5, 2020

Direct Indexing to Challenge ETFs' Dominance

Just as ETFs disrupted the wealth management industry in the early 2000s, so too is direct indexing poised to do so now. Here's why individual investors are poised to benefit.

Baseball Ball

October 5, 2020

Steve Cohen Would Be a Better Crisis Manager of the NY Mets than A-Rod

The Mets' sale process offers insight into why many turnarounds fail. Key variables include streamlined decision making and the propensity to make substantial financial sacrifices to effect change. 

Sharp Shinned Hawk

May 8, 2020

Antitrust Hawks Spot New Prey through COVID-19 Eyes

Selected members of Congress are also rallying behind the Pandemic Anti-Monopoly Act, sweeping legislation that would outlaw most mergers and acquisitions until the COVID-19 pandemic ends.

Bank

January 2, 2020

The Smart Acquisition in a Low Interest Rate Environment

The last decade has been a difficult operating environment for the traditional bank model. It’s no wonder that banks seek RIA acquisitions to diversify and reinvigorate profitability.

Video Conference

May 6, 2021

Webinar Alert! Buy, Sell or Grow? Financing Solutions for S and C Corps.

In this webinar, NCP partners with the law firm of Seward & Kissel to discuss tax and legal solutions for RIAs structured as S- or C-corps.

Wall Street Sign

April 9, 2021

SPACs: Wall Street's Latest Trend

This 60-minute webinar offers an instructional primer about the logistics of special purpose acquisition companies (SPACs), including the pitfalls and promises of this innovative financing vehicle.

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March 17, 2021

Inside the Collaboration Between CI Financial and Emigrant

CI’s recent acquisition of Brightworth, and a shared-services agreement, highlight a budding partnership between the two serial RIA investors.

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January 26, 2021

CI Financial Tops Its 2020 MVP Year with a Grand Slam Acquisition

CI Financial's sophomore slump is already over after a January deal that eclipses the AUM of its MVP rookie year rolling up U.S. RIAs. 

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January 1, 2021

NCP Provides a Portfolio Update Following Its Inaugural Year of Operation

In its inaugural year of operation, NCP is pleased to have invested in two preeminent RIAs with aggregate assets of approximately $20 billion.

Cheesecake

December 14, 2020

Ten Pros and Cons of Minority-Stake Investments

More RIAs are selling minority stakes to investors. What are the options for sourcing capital—whether for growth, liquidity or succession—without ceding control?

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November 12, 2020

What CI Financial's Acquisition Spree Means for U.S. Wealth Management

This article looks behind the stunning numbers – and the upstart Canadian buyer – that are upending the U.S. RIA merger and acquisition market. We contribute our thoughts.

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September 27, 2020

NCP Takes Minority Stake in $16 billion Firm, Stratos Wealth

Veteran RIA investment banker Peter Nesvold has launched his own investing business—and for his first act, has taken a minority stake in Stratos Wealth, which comes with a seat on Stratos' board.

king costume

July 7, 2020

The Emperor Has No Clothes! Are Investors Misled about Private Equity?

Are investors misinformed about private equity? A new study from Oxford raises important questions about how returns are measured and whether private equity actually outperforms public equities.

Investment Chart

May 1, 2020

Private Equity Still Loves Wealth Management

Despite COVID-19 lockdowns, private equity still covets the wealth management industry. This articles examines some of the financial drivers behind PE's continued interest in the RIA industry.

The Future

January 2020

The Future of FinTech: Private Equity Perspectives

PODCAST: Peter Nesvold speaks with BDO about the outlook for private equity in fintech for 2020.