According to AdvisorHub's review of a report issued by PwC, third-quarter mergers and acquisitions across the asset and wealth management space increased 15 percent from the prior quarter, with wealth management transactions driving most of that momentum. Deals in the wealth management segment alone rose 27 percent during the period.
PwC attributes the uptick to easing financing conditions following Federal Reserve rate cuts. Lower borrowing costs have encouraged buyers to move, while private equity firms continue to deploy significant capital into the sector. AdvisorHub reports that investors remain focused on firms that generate fee-based revenue and offer scalable platform opportunities.
Deal values reflect that momentum. PwC reports that transaction value more than doubled since the start of 2025, climbing from $3 billion to $8 billion. The firm expects this trajectory to continue, projecting that wealth management deal activity in 2025 will exceed 2024 levels and extend into 2026. Additional interest rate cuts could further accelerate activity, according to AdvisorHub.
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