Cerulli Report

More M&A Ahead for Private Bank & Trust Companies


Autor: Funds Society, Miami

  1. Greater efficiency through economies of scale (75%), a desire for geographic expansion (69%), and the many benefits of greater fee-based revenues (63%) are the primary motivators behind most M&A in the bank space
  2. Private banks now are the fastest-growing segment of the bank wealth management industry, with annualized growth of 17% since year-end 2019
  3. As M&A in the bank space continues to churn, third parties providing products and services to these firms must prepare to adapt their strategies as well