Slight difference with real estate but critical effect.1. The real estate agency fee is dealt individually while the buyside in the investment industry is normally in bulk.
2. The principal of real estate transaction is the final decision maker while the brokers/portfolio manager in investment make decision on behalf of the investor.
-toysrus(数独精);
2008-9-17{282}(#540@52)
I think the LZ is talking about the M&A transaction advisory, rather Investment Management advisory.
-cosmoyx(My way);
2008-9-17(#543@52)
You're right this time. My appology for not understanding correctly.But in that case, the M&A transaction value is more based on equity, which is not a discretionary number that the acquirer's advisor can make it up. It's even less comparable with the real estate agency case.
-toysrus(数独精);
2008-9-17{210}(#546@52)