ECHELON Partners LLC published a Report for Mega-Trends Behind Record Activity in RIA M&A Deals for the year of 2023 (the “Report”). The Report shows that wealth management M&A activity remained elevated in 2023, with a modest decline from 2022’s record total. 2022 remains the year with the highest deal volume in the last decade. In 2023, strategic acquirers dominated the M&A market, with most deals being add-on acquisitions by PE-backed platforms. Additionally, the Report states that another robust year for M&A is expected in 2024.
To download and read the report: please click here.