What is a roll-up firm in the context of a Registered Investment Advisor (“RIA”)?

Definition: A “roll-up” model typically describes an RIA whose business model to is to acquire, and hence “roll-up” several advisory practices under a single entity. (At times also referred to as an “aggregator” model.)

When used in an RIA context: “The RIA sold their practice to a roll-up firm as part of the RIA’s succession plan.”

See also: Episode #130, aggregator