Transaction Advisory, Investment Management

December 16, 2019

Succession Planning for Investment Management Firms

Succession planning has been an area of increasing focus in the RIA industry, particularly given what many are calling a looming succession crisis. The demographics suggest that increased attention to succession planning is well warranted: a full 62% of RIAs are still led by their founders, and only about a quarter of them have non-founding shareholders. Yet when RIA principals were asked to rank their firm’s top priorities in 2019, developing a succession plan was ranked last. Fortunately, there are many viable options for RIA principals looking to exit the business.

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Industry Spotlight: What Today’s RIA M&A Headlines Tell Us About Valuation
Industry Spotlight | What Today’s RIA M&A Headlines Tell Us About Valuation (and Succession)
In this reprint from our RIA Valuation Insights blog, we examine what current RIA M&A headlines reveal about valuation dynamics and succession trends.
Flows Are Back. Active Isn’t Dead. But Don’t Pop the Champagne Just Yet.
Flows Are Back. Active Isn’t Dead. But Don’t Pop the Champagne Just Yet.
Renewed fund inflows in 2026 highlight improving sentiment in asset management, but capital is being deployed selectively across asset classes and strategies. Firms that combine scale, differentiation, and modern distribution are best positioned to capture growth.
RIA M&A Update: Q1 2026
RIA M&A Update: Q1 2026
RIA M&A activity in early 2026 remains active but increasingly selective, with private equity continuing to drive competition and valuations. Firms are prioritizing durable growth, strategic fit, and expanded capabilities as the industry shifts toward more sophisticated consolidation strategies.

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