Fuse Blog

Signs Indicate a Rebound in Independent RIA Mergers

  • The robust M&A activity among independent RIA shops slowed in 2023, but third quarter volume is likely to show a significant uptick in the number of such mergers. The quarter saw 55 deals through mid-September, putting 3Q on track for 70+ deals—the first rise over the prior year’s quarter in 12 months.
  • The third quarter may be the RIA market shaking off the year-long decline in mergers. M&A slowed due to economic uncertainty, high interest rates, and stock-market volatility, according to DeVoe & Co.
  • Larger RIAs such as Creative Planning, CAPTRUST, and Beacon Pointe will continue to buy smaller shops as scale becomes increasingly important to enable a wider array of services while containing costs. Asset managers need to understand this dynamic to engage clients and prospects in the RIA channel.

Number of RIA Mergers per Quarter

10.24.23 Blog

Source: FUSE, DeVoe & Co.