Mac O’Brien, Chief Growth Officer at Rothschild Wealth Partners, was recently featured in Financial Planning’s article, “As Private Equity Reshapes RIAs, Advisors Look for Alternatives.”
The article examines how the surge in private equity activity is reshaping the RIA landscape and how advisors are rethinking their paths to ownership, succession, and independence as a result.
Mac offered perspective on what makes private equity attractive to advisors nearing retirement, noting that speed, price, and the sense of certainty are key drivers. He also spoke to the broader impact PE has had on the industry’s succession culture.
“Private equity has forced a lot of the big firms in our industry to establish a defined structure for both retiring and [second-generation] advisors,” O’Brien said. “That’s a good thing. Of course, with more competition from private equity, packages and terms for retiring advisors have improved.” Mac also emphasized that internal succession remains a viable path but one that requires intentionality and discipline.
Financial Planning members can read the full article here.
