hands shaking over technology Thefirst two quarters of 2019 were the fist time Fidelity has trackedback-to-back quarters with 30-plus RIA acquisitions. (Photo:Shutterstock)

Merger and acquisition activity among wealth management firmshit record volumes for the first half of 2019, according to datacompiled by Fidelity Clearing and Custody Solutions.

Transacted assets under management, total deals, and deals over$500 million and $1 billion in AUM were the highest for anysix-month period since Fidelity began tracking M&A activity in2016.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.