SDBJ SPECIAL REPORTS
Climate, Strong Economy, Aging Owners Will Combine to Keep Accounting Firms Busy in 2017
Accounting firms and professionals who handle mergers and acquisitions in the San Diego region anticipate a strong year ahead for such transactions. It seems there are exit signs all around, especially the aging population of business owners, a strong local economy and the expectation of a favorable business climate with the incoming administration.
INVESTMENT: Most Firms Tap Technology For Variety of Services
Billions of dollars in the United States are being managed by algorithms under the auspices of digital platforms such as Wealthfront and Betterment.
Creating Value Is at the Core of Many of Wealth Management Co.’s Moves
Investing is a long-term endeavor. So is building a company.
The year ahead looks almost as scary as it does hopeful for Chula Vista-based Action Drone Inc.
It was a chance trip to San Diego nearly a decade ago that led to Dana Alligood’s new role as the Southern California market executive for Bank of America Merrill Lynch’s Global Commercial Banking business. Alligood says she sees positive indications of continued business growth in San Diego; the bank lent more than $62 million to local companies in the first half of the year, a 77 percent year-over-year increase from $44 million lent in the first half of 2015.
The obstacle to launching a new bank in San Diego surely isn’t a lack of chutzpah. In fact, the Southern California region is leading the charge this year when it comes to asking regulators for the OK to establish financial institutions de novo — that’s “new” in bank speak (and in Latin).
ECONOMY: From Beer To Bots, Star Players Could Be Counted On
2016 was a year in which the San Diego business community continued to build on its strengths — life sciences, health care, craft beer and real estate — areas that should continue to bolster the local economy in 2017.
WORKFORCE: Trust’s Success Requires That It Be Carefully Managed
Local benefits consultants — the innovators San Diego’s business community looks to for help in capping health insurance costs — have identified another industry they believe can gain from a risk-pooling strategy that continues to win converts among tech and bioscience companies.
Asense of loyalty obliges Mission Valley insurance broker Michael Dysart to continue serving his longtime clients in the individual health benefits market. But he won’t take on new customers.
When the last day of 2016 rolls around, the value and number of mergers and acquisitions completed nationwide may not reach the high-water market set in 2015, but the number of major deals in the pipeline and a potential relaxing of antitrust regulations have experts bullish about 2017.
Adam Simpson’s parents worried about his habit of growing small bioscience companies to the point where they would be acquired by a large pharmaceutical company.