RIA M&A activity remained active but moderated in July 2026. Announced transactions eased from June 2026 and were below the elevated total recorded in July 2025, though year-to-date volume remained modestly ahead of the prior-year pace. The market continues to reflect a large population of founder-led advisory firms navigating ownership transitions, with many principals weighing liquidity, succession, and long-term continuity for clients and employees. For these firms, affiliating with an established platform offers access to institutional resources, technology and compliance infrastructure, and centralized support that can be difficult to build independently.