Slowdown in M&A Threatens Decade-Long Streak of Increasing RIA Consolidation
The record-setting pace of consolidation across the financial advisory space has slowed thus far in the year. The latest data from DeVoe & Co. show that the number of mergers and acquisitions this year through Monday is down 22% compared to the same period last year, which breaks down to 38 transactions so far in 2023, compared to 49 over the first two months of 2022. Even with the slow start, David DeVoe, founder and chief executive of the deal-tracking firm, said it’s too early to forecast a break in the long streak of record-setting M&A activity.
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