National Acquiring Firms remain the dominant buyer category, completing
7 of the 10 deals for Q3
Company Website:
http://www.schwab.com
SAN FRANCISCO -- (Business Wire)
Schwab Advisor Services released today industry-wide data on independent
registered investment advisor (RIA) mergers and acquisition activity for
the third quarter of 2012. The results are available and include details
of total transactions and average deal assets under management for the
third quarter.
Highlights include:
-
The year-to-date assets under management (AUM) for M&A deal activity
reached $42.3 billion at the end of the third quarter, which nearly
eclipses last year’s AUM total of $43.9 billion;
-
Ten (10) transactions were completed in Q3, totaling approximately
$6.1 billion in AUM;
-
National acquiring firms continue to be the dominant buyer category,
closing seven (7) deals this quarter, bringing the total transactions
completed up to nineteen (19) for the year.
“The uncertainty in the markets and the upcoming presidential election
has led to a decline in M&A activity this past quarter,” said Jon
Beatty, senior vice president, sales and relationship management,
Schwab Advisor Services. “While national acquiring firms remain dominant
players, RIAs as acquirers have been sitting on the sidelines waiting
for the right opportunity."
Schwab began tracking M&A transactions in 2004. In addition to providing
M&A data, Schwab has a number of services to support advisors through
the many types of transitions they may encounter.
Schwab Advisor Transition Services
Schwab Advisor Transition Services is designed to support advisors
through each phase of the transition process, including goal setting,
evaluating options (internal succession, external sale, and merger or
acquisition) and executing a transaction plan.
Schwab’s Transition Services includes Schwab’s Mergers & Acquisition
Listing Service, an online database offered to advisors that custody
with Schwab Advisor Services. The service connects advisor firm buyers
and sellers and enables advisors to maintain anonymity while soliciting
interest and collecting information from other advisor firms on
acquisition, mergers, or sales. Buyers also can search for investment
professionals with books of business who would like to join an RIA firm.
Additional information and new transitions content are available at www.SchwabTransition.com1
All data compiled and analyzed by Schwab Advisor Services. Data reflects
firms being sold with assets under management exceeding $50 million as
of September 30, 2012.
About Charles Schwab
The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of
financial services, with more than 300 offices and 8.7 million active
brokerage accounts, 1.5 million corporate retirement plan participants,
844,000 banking accounts, and $1.89 trillion in client assets. The
company was ranked ‘Highest in Investor Satisfaction With Self-Directed
Services’ in the 2012 US Self-Directed Investor Satisfaction StudySM
from J.D Power and Associates. Through its operating subsidiaries, the
company provides a full range of securities brokerage, banking, money
management and financial advisory services to individual investors and
independent investment advisors. Its broker-dealer subsidiary, Charles
Schwab & Co., Inc. (member SIPC,
www.sipc.org),
and affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds; financial
planning and investment advice; retirement plan and equity compensation
plan services; compliance and trade monitoring solutions; referrals to
independent fee-based investment advisors; and custodial, operational
and trading support for independent, fee-based investment advisors
through its Advisor Services division. Its banking subsidiary, Charles
Schwab Bank (member FDIC and an Equal Housing Lender), provides trust
and custody services, banking and mortgage services and products.
Investment products offered by Charles Schwab & Co., Inc. are not
insured by the FDIC, are not deposits or obligations of Charles Schwab
Bank, and are subject to investment risk, including the possible loss of
principal invested. More information is available at www.schwab.com
and www.aboutschwab.com.
(1012-6860)
Follow us on Twitter: @Schwab4RIAs
Read our corporate blog: SchwabTalk
1 The information provided on the Site is for general
information purposes only and is not intended to provide specific
financial, accounting, tax, legal, or regulatory advice. Schwab makes no
representations as to the accuracy or appropriateness of the information
for any given situation.
Schwab may limit what can be listed on the M&A Listing Service. Buyer
listings and Career Opportunity listings are generally, but not always,
limited to independent investment advisors that custody their clients'
assets with Schwab Advisor Services. Schwab Advisor Services may further
limit Buyer listings and Career Opportunity listings to those of its
clients with whom it has favorable business prospects. Schwab Advisor
Services has a financial interest in, and compensation received by
Schwab Advisor Services personnel is affected by, the retention and
growth of assets custodied at Schwab Advisor Services. This may incent
Schwab Advisor Services to decline some proposed Buyer and Career
Opportunity listings.
Independent investment advisors are not owned by, affiliated with or
supervised by Schwab.
© 2012 Charles Schwab & Co., Inc. (Member SIPC)
All rights reserved.
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Contacts:
Charles Schwab
Anita Fox, 415-667-1308
Anita.Fox@schwab.com
or
The
Neibart Group
Sarah Gormley, 718-875-2122
sas@neibartgroup.com
Source: The Charles Schwab Corporation
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