For those looking to be acquired, growth is key, says a BNY Mellon Pershing executive.
Ascensus and Empower will take on parts of the 401(k) recordkeeping business, while OneDigital will assume the 401(k) investment advisory business.
A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.
The number of deals and client assets under management in June and July were the highest since Fidelity began tracking such data in 2016.
Between March and May, there were only 10 RIA transactions and two IBD deals, according to Fidelity.