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Wealth and Asset Management
Wealth Manager Study Says Deals Surged as Prices Dropped
Mergers and acquisitions among wealth managers rose in 2013, with almost $760 billion of client assets traded, according to Scorpio Partnership. More than 60 transactions occurred this year, with purchase prices tumbling to an average of 1.22 percent of managed assets from 3.7 percent in 2008, the London-based consultancy said…
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