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Riverwater Exits PWP as Large Banks Dominate Advisory Deals

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The Story

News Summary

  • Riverwater Partners exited boutique advisory firm Perella Weinberg Partners following a 10% workforce reduction.
  • The fund noted persistent M&A challenges for independent advisors as deal activity increasingly consolidates within major Wall Street banks like JPMorgan Chase.
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JPM price history

356.23 +21.24% over the displayed period

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