DeVoe & Company published its RIA Deal Book for the third quarter of 2025, which analyzes M&A activity among Registered Investment Advisors. With 94 transactions announced in the third quarter, 2025 has seen a marked increase in RIA M&A. The first three quarters of 2025 saw 242 transactions, up from 207 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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