RIAs Rapidly Consolidating

The registered investment advisory business reported 138 transactions in 2016 setting a record for industry merger and acquisition (M&A) activity; since 2009 the industry has reported a compound annual growth rate of 16% for M&A deals; increased regulatory oversight from the Department of Labor has been one factor; the market data provided by Echelon Partners also provides additional information on the industry landscape for the registered investment adviser market.  Source