RIA Mergers Plunge in Q3 as DOL Rule Delayed
November 14, 2017 by Cyril Tuohy
Merger and acquisitions among registered investment advisors plummeted in the third quarter to their lowest level in nearly three years.
Advisors see less reason to merge in the wake of an 18-month delay in the implementation of the fiduciary rule, a new survey found.
Only 29 transactions were reported, down from 37 in the year-ago quarter, according to the survey by DeVoe & Co.
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Originally Posted at InsuranceNewsNet on November 8, 2017 by Cyril Tuohy.
Categories: Industry Articles