Peter Mallouk talks crazy deals, declining multiples and life as a clubbie
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Creative Planning CEO Peter Mallouk joins This Week in Wealth to discuss the state of RIA M&A, how his own role has evolved, and what’s next for his $370bn firm.
Mallouk, who has completed scores of acquisitions, including the 2023 deal for Goldman Sachs Personal Financial Management, explains why there is still plenty of PE money chasing RIAs but argues that multiples are increasingly challenged for larger firms, unless they are growing organically.
In a wide-ranging interview, Mallouk also shares how his responsibilities have changed and looks back at a formative job for the Kansas City Royals.
Mallouk, who has completed scores of acquisitions, including the 2023 deal for Goldman Sachs Personal Financial Management, explains why there is still plenty of PE money chasing RIAs but argues that multiples are increasingly challenged for larger firms, unless they are growing organically.
In a wide-ranging interview, Mallouk also shares how his responsibilities have changed and looks back at a formative job for the Kansas City Royals.