Cerulli projects the registered investment adviser (RIA) channel to surpass US$4 trillion as adviser retirements create the largest pool of acquisition targets.
Consolidation was accelerating across the registered investment adviser (RIA) channel as firms pursued mergers and acquisitions (M&As) to build scale, respond to shifting client demands and stay aligned with rapid platform and technological change, according to the latest ‘ Cerulli Edge - The Americas Asset and Wealth Management Edition’ report. Hybrid RIAs were the most acquisitive independent channel This shift was reshaping the competitive landscape and giving rise to new