A recent study says over 100 RIA deals took place in 2016.

Adviser Investments says it has bought Braver Wealth Management, creating a $4.7 billion RIA in the greater Boston area with 80 employees and about 3,000 clients.

“This merger allows us to leverage each firm’s talents and resources to advance our mission of providing institutional-quality asset management to a wide range of individual clients,” said Adviser Investments President Dan Silver, in a statement.

This news supports claims made by Fidelity Custody & Clearing in its just-released M&A report. Fidelity highlights “healthy activity” last year, for instance — when some 104 deals worth roughly $67 billion in assets under management took place. Strategic acquirers led 37 transactions, RIAs accounted for 31 deals, and banks conducted nine.

“Braver has an advanced financial planning expertise at its core, and will help us enrich our personal understanding of clients’ individual investment goals and more fully cater to their wealth management needs,” Silver explained.

Adviser Investments Chairman, CEO and Co-Founder Dan Wiener and Chief Investment Officer Jim Lowell will be joined by Braver President David D’Amico and Chief Investment Officer Andrew Griesinger in the oversight of investment decisions and strategy, according to the RIA.

“This opportunity allows us to add a great deal of investment and financial planning talent to our already deep bench of research and portfolio management professionals,” Wiener said in a press release. “Adviser Investments is truly building upon its capabilities to serve a wide range of clients, large and small.”

Adviser Investments is an independent, fee-only money management firm that emphasizes the use of Fidelity and Vanguard mutual funds. Its minimum account size is $350,000.

Earlier this week, Dynasty Financial Partners said it hired an executive, Joseph Rizzo, to support its own M&A work. Dynasty, considered a rollup firm like United Capital, has 38 firms in its partnership network with about $20 billion in total client assets.

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