Brokerage Firm Mergers & Acquisitions:
The Ongoing Consolidation of Full-Service Brokerage Firms, Independent Broker/Dealers, and Discount & Online Brokerage Firms

Recently Released!!!
Date Published: February 9, 2023
Summary PowerPoint Deck: 101 Slides

Reference PowerPoint Deck: 544 Slides

The purpose of this research is to provide readers with a comprehensive understanding of the ongoing consolidation taking place amongst brokerage firms. Glass Steagall fell in 1999 and the financial services industry picked up its mergers & acquisitions trend, with brokerage firms being popular acquisition targets. This research is part of Tiburon's broader coverage of wealth management firms mergers & acquisitions, its broader coverage of wealth & investment management firms mergers & acquisitions, and its even broader coverage of financial services industry mergers & acquistions.

This research addresses brokerage firm mergers & acquisitions variables & valuation metrics, the leading acquisitions, and the leading acquirors.

This research defines distinct brokerage firm mergers & acquistions market segments, including:
  • Full-Service Brokerage Firms
  • Independent Broker/Dealers
  • Discount & Online Brokerage Firms
And this research makes several future predictions for brokerage firm mergers & acquistions, including:
  • Moderate Growth in Brokerage Firm Mergers & Acquisitions
  • Fastest Growth in Independent Broker/Dealers Mergers & Acquisitions
  • Moderate Growth in Transaction Values, with Fee-Based Brokerage Firms Earning the Highest Multiples
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