# BOMBSHELL - 90 Percent of RIAs are Actually Shrinking!

Page: https://stenobird.com/podcast/talking-wealth-7500068/bombshell-90-percent-of-rias-are-actually-shrinking
Text version: https://stenobird.com/podcast/talking-wealth-7500068/bombshell-90-percent-of-rias-are-actually-shrinking.md
Podcast: [Talking Wealth](https://stenobird.com/podcast/talking-wealth-7500068)
Published: 2025-12-10T15:56:00+00:00
Episode link: https://pdst.fm/e/traffic.megaphone.fm/TCP8582327078.mp3
Audio file: https://pdst.fm/e/traffic.megaphone.fm/TCP8582327078.mp3
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JSON: https://stenobird.com/v1/public/podcasts/talking-wealth-7500068/episodes/bombshell-90-percent-of-rias-are-actually-shrinking
Duration seconds: 1852

## Resource

On this episode of Talking Wealth, we’re doing something special as part of the Compound Insights Research Program, our initiative to bring original data, white papers, and strategic intelligence to the wealth management profession. Our latest publication — The RIA Real Deal: What We’ve Learned from a Golden Era of Deal-Making — is one of the first true retrospective analyses of RIA M&A outcomes over the past decade. To break down the findings, we’re joined by Mark Bruno, Managing Director and Head of Strategic Advisory at Emigrant Partners. Mark has spent over 20 years working across the RIA and asset management ecosystem — leading research, benchmarking, consulting, and strategic advisory programs at firms including Informa, Echelon Partners, and InvestmentNews. Mark authored this paper, with data provided by RIA Catalyst’s data engine, to shine a spotlight on growth trends in the industry. This episode is sponsored by SS&C’s Black Diamond® Wealth Platform. To learn how Black Diamond is helping wealth advisors of all shapes and sizes, visit: https://www.sscblackdiamond.com For more from Talking Wealth sign up at: ⁠⁠⁠https://talkingwealthpod.com/⁠⁠⁠ Participants include employees of Ritholtz Wealth Management. All opinions expressed by them are solely their own opinions and do not reflect the opinion of Ritholtz Wealth Management. This program is for informational purposes only and is not intended to provide specific advice or recommendations for any individual or on any specific security or product. Any opinions expressed herein do not constitute or imply endorsement, sponsorship, or recommendation by Ritholtz Wealth Management or its employees. Ritholtz Wealth Management and its affiliates may invest in the technology company discussed. The Compound Media, a…

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## Transcript

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