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NewsRIAs

Record 21% of RIAs not considering a written succession plan

DeVoe's 2026 survey of 132 RIA professionals found only 10% of firms call their junior-advisor training robust and comprehensive.

21%RIAs not considering a formal written succession plan, up from 6%

At a glance

  1. Another 46% of firms have a succession plan being implemented or in place, versus 42% in 2025, while the share saying they would draft one fell to 16% from 29%.
  2. DeVoe surveyed 132 RIA founders, owners, partners and employees between March and May, mostly at firms with at least $100 million in AUM.
  3. Principals benchmarking their own firms have a size line: 52% of firms with $1 billion or more in AUM rate their training as fairly structured or better, versus 19% of smaller firms.

A record 21% of RIAs said they are not considering a formal written succession plan, up from 6% a year earlier, InvestmentNews reported from DeVoe & Company's 2026 Talent & Growth Report.

Another 46% of firms have a succession plan being implemented or in place, versus 42% in 2025, while the share saying they would draft one fell to 16% from 29%. DeVoe surveyed 132 RIA founders, owners, partners and employees between March and May, mostly at firms with at least $100 million in AUM. The same report found record use of structured pay plans and performance reviews, as Private Wealth Daily previously reported.

Principals benchmarking their own firms have a size line: 52% of firms with $1 billion or more in AUM rate their training as fairly structured or better, versus 19% of smaller firms. Only 10% of all firms call their junior-advisor program robust and comprehensive, and 72% lack confidence they could hand off leadership smoothly, up from 57% in 2019.

Firms not considering a succession plan tripled in a year

Share of RIAs by succession-plan status, 2025 vs. 2026 (%)

In place or being implemented 42%Would draft a plan 29%Not considering a plan 6%46%16%21%20252026In place or being implemented 42%Would draft a plan 29%Not considering a plan 6%46%16%21%20252026In place or being… 42%Would draft a plan 29%Not considering a p… 6%46%16%21%20252026
Source: DeVoe & Company 2026 Talent & Growth Report, via InvestmentNews
Show as table
Item20252026Change
Not considering a plan6%21%+15%
In place or being implemented42%46%+4%
Would draft a plan29%16%−13%

Reported by the RIA desk from InvestmentNews. Published . Corrections

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