Investment Advisory Article

Live Oak Bank Crosses Investment Advisory Lending Milestone

By |July 22nd, 2014|

$100 Million in loans have been made to Investment Advisors nationwide

WILMINGTON, NC – July 1, 2014 – Live Oak Bank, the nation’s only bank whose sole mission is to lend to independent business owners, announced today that it has  extended a total of $100 million dollars in loans to Investment Advisors, reaching this milestone after only sixteen months of lending activity.

Advisors have taken advantage of the Bank’s lending programs to acquire other firms, purchase books of business, finance succession plans, tuck-in advisors to their platforms, gain access to working capital and buy their corporate real estate.

“When we launched this specialty, there was a real lack of capital available to financial advisors who wanted to grow their business. By reaching this milestone we have proven our theory that advisors are eager to leverage financing to achieve their objectives,” said Steve Smits, General Manager of Investment Advisory Lending.

Live Oak Bank’s Investment Advisory vertical debuted in late 2012. With financing in great [...]

Fidelity Launches New Program To Help Independent Advisors

By |June 11th, 2013|

Announces Strategic Alliance with Live Oak Bank to Offer Financing Options
BOSTON, June 11, 2013 — Fidelity Institutional Wealth Services, a division of Fidelity Investments®, today unveiled a new program designed to help registered investment advisors (RIAs) plan and execute mergers and acquisitions (M&A). This comprehensive offering includes the three components that advisors need to successfully execute an effective M&A program: insights and education regarding M&A strategy, connections to firms that are looking to buy another firm or be acquired and access to financing.

According to a 2011 Fidelity studyi, within the next three years, nearly two-thirds (63 percent) of RIAs that participated in the study would consider acquiring another firm, while more than one-third (38 percent) of the participating advisors would consider merging with another firm. Fewer — just 16 percent of the participating firms — were interested in selling their firms.

“While many RIAs are interested [...]