The recruiting wars are here. It was just a matter of time before it happened to the Independent BD and RIA space. With so much money being invested by private equity firms into IBDs and RIAs, we were going to inevitably have recruiting wars that was going to drive up deal prices. The one thing all of these institutional investors have in common is an insatiable thirst for growth. Be careful not to get caught up in “the deal” and do your due diligence for the right fit.