LPL sees a minority-capital opening for smaller RIAs as deal sizes shrink and advisors seek growth funding without selling control.

LPL’s Marc Cohen expects RIA consolidation to accelerate in 2026 as private equity cycles, succession pressure and platform scale reshape M&A.

Kestra’s Commonwealth advisor wins and LPL recruiter hires raise questions about growth, culture fit and private-equity timing.

Osaic’s Bain-linked recapitalization gives the firm new capital, but advisor retention and post-integration growth remain the real test.

Osaic secured more than $2B in new capital as Bain Capital joined investors, giving the wealth platform more room for growth.