64% of RIA Sellers Have  $1B in AUM

Most RIA sellers aren’t giants—they’re boutiques. Year-to-date in 2025, 64% of RIA sellers had under $1 billion in AUM. And buyers? The most active were in the $20B–$100B range.

This shift signals a clear trend:

• Smaller advisors are seeking scale, infrastructure, and succession
• Mid-size buyers are racing to build multi-regional platforms
• PE capital continues to lubricate deals at every size

Whether you’re a $300M firm or a $5B one—the market is moving fast.

Full data and insights in our September 2025 RIA M&A report.