 When there’s a lot of uncertainty, it spooks clients…I think we’ll see an uptick when the headlines begin to normalize.”Nick Georgis, vice president of practice management and strategic business development at Schwab Advisor Services |
RIA deals fizzle in the fourth quarter but big-paying banks are getting back into the game
Brooke Southall | RIAbiz, January 2012
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Summary: 4thQuarter 2011 M&A deals were down in volume. Schwab Advisor Services reports that there were only 57 M&A deals involving RIAs for the full year 2011 representing approximately $44 billion in total assets. There were 70 deals in 2010 representing $63 billion in AUM. It’s worth noting, however, that the 57 deals were still the second-most ever recorded by Schwab since it started counting them in 2004. The size of the average deal in 2011 was $798 million, the lowest average since 2005 and down from $895 million in 2010.
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