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  "documentTitle": "Goldman Sachs | Investment Banking Pitch Book | 52 slides",
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  "authorName": "Goldman Sachs",
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  "presentationDate": "2022-12-01 00:00:00",
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  "nDataPoints": 25,
  "notes": "The slide highlights a 'Consolidation Sweet Spot' for firms with $300mm-$3000mm AUM.",
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      "kind": "chart",
      "text": "Significant Increase in M&A Activity in Recent Years",
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      "text": "RIA Industry by Firm Size",
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      "text": "Source: DeVoe & Company 2021 Fourth Quarter RIA Deal Book; RIA Channel as of 2021. 1 Excludes firms listed as having 0 AUM or having no data on AUM, as of 2020 year-end. 2 Calculated based on average AUM of sellers multiplied by number of deals.",
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