A record year for financial services mergers brought unprecedented fees to Wall Street firms that helped arrange the deals and pitch them to investors.

Investment banks collected a record $900 million in advisory fees for those deals, more than doubling 1997's $411 million, according to Securities Data Co.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.