Registered investment adviser firms are on pace for a record year in mergers and acquisitions, after their strongest-ever quarter, according to an analysis by Schwab Advisor Services, the RIA division of Charles Schwab Corp.

The first quarter saw 24 acquisitions, said Dave DeVoe, the managing director of strategic development at Schwab Advisor Services in San Francisco. That was up from 19 in the year-earlier quarter, he said.

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