Silver Lane: What Can Banks and RIAs Learn from the RBC/City National Deal?

NEW YORK, Jan. 26, 2015 /PRNewswire/ -- Royal Bank of Canada (RBC) jolted the U.S. wealth management industry on Thursday through the transformational acquisition of City National Bank for $5.4 billion. Thursday's deal comes on the heels of Boston Private's recent purchase of Banyan Partners, and Hudson Valley Bank's recent divestiture of A.R. Schmeidler & Co. Make no mistake, banks are back in wealth management M&A.

What's driving this increased activity and what can banks and RIAs learn from these transactions? Silver Lane Insights tackles this all-important question, providing a framework of strategic alternatives for banks with subscale RIA subsidiaries. In a nutshell, it's Up or Out.

Silver Lane Insights is also pleased include a special contribution from Seward & Kissel, one of the leading law firms advising investment advisors and other financial institutions. Seward & Kissel tackles Hot Topics in SEC Enforcement for 2015: cybersecurity, expense allocations, and best execution reviews. As the firm illustrates in its piece, investment advisors may inadvertently trigger SEC violations even in the absence of malfeasance.

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About Silver Lane

Silver Lane is a premier M&A advisor to the financial services industry. From its offices in New York, San Francisco, and Chicago, the firm serves a broad range of financial services clients, including investment and wealth management firms, multi-family offices, brokerage firms, private and commercial banks, trust and insurance companies, and financial technology firms.

Media Contact:
Janice Maddalone
(212) 883-9402
[email protected]
http://www.silverlane.com

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