Taking stock of a remarkable year in asset and wealth management
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Rebecca Ungarino
Dec 28, 2020, 18:24 IST
Jeenah Moon/File Photo/Reuters, Franklin Templeton, Yuri Gripas/Reuters
For the wealth and asset management industries, this year was marked by widespread consolidation, fierce competition for financial advisor talent, and firms doubling down on their wealth businesses.
Investment management merger and acquisition activity in the US was valued at some $28 billion this year, the highest overall deal value in the sector since $29 billion in 2000, according to data from Dealogic.
Analysts and executives expect the wave of consolidation to carry into next year as sheer scale has become a necessity for fee-pressured investment managers looking for an edge.
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Business Insider is taking you through our asset and wealth management coverage of 2020.
Deal activity is taking the asset and wealth management industries by storm.
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