Generational Shifts Along with Increasing Regulations Pushes More RIA M&A

Derek Steingarten spoke to Mergers & Acquisitions about the growth of deals in the RIA subsector, which broke yet another record this past quarter.

"Starting several years ago and continuing through today, RIAs that began as small shops founded by advisors leaving large wirehouses in the 1980s have been maturing," Derek said.

Derek has helped several private sponsors and institutional investors close deals for RIAs. He believes the consolidation in the sector is intensifying due to economic, regulatory, and demographic reasons.

"Generational shifts and regulatory pressures [are] pushing some of these companies into selling mode," he said.

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