DeVoe & Company

What DeVoe & Company does

DeVoe & Company is a San Francisco-based investment banking and consulting firm founded in 2011 by David DeVoe, exclusively focused on Registered Investment Advisors (RIAs). The firm delivers four integrated practice areas — M&A advisory, consulting, DCF-based valuation, and growth advisory — alongside a proprietary research franchise anchored by the quarterly DeVoe RIA Deal Book, the Annual RIA M&A Outlook, the Talent & Growth Report, and the 'Heart of the Deal' white paper. To date the firm reports 87 completed RIA M&A transactions, 540+ RIA clients supported, and 950+ total engagements, with a 22-person team led by David DeVoe (Founder and CEO) and Gordon Ross (President, appointed July 2025).

The business operates on a professional services engagement model: M&A advisory fees are earned on individual sell-side and buy-side RIA transactions, supplemented by fees from valuation engagements and consulting retainers. Pricing is quote-based and not publicly disclosed. Go-to-market is sales-led and content-driven — the firm uses proprietary research, webinars, podcasts, and two flagship annual events (M&A+ Succession Summit in Huntington Beach and DeVoe Elevate in Scottsdale) to generate inbound from the RIA community. Premier-tier sponsorships from Charles Schwab, Fidelity, BNY Pershing, Mercer Advisors, Wealthspire, Capital Group, and Invesco indicate the platform has become a convening hub for the RIA ecosystem.

Leadership is sourced from senior wealth-management operators, including former executives from Charles Schwab, Dynasty Financial Partners, Fidelity, BNY Mellon Pershing, Wealthspire Advisors, and Focus Financial Partners. Recent senior additions — Hoyt Stastney (MD & General Counsel, October 2025) and Tom Valverde (MD, March 2026) — suggest active scaling of M&A execution capacity. The firm is privately held and founder-owned, with no disclosed external institutional investment, and operates exclusively in the United States.

Name

DeVoe & Company

Legal name

DeVoe & Company

Website

https://devoeandcompany.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

DeVoe & Company is a San Francisco-based investment bank and consulting firm founded in 2011, exclusively serving Registered Investment Advisors with M&A advisory, consulting, DCF valuation, and growth advisory services, backed by proprietary RIA M&A market research and two flagship annual conferences.

Ownership category

akta.pro rank

Product category

Investment Banking & Advisory Services

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282), Services-Management Consulting Services (8742), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

akta.pro secondary industries

Investment Management Advisory (RIA) (FSAEAAAB), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Investment banking services
• RIA consulting
• M&A advisory
• Business valuation services
• Succession planning

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Consulting Services: Advisory and consulting engagements for RIA firms navigating transitions, growth strategies, and business optimization.
2. M&A Advisory: Investment banking services for RIA mergers, acquisitions, and succession transactions. The firm serves as advisor to buyers and sellers throughout transaction lifecycles.
3. Valuation Services: DCF-based valuation analysis to help RIA firms understand what drives their value and how to strengthen it.
4. Growth Advisory: Framework-based consulting to sharpen strategy and execution for organic, sustainable growth.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

DeVoe & Company is an investment bank and consulting firm focused exclusively on Registered Investment Advisors (RIAs). It provides four core service lines — Consulting, M&A Advisory, Valuation, and Growth — supporting RIA firms through transitions, mergers and acquisitions, business valuations, and organic growth strategy. The firm complements these services with proprietary research publications (DeVoe RIA Deal Book, Annual RIA M&A Outlook, Talent & Growth Report) and two flagship industry events.

Product overview

DeVoe & Company is an investment bank and consulting firm focused exclusively on Registered Investment Advisors (RIAs), offering a portfolio of advisory services and research products. The core service lines are Consulting, M&A Advisory, Valuation, and Growth — four integrated practice areas that support RIA firms through transitions, transactions, strategic planning, and organic growth. These services are complemented by a suite of research publications including the quarterly DeVoe RIA Deal Book, Annual RIA M&A Outlook, and Talent & Growth Report, which provide market intelligence and benchmarking. The company also hosts two flagship events — M&A+ Succession Summit and DeVoe Elevate — that serve as community and thought leadership platforms for the RIA ecosystem.

Differentiator

Problem solved

Functional benefit

Products and services

• Consulting Advisory consulting engagements helping RIA firms navigate transitions, pursue growth strategies, and achieve goals aligned with their long-term vision and success.
• M&A Advisory Investment banking services guiding RIA firms through mergers, acquisitions, and ownership transitions; advising both buyers and sellers to maximize value and negotiate complex deals.
• Valuation DCF-based business valuation analysis that reveals what drives an RIA firm's value and provides strategic guidance on how to strengthen it.
• Growth Framework-based growth advisory that sharpens strategy and execution, unlocking disciplined, sustainable, organic growth for RIA firms.
• DeVoe RIA Deal Book Quarterly research report tracking RIA M&A activity, market trends, transaction volumes, and industry insights.
• Annual RIA M&A Outlook Annual comprehensive survey and analysis of RIA M&A trends, advisor perspectives, and market outlook.
• Talent & Growth Report Annual study exploring human capital challenges, next-gen readiness, succession planning, and talent management strategies for RIAs.
• The Heart of the Deal White paper focusing on the emotional barriers and journey of selling an RIA, developed in collaboration with Allworth Financial.
• M&A+ Succession Summit Annual flagship conference for RIA M&A and succession planning, held at The Pasea Hotel in Huntington Beach, California, gathering industry leaders for high-impact sessions on transitions and deal-making.
• DeVoe Elevate Three-day leadership event bringing together RIA leaders for insight, connection, and forward-looking strategy on culture, people, and growth, held in Scottsdale, Arizona.

