RIA Valuations Update: Looking Beyond the Headline Multiple – Dynasty Financial Partners – 6.5.26

Summary:

Hosted by Dynasty Investment Bank, this webcast will provide an overview of the current state of the RIA M&A market, including valuation trends and the factors influencing transaction activity. We will discuss why headline valuation multiples often tell only part of the story and explore the underlying considerations that can significantly impact deal value and outcomes for sellers.

Topics will include:

• An overview of the current RIA M&A market landscape and valuation environment, including why headline multiples may not fully reflect the true economics of a transaction
• A breakdown of the common deal structures being used in today’s market and how specific structural features can materially impact seller economics
• Key distinctions between minority and control transactions, along with guidance on what owners should focus on when evaluating offers to ensure they are making accurate, apples-to-apples comparisons rather than relying solely on headline numbers

Accepted for 1 CFP / IWI / CFA CE Credit

Speakers:

Sam Anderson is Chief Capital Officer and Co-Head of Dynasty Investment Bank at Dynasty Financial Partners LLC. Prior to joining Dynasty, Sam was Senior Managing Director and a member of the Management Committee at Medley Management Inc. Prior to joining Medley, Sam was Head of Commercial Finance M&A within the Financial Institutions Investment Banking Group at Goldman Sachs. Prior to joining Goldman Sachs, Sam was a member of the Investment Banking Financial Services Group at Bank of America. Prior to his time at Bank of America, Sam held various positions at Citi Smith Barney.

Sam is from New Portland Maine, a graduate of Bates College where he received his BA in Economics and was Captain of the Bates NCAA Division I alpine ski team. Sam currently lives in Vail Colorado with his wife Lisa and their three children. Sam and family are active in numerous local charities with a focus on youth sports.

Mr. Baltch is responsible for leading Dynasty’s Investment Banking division. Prior to joining Dynasty, Harris spent nearly a decade at UBS Investment Bank where he was an Executive Director in the firm’s Financial Institutions Group. While at UBS, Harris originated, led and executed over $10 billion of strategic M&A and capital market transactions for companies in the asset and wealth management industry.

Earlier in his career, Mr. Baltch worked at PricewaterhouseCoopers LLP in the Banking and Capital Markets Group. He has over 15 years of financial services experience and earned his M.B.A. from the Johnson Graduate School of Management at Cornell University. He also received a B.S. in Accounting at Binghamton University and is a certified public accountant, registered in the State of New York.