RIA consolidation continues — even when deal counts fluctuate

RIA deal activity fluctuates month to month.

But the consolidation story in wealth management hasn’t changed.

Our latest RIA M&A monthly report highlights several trends shaping the market.

This month we saw:

• Continued activity from large acquisition platforms
• Institutional capital supporting growth-oriented RIAs
• Smaller platforms combining through strategic mergers

These dynamics reflect the broader reality of the industry:

A fragmented market, aging founders, and well-capitalized buyers pursuing scale.

Short-term deal counts may move around —but the long-term consolidation trend remains firmly in place.

Access the full report here.