Goldman Sachs leads pack in advisory fees

Just how good a year has it been? The more than $3 trillion in announced deals this year will put about $2 billion in the coffers at Goldman Sachs. Morgan Stanley is not too far behind at $1.6 billion. All told, investment banks will rake in about $21 billion in advisory fees. Interestingly, while Goldman Sachs sits atop the 2006 deal volume league tables, Morgan Stanley rests in fourth place, behind JPMorgan and Citigroup. According to Deallogic, Morgan Stanley advised on more deals in 2006. So you can see that Goldman seems able to extract more advisory fees per deal by a sizable margin. That reflects its ability to nail large deals and perhaps a premium fee schedule. Then again, it could be a methodological thing. Thomson shows that Goldman has done many more deals than Morgan Stanley.

For more on this:
- Here's an update from the New York Post