United Capital has added three firms with a combined $758 million in assets under management to its roster, underscoring the growing importance of the market for smaller RIAs.

Deals for RIAs with between $100 million and $250 million in AUM are soaring. Smaller firms have made up 33% of sellers through June, compared to 23% in 2015, according to DeVoe & Co.'s Second Quarter Deal Book.

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