David DeVoe ran Schwab's advisor mergers and acquisitions practice for eight years, but he's now out on his own making the deals happen independently.
As he tells reporters, the RIA space is so incredibly fragmented -- 16,000 firms -- that the opportunity for consolidation is vast.
And he's seen more deals than just about anyone, so he's ideally suited to consult and facilitate new ones.
He already has one big client and urges other RIAs on the merger trail to think strategically. His client is adding technology and expertise, not just naked AUM.