There were 40 merger and acquisition deals completed by registered investment advisory firms in the first half of the year, the strongest first half on record in terms of deal volume, according to data from Schwab Advisor Services.

The 40 transactions represented $30 billion in assets under management and the average deal size was $771 million. By comparison there were a total of 71 deals completed in all of 2009, representing $103 billion under management.

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