Wealth Adviser M&A Soars as Goldman, Private Equity Eye Fees

Wealth Management | Dec 6, 2019 at 4:00 PM
  • Investment adviser deals, once a fragmented backwater of financial services, are surging as Wall Street eyes fees in a business with pricing power.
  • Mergers and acquisitions involving wealth advisers and brokers reached a seven-year annual high in November.
  • Clients typically pay registered investment advisers, or RIAs, about 1% of assets a year for personalized service such as portfolio construction, estate planning and tax strategies.