RIA M&A activity is forecast to reach another record in 2026, with transaction volume expected to surpass 2025 levels but remain below 500 deals, according to Echelon Partners. A defining trend for the year is the rise of recapitalizations among private equity-backed mega-RIAs, which are anticipated to drive significant deal activity as firms approach the end of typical investment holding periods. Leading wealth management platforms are positioning for exits, reinvestments, or strategic partnerships, creating new opportunities across the sector.

In addition to recapitalizations, ongoing consolidation is supported by strong buyer demand, new market entrants, and increasing client demand for integrated financial services. Larger firms with over $1 billion in assets continue to attract investment, while cross-border transactions are expanding as firms pursue global growth strategies. With sustained private equity involvement and rising competition, the RIA M&A landscape is set for continued expansion and strategic transformation in 2026…