Nov 19
‘It’s Still Early’: Bob Oros Says RIA Acquisitions Will Continue for Years by Jane Wollman Rusoff - ThinkAdvisor
“This isn’t a late inning.” The long-running trend of RIA acquisitions is “going to continue for years to come. It’s still early,” argues Bob Oros, chairman and CEO of the aggregator Hightower, in an interview with ThinkAdvisor.
On the whole, if an RIA wants to “preserve” its practice and value proposition in the long term, they “need to expand what they offer,” Oros adds.
Whether that means doing so on their own or partnering with a firm such as Hightower is a decision they’ll need to make, he says.
Oros came to Hightower in 2019 and morphed it from what was primarily a lift-out acquiring wirehouse teams into an aggregator focused solely on RIA acquisitions.
