RIA M&A Update — February 2026

RIA M&A activity moderated in February.

But the forces driving consolidation in wealth management are still very much in place.

Our latest monthly RIA M&A update breaks down what’s happening across the market.

A few themes stood out this month:

• Institutional capital continues to shape the buyer landscape
• Smaller platforms are increasingly using merger structures to scale

Two deals in particular highlight this dynamic — both involving platforms supported by institutional partners.

The RIA industry remains highly fragmented, and the combination of succession needs, growth ambitions, and capital-backed buyers continues to drive consolidation.

📥 Access the full report here.