Do digitally efficient brokerages make better acquisition targets?
Brokerage owners shouldn’t just invest in digitization for its own sake, says one financial advisor. They should do it to make a purchase and integration easier for consolidators. Consolidators don’t necessarily expect small brokerages to digitize before acquisition, said Alex Wong, partner at Smythe Advisory, because they’re not necessarily buying them for their technology. “The […]
By Phil | December 2, 2022
3 min read