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Registered investment advisors: How US banks can weigh the M&A potential
RIAs are a profitable and growing segment in US wealth management. Valuations are high, but this should not deter banks from carefully exploring acquisitions. Many US banks are investing in their wealth management businesses to generate fee-based revenues and broaden client relationships. Given their often subscale starting points, as well…
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Click here to read the full story: McKinsey & Company