For the right firm, the high price tags are appropriate given the growth trajectories. “If you can acquire a firm and increase the profitability and make them grow faster, you can pay more," said David DeVoe, speaking at the DeVoe & Co. 2021 M&A+ Succession Summit.
According to charges filed by the Justice Department and the SEC, New Jersey-based b/d and investment advisor Kenneth Welsh used clients’ funds to buy gold coins and precious metals.