06.10.26

RIA Consolidation Heats Up

by: Leo Almazora

The registered investment advisor (RIA) industry is entering a new phase of consolidation, with Cerulli Associates projecting the consolidator segment will surpass $4 trillion in assets over the next decade. More than half of RIAs are actively seeking acquisitions, while large firms with at least $5 billion in assets have increased their market share from 34% in 2018 to 54% in 2024. A major driver of deal activity is the looming retirement wave among advisors. Cerulli estimates more than 26,000 advisors managing $2.5 trillion in assets will exit the industry over the next decade, creating the largest pool of acquisition opportunities. Breakaway advisors and growth-challenged firms represent additional targets.

Read the full article on InvestmentNews