ECHELON Partners LLC published a Report for RIA M&A Deals for Q3 of 2024 (the “Report”), analyzing M&A activity among Registered Investment Advisors. The Report shows that there were 74 total RIA deals announced in the third quarter, 63 of which were done by strategic acquirers, which are “firms such as RIAs and broker/dealers that acquire firms to realize synergistic efficiencies, enter new markets, or introduce new service offerings,” Echelon stated. Of those 63 deals, 46% involved buyers with private equity backing. Year-to-date, Echelon counted 241 deals, including 205 by strategic acquirers and 36 by financial acquirers.
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