Linda Paullin-Hebden, partner and co-chair of the firm’s Mergers and Acquisitions Practice Group, brings us today’s Legally Speaking: Broker-dealer and Investment Adviser Industry Insights vlog on the topic of client consent in M&A transactions. A significant aspect of Linda’s practice includes representing registered investment advisers and broker-dealers in the sale of their businesses or the purchase of another business. However, in this highly regulated space, there are additional requirements that must be completed before the sale. One of those requirements is obtaining client consent – either written or implied. Client contracts requiring written consent may pose issues to completing a sale. Linda walks us through the differences between written and implied consent, how to obtain written consent and how to structure client contracts to minimize potential delays for future M&A opportunities.
View the video below.
RIA: Client Consent in M&A Transactions
Look for additional Warner vlog recordings in the near future from Warner’s Funds and Investments Industry Group.
