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November 29, 2021 at 03:37 PM
What You Need to Know
- The number of RIA mergers and acquisitions in 2021 hit 200 just before the Thanksgiving holiday.
- The report forecasts that 2021 will end 45% above the previous calendar year record.
- This is the eighth successive record year for RIA M&A activity.
RIA merger and acquisition transactions hit the 200 mark just before the Thanksgiving holiday, achieving another landmark level, DeVoe & Company reported Monday.
This year is the eighth successive record year for RIA M&A activity, the report said.
The industry posted 159 transactions in 2020 and 131 in 2019. Transaction volume for 2021 is already more than double the 101 transactions posted in 2018.
The report forecasts that 2021 will end 45% above the previous calendar year record.
