FUSE: Asset Managers Home in on RIA Aggregators Amid Market Concentration

Published on January 9, 2026

Asset managers are devoting more time and resources to service mega-RIAs and aggregators as the share of assets controlled by that segment continues to rise.

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$10B Employee-Owned Ferguson Wellman Makes First Acquisition

January 9, 2026
Portland-based Ferguson Wellman has added a regional RIA with $229 million in client assets amid the sea of competing roll-ups.

Z1: 2025:Q3 data now available for the Financial Accounts of the United States

January 9, 2026
This release incorporates revisions, structural changes, and enhancements. Major changes are described in the "Release Highlights" section of the publication and are also in the online Financial Accounts Guide at www.federalreserve.gov/apps/fof/. The file structure of the Z.1 release consists of a single Z.1 PDF, corresponding HTML tables, and a single set of compressed CSV files with accompanying