With M&A deals poised to exceed 300 this year, sub-acquisitions now account for nearly one-third of all RIA transactions thanks to a "maturing" ecosystem.
Also this week, NorthRock Partners added a $2.7 billion advisory firm in California, while Carnegie Investment Counsel deepened its footprint in Florida.
The deal adds hedge fund and private credit operations expertise to growing advisory platform.
The acquisition marks an important boost to the firm's capabilities.
From Bain-backed Carson Group's stock appreciation rights to KKR-backed Beacon Pointe's employee equity pool, acquirers reveal new incentive mix.
Shackleton joins the $86 billion RIA as its M&A strategy puts it among the most active private equity-backed consolidators so far in 2025.
Record deal volume, surging assets, and a wave of mega-transactions define another landmark year for RIA M&A, with strategic buyers dictating the momentum.
The merger announced Thursday rivals other monster deals this year by fellow mega-RIAs Corient and Mariner.
Meanwhile, Americana Partners has expanded its own footprint in Nashville, while BIP boosts its presence in Atlanta.
New alliance strengthens Mercer's appeal to creative-sector high net worth clients.
The move will create a combined firm with $6.6 billion in assets while expanding Badgley Phelps' presence in the Seattle market.
Meanwhile, Carson Group seals its latest full acquisition in Pittsburgh, while Bluespring merges in another Kestra-affiliated firm in Virginia.
Tie-up is a natural evolution of a relationship that has grown over the past decade
The merger between Fifth Third and Comerica aims to accelerate growth, diversify revenue streams, and strengthen the combined bank’s presence in the Southeast, Texas, and California.
Meanwhile, Alera Group has extended its reach in Kansas with two retirement-focused advisors.
The deal for the Bellevue, Washington-based multi-family office marks another step for Corient's hyper-growth strategy.
Firms announce acquisitions to expand geographical reach, capabilities.
The latest quarterly surge puts the industry on pace to exceed 300 transactions in 2025, according to Devoe.
Elsewhere, a deal in Florida gives Ashton Thomas Private Wealth a new CIO, while Moneta expands its reach further into Colorado.
The Torrance, California-based consolidator's newest strategic minority investment, marking a first for Ares, will help advance the RIA's talent acquisition, M&A strategy, and other priorities.
