(Opalesque) Deal volume and value in asset and wealth management (AWM) eased during the third quarter after an unprecedented first half of 2019, said PWC. Still, deal activity is on track to set an annual record during 2019. Three forces have been spurring consolidation: fee pressure, slowing growth in assets under management, and the persistent shift from active to passive investing.
US asset and wealth management deal activity on track for an annual record, despite a slow 3Q
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