10.17.24
Private Equity Dominates RIA Deal Activity in Q3
by: Diana Britton and Patrick Donachie
There were 74 total registered investment advisor (RIA) deals announced in the third quarter, 63 of which were done by strategic acquirers, defined as “firms such as RIAs and broker/dealers that acquire firms to realize synergistic efficiencies, enter new markets or introduce new service offerings,” according to an analysis by Echelon Partners. Of the 63 deals, 46% involved buyers with private equity backing. Year-to-date, Echelon counted 241 deals, including 205 by strategic acquirers and 36 by financial acquirers.
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