Articles tagged "RIAs"
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The sudden, unprecedented leap in client departures that RIAs are suffering is understandable but largely indefensible
Sure, a $10 trillion business, with aging clients and advisors in an M&A boom, will see slippage, but running accounts on autopilot represents a betrayal that any firm should avoid.
October 24, 2024 at 2:26 AM
The upper RIA echelon mass-exit is now at 25 execs and counting -- for 25 'reasons' -- but it's hardly a coincidence, analysts say
Burnout and EBITDA weigh on CEO-types as never-ending exits claim Ron Carson, Aaron Klein, Bernie Clark, Rudy Adolf, Bill Crager and Tim Buckley.
June 7, 2024 at 11:17 PM
RIAs remain wirehouse kryptonite in 2024, and by 2027, JP Morgan, Merrill, Wells and UBS will see market share tailspin -- RIAs the obvious culprits, Cerulli data shows
'RIAs' will control nearly one-third of advised assets by 2027, up from 27% today, virtually switching spots with wirehouses in a statistically zero-sum battle for market dominance, Cerulli projects.
January 3, 2024 at 1:21 AM
2023 was great RIA year and nobody really noticed, setting up 2024 for a more visceral reap
Pushing toward $10 trillion on multiple rising tides -- and with much creative destruction sorted out -- the RIA channel, ethos and movement are succeeding quietly in plain sight
December 30, 2023 at 1:39 AM
RIAs begin 2023 on top, radically road-tested, and morphing from one undefined state to an even blurrier one -- but also one more valuable
The enormity of the $7-trillion AUM profession's task post-2022 expands, morphs and looks more missionary and underpriced
January 12, 2023 at 5:26 AM
After catching Wall Street red-handed, the SEC is 'coming after' RIAs that fail to track client chats by text, WhatsApp and social media, experts say
The regulator's $1.1 billion in wirehouse fines is a warning to RIAs that not keeping proper records of online chats could paint a bulls eye on their backs as well.
October 4, 2022 at 1:41 AM
After an avalanche of AUM in 2020-2021, some RIAs are stretched thin on service bandwidth, but the answer is to begin 'productizing'
The word 'product' is anathema to RIAs but the open-ended promise of high touch service isn't sustainable for advisors, and it's also not ideal for the client
November 10, 2021 at 6:55 PM
Some RIAs are gearing up to reopen in bigger, better offices-- some at 'Covid' rates--to go face-to-face with clients with one big caveat: vaccinations mandatory
Firms like Gratus Capital in Atlanta and Manhattan West in Los Angeles are taking a calculated risk after realizing 'spirit' is lacking in home offices over Zoom.
August 10, 2021 at 1:43 AM
As part of sale to J.P. Morgan, OpenInvest is orphaning RIA clients and laying off the startup's direct-indexing sales force
The New York City super bank ends OpenInvest's days as a money manger and makes it into a technology pod within the $4 trillion AUA company to infuse ESG across wealth, asset management and, perhaps, all the way down to credit cards.
July 2, 2021 at 3:19 AM
Why RIAs who left deferred comp on the table back at the wirehouse may yet make a claim for what might be, rightfully, their money
Clauses written by lawyers under duress of wide-ranging defections may have over-reached, creating an opportunity to challenge in court.
March 10, 2021 at 1:27 AM
Capitalize sees opening to serve RIAs with 401(k) rollover services on heels of DOL fiduciary rule and scores $12.5M from VC firms to make it happen
With DOL all but outlawing RIAs from advising investors from rolling pension assets to IRAs, New York startup that specializes in the hand-off steps into the breach for RIAs.
February 25, 2021 at 1:16 AM
Charles Schwab shutters 79% of TD Ameritrade branches -- though 140 will cohabitate with a next-door Schwab branch -- and refers legacy TDA assets to legacy TD RIA custody clients
The San Francisco retail brokerage will keep 400 branch addresses and no legacy Schwab assets will get referred to a 'TDA' RIA for now.
November 11, 2020 at 12:27 AM
As the RIA business merges toward big and centralized, small nimble firms still have a lock on doing well and making a great living
The Schwab-TD merger is the latest big-is-beautiful event but might isn't always right and scale loses to smart, local and aligned
October 15, 2020 at 5:18 AM
RIAs need to get over 'quotas' when it comes to sales and growth, or end up being owned by an RIA that knows how to impose them
To achieve growth, investment advisors need to stop avoiding a 'sales culture' and achieve clear organic growth goals by, cough... selling
September 22, 2020 at 4:31 AM
Once COVID-19 storm subsides, clients will destructively divorce in droves, say RIA splitsville specialists; but steps taken now can lessen the damage
A glut of divorce cases can draw heavily on advisor bandwidth and decimate assets, according to experts, but proactive transparency can help
