Updated Wednesday, June 19, 2013 as of 4:07 AM ET

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A New Model for RIA M&A?

Matt Ackermann

When Savant Capital Management, a $2.2 billion registered investment advisory firm, and The Monitor Group, a $500 million RIA, announced earlier this week that they were planning to merge, many industry pundits were left scratching their heads. Why were two reasonably successful RIAs merging?

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