Market notes
What moved in RIA deals and valuations, month by month.
A short note each month on deal activity, published multiples and the Form ADV population, with every figure cited to its source. Alongside it, Jeremi Karnell's articles and conversations.
Latest note · November 2026
Three trackers counted Q3's RIA deals. They got 125, 77 and 60.
All three see a busy market. They disagree on whether it's growing, because each one counts something different.
Read the note →
From Jeremi Karnell
Articles and conversations.
Co-founder of Truelytics and former head of data and analytics at Envestnet, on valuation, succession and the advisory market, and how AI is rewriting all three.
Post
RIA Benchmarks: How Firms Your Size Look on File
4 Nov 2026
The new benchmarks page sorts 10,668 SEC-registered RIAs by AUM tier and state, with a firm count and filing date behind every figure and every published sale multiple named and dated.
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What’s New at ValuationMCP: A Tour of the Site
4 Nov 2026
What's new on valuationmcp.ai, from the Solutions pages to public benchmarks for every size of RIA in every state.
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Two agents, approvals: how A2A is built into ValuationMCP
LinkedIn · ValuationMCP now supports agent-to-agent requests, with people in control. The buyer’s agent asks, the owner approves what’s shared, and the buyer accepts each figure before it’s used. · 22 Oct 2026
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MCP-Native Apps and the New Pane of Glass
LinkedIn · Wealth management has chased a single pane of glass six times. The sixth attempt is happening now, with every product shipping its own walled-off copilot. · 14 Sep 2026
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MCP Composition: When AI Does the Integration
LinkedIn · Anthropic composes MCP connectors in the client, through config files and plugins. ValuationMCP publishes its data requirements from the server, so any assistant can read them with nothing to install. That’s why a valuation can run against a custodian it has never seen. · 9 Sep 2026
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MCP-Native Apps: Introducing advMCP.ai
LinkedIn · Every SEC-registered adviser’s Form ADV, inside your AI assistant. No login or API key, figures as filed, five years of history, and six guided workflows. · 26 Aug 2026
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MCP-Native Apps: Introducing ValuationMCP
LinkedIn · Practice valuation built for agents. Point yours at the systems that already hold the numbers: seven methods, one quality multiplier, published anchors and deterministic output. · 18 Aug 2026
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How the notes are made
Each note is drafted from the figures ValuationMCP already reads: public filings, the published multiples it prices from, and named deal reports. Jeremi Karnell reviews every note before it's published.
Figures are quoted as their publisher released them, with the date and a link. When publishers disagree, the note shows each count against its own history rather than picking one.
The market isn't your number.
ValuationMCP runs seven methods on your own revenue, profit and client figures, inside the assistant you already use.