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The Securities and Exchange Commission (SEC) has charged Pacific Investment Management Company (PIMCO) $9 million for disclosure, policies and procedures violations involving two funds the firm advises on.
Deal volume was comparable to this period last year, with investors maintaining a cautious approach in assessing acquisition opportunities and with numerous well-funded buyers mindful of the high cost of capital. billion in insurance agency and brokerage transactions since 2014.
Deal volume was comparable to this period last year, with investors maintaining a cautious approach in assessing acquisition opportunities and with numerous well-funded buyers mindful of the high cost of capital. billion in insurance agency and brokerage transactions since 2014.
Sica | Fletcher has been providing M&A advisory services to agencies and brokerages of all sizes for a decade. In that time, we’ve represented thousands of clients and quickly became one of the most active boutique M&A advisory firms in the market today. CALL OUR TEAM Why Sica | Fletcher?
Investors continue to be more selective when evaluating acquisition opportunities, with many well-funded buyers in the market still mindful of the high cost of capital. The firm was founded in 2014 by Michael Fletcher and Al Sica, two of the industry's leading dealmakers who have advised on over $17.5
Insurance Brokerage Policy Diversification Benchmarks Note: The data above is based on our experience as one of the most active insurance M&A advisory firms in the industry for the last 10 years, as well as from our Sica | Fletcher index, which monitors approximately 70% of insurance M&A deals. Trust Accounts. Fiduciary Compliance.
To begin, we need to start with a few definitions: Investment Banks: We use the colloquial meaning of “investment banks,” which often includes M&A advisory firms and other financial services firms that facilitate the growth and sale of insurance agencies around a possible sale.
Beyond Capital Ventures is a trailblazing, women-led venture fund committed to making a transformative impact in emerging markets. Our journey reached new heights with the launch of Beyond Capital Ventures, our second fund, in April 2021. In 2014-2015, we decided to take our impact to the next level.
Generally, these fall into two distinct categories of advisory firms or investment banks. M&A Advisory Firms vs. Investment Banks We should emphasize that the comparison information above is generalized , and may not apply to all such firms or banks.
The difference between investment banks and M&A advisory firms, for example, is particularly difficult to understand. The simplest answer is, “it depends on whether you need funding/want to grow your agency prior to the sale.” Do You Need Investment Banks for Insurance Sector Deals?
Joining the industry after graduating from business school at the age of 20, Papanichola has an impressive track record that spans across five hedge funds and two banks. I cut my teeth in investment trust arbitrage and fund reconstructions. The hedge fund favours what Papanichola pegs as an up-and-coming investment style.
Since H2 2022, industries across the board (including insurance) have seen declines in deal volume as prospective buyers have withheld their funds for more favorable conditions in which the cost of debt is not so high. Buyers will become less choosy. Talk To An Advisor We acknowledge our bias on this one, but the research doesn’t lie.
simply wants to settle down and not have to worry about money. Need funds. And it certainly does not stop less-than-reputable advisory firms from agreeing to represent you and taking their regular retainer fees, despite knowing full well your agency can’t be sold. doesn’t have any strong succession prospects, or b.) Let’s Talk.
Financing allows buyers who are short on liquid funds to purchase an insurance agency for a limited upfront payment in exchange for continued payments over time, with interest. receive additional funds as a shareholder while the company grows. Sellers see equity as an opportunity to a.)
About Sica | Fletcher: Sica | Fletcher is a strategic and financial advisory firm focused exclusively on the insurance industry. Founders Michael Fletcher and Al Sica are two of the industry's leading dealmakers who have advised on over $16 billion in insurance agency and brokerage transactions since 2014.
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