Browsing: asset management

466 RIA deals in 2025, valuations at 11.6x EBITDA, and LPL’s $2.7B Commonwealth deal. Inside the consolidation squeezing mid-size RIAs in 2026.

Active mutual funds lost nearly $600B to ETFs over 12 months. Inside BlackRock’s record Q1, Fidelity’s squeeze, and what Vanguard is doing about it.