Mergers and acquisitions of registered investment firms held at a steady pace in 2014, with 54 transactions, the same number reported in 2013, according to Schwab Advisory Services.
Assets of last year's sales totaled $47.4 billion, up from $43.6 billion in 2013. The average sized of last year's deals was 9 percent higher than in 2013.
"It remains a seller's market for RIAs, and the industry is in a position of strength as firms grow in value and more advisors and acquirers continue to be drawn to the independent model," said Jonathan Beatty, senior vice president of sales and relationship management for Schwab Advisor Services.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
