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Consolidation boom: An inside look at how consolidation will shape the future of the retirement plan industry

For benefits professionals, it’s important to understand the driving forces and implications — as well as potential benefits — of industry consolidation.

By Micah DiSalvo | December 29, 2020 at 09:00 AM

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The financial services space has witnessed an explosion in M&A activity over the last decade, drastically reshaping the industry and the way in which companies are able to compete and do business. In 2019 alone, there were more than 200 RIA deals and over 650 wirehouse breakaways.

This wave of consolidation has also been seeping into the recordkeeping space. Since 2008, the rate of M&A activity in the retirement plan industry has been extensive and there are a few key indicators driving companies to consider partnerships.

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