Registered investment advisors (RIAs) have seen a surge in deal activity following a stagnant 12-month period, marking a significant shift in the market, according to an impending report from DeVoe & Co. This comes after Tuesday's observation of an uptick in the pace of RIA transactions, signaling a potential return to normalcy in the market activities of RIAs.
In the third quarter up to Sunday, DeVoe recorded 55 RIA deals. This puts it on track for the first quarterly increase in deal volume on a year-over-year basis since the third quarter of 2022.
The forthcoming report from DeVoe & Co. is expected to provide further insights into this developing trend.
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