FinConnect Advisory Group's Tim Lane featured in the Professional Planner update on the Mergers and Acquisitions market.
"Meanwhile, Tim Lane, partner at FinConnect Advisory Group, is finding that some advisers want to stay in the business but are tired of all compliance and complexities.
“Those looking to merge are traditionally sole practitioners who are tired of managing systems and processes,” he says.
“They love sitting in front of a client but are growing to hate the behind-the-scenes of running the business.”
Lane says firms are largely looking to acquire because, in contrast to a merger, they know buying allows them to carry on their operations and shape the business themselves.
“A merger is always a more complex transaction so they tend to take longer and happen less often,” he says."
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