RIA Rising

Pershing sees bigger AUM in 3Q M&A


Another custodian says it’s seeing bigger RIAs getting bought, although the deals are fewer in number than a year ago. Pershing Advisor Solutions and its research partner, FA Insight, said there were eight transactions in the third quarter with total assets of nearly $16 billion. More than half the deals involved RIAs with more than $1 billion in assets, Pershing said in its quarterly report, “Real Deals;” median AUM was $1.35 billion.

In comparison, seven deals were done in the second quarter, and 13 in the third quarter of 2010. Median AUM in the second quarter was $800 million. Schwab Advisor Services saw a similar trend of larger RIAs getting bought last quarter as well. Private equity companies and RIA aggregators had a big presence in the third-quarter market, Pershing noted.

Please or Register to post comments.

Blog Archive
Investment Category Sponsor Links
Planning Investment Category Sponsor Links
Wealth Planning Category Sponsor Links

Sponsored Introduction Continue on to (or wait seconds) ×