01.29.20

Wealth Management M&A on a Tear, and Mutual Funds Are Next: PwC

Merger and acquisition volume and value in the asset and wealth management sector set records last year, according to a report from PwC, and analysts said 2020 would be “another blockbuster year” for consolidation and more deals. Fifty deals were reported in the fourth quarter, the report said, raising volume for the year to a record 212 transactions. PwC said the mutual fund industry is likely to face transformation next, and estimated that 20 percent of mutual fund asset managers would be acquired or eliminated by 2025.

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