Mergers and acquisitions among registered investment advisor firms are set for a record year following the strongest quarter on record for M&A, according to an analysis by Schwab Advisor Services, the RIA division of Charles Schwab.

The first quarter saw 24 acquisitions, according to Dave DeVoe, a managing director of strategic development for Schwab Advisor Services in San Francisco. A year earlier, there were 19 such deals.

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