Correction

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.

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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