RIAs: Historic Greatness or Mediocrity? An Interview with David Devoe [Episode 67]
2025 was a year of historic growth for RIA’s as deal volume surged. But what’s next for the industry? Host Matt Ackermann chats with David DeVoe, the maestro of data from Devoe & Company, to break down what’s driving convergence and what it signals for the future.
Dave explains why M&A is now “embedded in the DNA” of the RIA space, revealing that the desire for scale is currently the biggest driver of deals, though the long-anticipated succession crisis is rapidly catching up. DeVoe shares surprising data on the “trend toward mediocrity” in human capital, and why only 22% of firms believe their next-generation leaders can afford to buy them out.
Matt and Dave also discuss the rise of “Wirehouse 2.0” and the anecdotal potential for a new wave of breakaways.
Tune in to understand the true state of the RIA union and what’s coming down the pike next for advisors.
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