Research

Fidelity biannual M&A review: First half 2025

See the latest reporting, trends, and deal spotlights.

Key Takeaways

Fidelity’s M&A report highlights transaction activity in the wealth management space, covering top acquirers, private equity involvement, new dealmakers, and more.
In H1 2025, 132 transactions were recorded totaling $182.7B in assets, cementing this H1 as the strongest activity start to a year since we began recording M&A activity in 2015.¹
For more insights from last quarter, check out the report below.

Get the full white paper

Fidelity biannual M&A review

Next steps to consider

Mergers & Acquisitions

Make the right move for your firm with our M&A resources, which can help you compete in an increasingly consolidated industry.

Learn more

RIA Valuation Tool

Use our quick and easy RIA Valuation Tool to see how much you could earn if you’re thinking of becoming a registered investment advisor.

Learn more

Practice Management

Let our proprietary research, industry expertise, and commitment to innovation help transform your practice into a future-ready firm.

Learn more

Related insights

View all

Fidelity's Q1 2025 mergers & acquisitions report

See the latest reporting, trends, and deal spotlights.

Fidelity’s Mergers & Acquisitions report

See the latest reporting, trends and deal spotlights from last quarter's M&A transaction activity among RIAs and broker-dealers.

A decade in review: Examining M&A transaction trends and activity in the wealth management industry

See the latest reporting, trends and deal spotlights.

For important information, see the full linked content.

1 Source: Fidelity M&A Transaction Reporting.

1217099.1.0

3B16A725AA2E47EAACEDA036F9F0BFDE

Past performance is no guarantee of future results.

Unless otherwise expressly disclosed to you in writing, the information provided in this material is for educational purposes only. Any viewpoints expressed by Fidelity are not intended to be used as a primary basis for your investment decisions and are based on facts and circumstances at the point in time they are made and are not particular to you. Accordingly, nothing in this material constitutes impartial investment advice or advice in a fiduciary capacity, as defined or under the Employee Retirement Income Security Act of 1974 or the Internal Revenue Code of 1986, both as amended. Fidelity and its representatives may have a conflict of interest in the products or services mentioned in this material because they have a financial interest in the products or services and may receive compensation, directly or indirectly, in connection with the management, distribution, and/or servicing of these products or services, including Fidelity funds, certain third-party funds and products, and certain investment services. Before making any investment decisions, you should take into account all of the particular facts and circumstances of your or your client’s individual situation and reach out to an investment professional, if applicable.

The use of the term "advisor(s)" throughout this site shall refer to both investment advisors and broker-dealers as a collective term.