ClearestView Financial Partners (CV Financial) and Best Perspective Capital (BPC) are two New England-based full-service investment advisory firms that are considering a merger.
CV Financial has three shareholders and is about 5 years old; its principals came from a major wire house. It has grown, mostly through acquisition, to about $2.5 million in annual revenue. BPC has two equal shareholders who have grown their practice to about $2 million in annual revenue, with 3 staff members, over the past 25 years.
Both firms have had formal valuations of their firms and have shared them with each other. Neither perceives significant issues with the financial terms. They are concerned about other deal terms and the cultural fit of the two firms, however... READ MORE