ECHELON Partners’ 1Q 2026 RIA M&A Deal Report highlights a record-setting start to the year, with 142 announced transactions and approximately $1.67 trillion in transacted AUM, more than doubling activity from the same period last year. The findings reflect continued acceleration in industry consolidation, as well-capitalized buyers pursue larger and more complex transactions in an increasingly competitive market.

The report underscores a shift in how firms are approaching growth, with strategic acquirers moving beyond pure asset aggregation toward building integrated wealth management platforms. Transactions are increasingly being used to expand capabilities across tax, estate planning, family office services, and institutional consulting, aligning with rising client expectations and the need for broader service delivery.

International expansion also emerged as a defining trend, with U.S.-based firms actively targeting opportunities in Western Europe, Australia, and New Zealand. At the same time, private equity-backed activity remained a dominant force, involved in more than 70% of transactions during the quarter. According to ECHELON, these dynamics point to a market characterized by scale, sophistication, and strategic intent, with momentum expected to continue as firms position for long-term growth…