The number and size of mergers and acquisitions among RIAs is on the rise, even as revenue and profitability are increasing.
This is according to Schwab Advisor Services, which found that total and average deal size both rose during the first six months of 2015.
According to Schwab, that's an indication that "the industry has both the financial means and the appetite to make strategic moves in order to achieve scale and gain competitive strength."
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