The first quarter saw an uptick in mergers and acquisitions among independent registered investment advisors, according to data from Schwab Advisor Services. At the same time, there was a hefty drop in the amount of assets under management involved in those deals.
Schwab reported 13 M&A deals across the RIA landscape during the quarter, which was the most since the 17 deals completed in last year’s first quarter. That puts 2013 on pace to exceed last year’s total of 45 deals.
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