Mergers and acquisitions activity for RIAs in 2015 was fast, furious, trend setting and record breaking, according to the recently released Nuveen/DeVoe RIA Deal Book.

The number of deals transacted in a year — and in one quarter — hit record highs, for example, as did the number of sellers with over $5 billion in AUM.

This surge in RIA M&A activity "is a natural phase of consolidation that most hyper-fragmented industries experience as they mature,” says David DeVoe, managing partner at DeVoe & Company, a valuation, consulting and investment banking firm specializing in RIAs. “We expect this momentum to continue and potentially accelerate over the next five to seven years.”

To see what records were broken and what trends continue to drive the market, please click on the arrows above. To see a slideshow version, please click here.

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