Fidelity Investments LLC (“Fidelity”) has published a transaction report for 2024 and the previous decade beginning in 2015. The report analyzes M&A activity among Registered Investment Advisors (“RIAs”) and Independent Broker-Dealers. The report provides that RIA transactions were at an all-time high in 2024 with 26 M&A transactions totaling $670 billion in purchased assets and 6 broker-dealer transactions totaling $240 billion in assets. The report also provides that more RIAs exist now than ever before since Fidelity began reporting in 2015 and that private equity backed RIA M&A deals are also at an all-time high for the decade.
To read the report, please click here.