Quantifiable outcome

• 87 total RIA transactions completed
• +2 more outcomes

Named customers10 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

16 partnerships are on record, tiered platinum, gold and premier.

• Allworth FinancialplatinumGTM or Marketing Partner · 1 May 2027Platinum partner for DeVoe Elevate 2027. Collaborated on 'The Heart of the Deal' report development focusing on emotional barriers of selling an RIA.
• Dimensional Fund AdvisorsgoldGTM or Marketing Partner · 1 May 2027Gold partner for DeVoe Elevate 2027. Major asset manager serving RIAs with practice management support.
• Live Oak BankplatinumGTM or Marketing Partner · 1 May 2027Platinum partner for M&A+ Summit 2026. Provides lending services to investment advisors for acquisitions and succession planning.
• MarinerplatinumGTM or Marketing Partner · 1 May 2027Platinum partner for M&A+ Summit 2026. Major RIA aggregator and active acquirer in the market.
• Modern Wealth ManagementplatinumGTM or Marketing Partner · 1 May 2027Platinum partner for M&A+ Summit 2026. Co-founded by Jason Gordo, a keynote speaker at the summit.
• Oak Street FundinggoldGTM or Marketing Partner · 1 May 2027Gold partner for DeVoe Elevate 2027. Provides specialized banking services for RIAs including acquisition financing.
• Wintrust Investment Advisor BankinggoldGTM or Marketing Partner · 1 May 2027Gold partner for DeVoe events. Provides financing and banking services to RIAs for M&A and succession planning.
• Seward & KisselplatinumGTM or Marketing Partner · 1 May 2027Platinum partner for DeVoe Elevate 2027. Law firm specializing in investment management M&A transactions.
• WealthspireplatinumGTM or Marketing Partner · 1 May 2027Platinum partner for M&A+ Summit 2026. Major RIA consolidator serving high-net-worth clients.
• Zoe FinancialplatinumGTM or Marketing Partner · 1 May 2027Platinum partner for DeVoe Elevate 2027. Technology platform connecting advisors with planning firms.
• InvescopremierGTM or Marketing Partner · 1 September 2026Premier partner for DeVoe Elevate 2026 event. Provides sponsorship support for the annual RIA leadership conference focused on growth, culture, and talent.
• Capital GrouppremierGTM or Marketing Partner · 1 September 2026Sponsor for M&A+ Summit 2026 and contributor to Q2 2025 Deal Book. Deep involvement in RIA industry events and market intelligence publications.
• BNY PershingpremierGTM or Marketing Partner · 1 September 2026Premier partner for M&A+ Summit 2026. BNY Pershing is a major custody and clearing platform serving wealth management firms.
• Charles SchwabpremierGTM or Marketing Partner · 1 September 2026Premier partner for M&A+ Summit 2026. Schwab is a major RIA custodian with significant market presence.
• Fidelity InvestmentspremierGTM or Marketing Partner · 1 September 2026Premier partner for M&A+ Summit 2026. Fidelity is one of the largest RIA custodians in the industry.
• Mercer AdvisorspremierGTM or Marketing Partner · 1 September 2026Premier partner for M&A+ Summit 2026. Major RIA consolidator and frequent acquirer in the market.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Commonwealth Financial Network: Commonwealth is a large independent broker-dealer and RIA custodian that supports thousands of advisors and operates a Practice Management program, intersecting with DeVoe's consulting and growth advisory offerings.
• Focus Financial Partners: Focus Financial is a leading RIA aggregator that completed an IPO and grew to over $2B in revenue; it represents both a key channel partner for DeVoe and a major participant in RIA M&A that operates adjacent advisory capabilities.
• Mariner Wealth Advisors: Mariner is a large RIA aggregator and active acquirer in the market; it is both a potential client of DeVoe (as an acquirer) and an emerging broad incumbent in RIA consolidation that competes for talent and deals.
• Advisor Group (now Osaic): Osaic (formerly Advisor Group) is one of the largest independent broker-dealer and RIA networks in the US; while it operates as a custodian/platform rather than a pure advisory firm, it competes for the same pool of RIA M&A and transition advisory services.

Direct peers

• Park Sutton Advisors: Park Sutton Advisors is an investment banking firm focused on the wealth and investment management industry, providing M&A advisory, capital raising, and strategic consulting to RIAs and asset managers comparable to DeVoe's service mix.
• Echelon Partners: Echelon Partners is a specialty investment bank and consulting firm serving the RIA and wealth management industry, offering M&A advisory, valuation, and consulting services directly competitive with DeVoe's four core service lines.
• Kinexus Group: Kinexus Group is an M&A advisory and consulting firm specializing in financial services, with a focus on RIAs, wealth managers, and insurance agencies, positioning it as a direct competitor to DeVoe's RIA M&A practice.
• The Ensemble Practice: The Ensemble Practice is a consulting firm that supports RIAs and broker-dealers with business consulting and strategic planning, overlapping with DeVoe's consulting and growth advisory service lines.
• Berkshire Capital Securities & Co. Berkshire Capital Securities provides investment banking services to asset and wealth management firms, including M&A advisory, capital raising, and consulting, making it a close comparable to DeVoe in serving the RIA ecosystem.

Emerging players

• CEPRA (formerly RIA in a Box): CEPRA provides compliance, consulting, and technology solutions for RIAs, overlapping with DeVoe's consulting and growth services and representing an emerging player in the RIA professional services ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/devoe-company
• Xx.com/DeVoeCo

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DeVoe & Company