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Correction

Apr 1, 2009 12:00 PM


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In our January cover story about how the credit crunch had dampened RIA M&A activity, we said that 20 percent of National Financial Partners' acquired advisory firms were in base deficit; we should have said that 20 percent of acquired earnings were in deficit. Also, NFP typically buys 50 percent of the advisory firms and not 60 percent, as we said.


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