Wealth Managers Merge at Rapid Pace and PwC Sees Even More Ahead

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- Deals in the wealth management space surged in the third quarter and are expected to continue climbing in the new year. Mergers and acquisitions in the sector jumped 15% compared to the prior quarter, according to a report from PwC. Wealth management deals comprised the bulk of that increase, rising 27% in the period. Reduced financing costs due to the Federal Reserve’s rat ...