DeVoe & Company published its RIA Deal Book for the second quarter of 2025, which analyzes M&A activity among Registered Investment Advisors. With 73 transactions announced in the second quarter, 2025 has seen a marked increase in RIA M&A. The first two quarters of 2025 saw 148 transactions, up from 126 transactions during the same period last year. The industry is on pace to surpass 2024’s all-time high of 272 total transactions.
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