We’ve witnessed the wealth management industry significantly up its game over the last decade, and it’s pretty clear who’s been leading the charge: RIAs with legitimate team structures. Clients aren’t just looking for someone to “manage their money” these days. They demand access to financial solutions from a “one-stop-shop” advisor or a quarterback who can […]
The numbers speak for themselves: According to Schwab’s 2024 RIA Benchmarking Study, 82% of top-performing RIAs (the top 20%) have a written strategic plan—compared to only 44% of firms under $250 million in AUM and 68% of those above that mark. It’s hard to ignore the clear correlation between strategic planning and firm performance: lasting,
There are over 15,000 SEC-registered RIAs in the US, a testament to the growing appeal of independent wealth management. Yet, a striking statistic reveals that approximately 87% manage less than $1 billion in AUM, translating to roughly $8-10 million in revenue.
In the dynamic field of registered investment advisors (RIAs), growth is more than a goal—it’s a necessity. As the industry evolves and the demand for personalized, fiduciary-first advice rises, RIAs must not only keep pace but lead. The essential ingredients for sustainable, organic growth? Strategic planning and execution. These core elements form the foundation of success for RIAs.
In the evolving landscape of registered investment advisors (RIAs), smaller firms often face the challenge of competing with larger, better-capitalized organizations. However, the narrative that boutique RIAs cannot survive amidst rampant M&A activity is far from the truth.