A firm specialising in M&A in the US wealth management sector has said deal volumes declined “sharply” in Q2.
Echelon Partners, an investment bank specialising in wealth management M&A, produces a quarterly monitor which showed the extent to which buying and selling in the US wealth and ‘registered investment adviser’ (RIA) market, had been impacted by the Covid-19-related slowdown.
Echelon recorded 35 deals in the quarter, down 20 percent from Q1 and a 33 percent decrease on 2019’s Q2.
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