RIA News

Following two slow months for dealmaking in the RIA space and reports that M&A is slowing but deals are growing, the industry announced no fewer than 15 transactions this week—only one of which even came close to $1 billion in transacted AUM.

The deal means a return to Homrich Berg, where Calvary’s founder Bill Cleveland worked early on in his career.

The Oregon quartet specialized in retirement planning manages around $230 million in client assets.

It's the third firm the RIA has "acquihired" in 2023.

Mercer is expanding its footprint in California and Texas and bolstering its estate planning capabilities with two deals announced this week.

Rothschild Investment Corporation said it plans to continue in the M&A market, adding up to $1 billion in AUM annually.

All of CI Private Wealth's offices will now operate as Corient, the brand of one of its acquired firms. CI wants to integrate all of its acquisitions into one RIA.

Burney Company, a Virginia-based RIA with $2.4 billion in assets, has added Goldman Sachs Advisor Solutions’ custodial service to expand access to alternative investments.

The majority investment will be used to launch an equity ownership program and beef up RFG’s talent across multiple functions.

It may be the first year in nearly a decade that the RIA market doesn’t break records, but industry trackers expect it will remain heated as private equity, new players and synergistic opportunities abound.