January 6, 2026, Needham, MA – Asset managers are devoting a growing share of their time and
resources to the largest registered investment advisor (RIA) firms and aggregators, large companies where
M&A is integral to strategy, reflecting the rapid consolidation underway in the RIA market, according to
new research from FUSE Research Network. Asset managers currently allocate 37% of their total RIA
coverage time to mega-size RIAs and aggregators, highlighting a structural shift in coverage priorities, as
aggregators now control nearly half of all RIA assets.
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