DeVoe: RIA Valuations At All-Time High

DeVoe& Company, the San Francisco- based consulting firm and investment bank, reported in its quarterly RIA Dealbook Wednesday that M&A volume in the RIA space is up 30% over the same time period last year, and“ valuations are at an all-time high. “An RIA with $500 million in AUM would have sold five years ago at between five times and seven times cash flow,” he said.