Date: Tuesday, October 21, 2025
Time: 2:00 – 3:00 p.m. ET
Location: Virtual
Contact: Elise Hoffer, 513.352.6748, Elise.Hoffer@ThompsonHine.com
A webinar presented by Thompson Hine LLP
Beyond the Prospectus: Rethinking Securities in Modern Investing
Join us for an afternoon break to chat about hot topics and trends relevant to your business. Our concise and practical discussions will focus on a variety of developments that impact financial service industries, and we’ll offer insights and considerations that will certainly be of interest to you.
Session Eight: Registered Investment Advisor Dealmaking:
Strategy, Risk and Readiness
RIA M&A activity remains robust, driven by advisor demographics, recurring revenue models, and operational scale. This session will unpack valuation, deal structures, and regulatory considerations—plus practical steps to protect value and minimize risk on both sides of the table.
Our speakers will address:
- Market drivers: RIA M&A and the current buyer landscape (including PE)
- Valuation drivers: AUM, revenue quality, EBITDA multiples, client demographics, growth, team/succession, tech/ops, compliance, brand/niche
- Deal structures: equity vs. asset purchases—tax, liability, and transition
trade-offs - Regulatory and compliance: key filings/disclosures, common diligence red flags, recent SEC exam trends
- Diligence priorities: compliance, client contracts/consents, personnel, and succession planning
- Client and talent retention: communication within regulatory constraints; employment agreements and restrictive covenants
- Post-closing integration: aligning compliance programs, tech/ops, client transitions, and billing/financials
- Near-term prep: steps sellers should take 2–3 years out; buyer integration readiness
Moderator: Andrew Davalla, Partner, Thompson Hine
Panelists:
- Shelbie Harvey, Senior Managing Associate, Thompson Hine
- Salvatore Faia, Esq, CPA, CFE, Vigilant