With the stocks of leading publicly traded consolidators like NFP and Boston Private down by more than 75% over the last year and bank lending for acquisitions slowing to a trickle, M&A activity in the RIA space has slowed significantly. However, sources
Morningstar's Paul Larson highlights three undervalued tax-efficient stocks that have reinvested profitably for investors, plus one attractive MLP that offers a nice tax-advantaged income stream.