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Banks on Shopping Binge for Financial Advisors

Saturday, Feb 28 2015

News Roundup

Written by PFA News

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Banks are increasingly trying to offset dwindling income from low interest rates by boosting wealth management revenues, so they are showing strong interest in acquiring financial advisors. So reports Financial Planning.

Last year, banks bought 47 registered investment advisors, which was nearly twice the number acquired in 2013.

Read the full article from Financial Planning.

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