Schwab Advisor Services says fewer RIA mergers and acquisitions took place in the first half of 2012 compared to the same period last year, but the average assets under management acquired in those transactions jumped dramatically.

In the first half of 2012, 25 RIA deals were consummated and totaled more than $36 billion in assets under management. In the same period in 2011, a total of 27 deals closed with AUM of more than $20.8 billion acquired.

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