M&A Update: Registered Investment Advisors February 2026

RIA M&A activity moderated in February, with announced transactions declining from January levels. The market remains fragmented, with many advisory firms led by founders approaching retirement age and seeking solutions for succession, liquidity, and long-term business continuity. For these firms, partnering with a larger platform can provide access to institutional resources, expanded technology and compliance infrastructure, and broader service capabilities for clients.

RIA MA Activity February 2026