How a swath of billion-dollar-plus RIAs are posing a threat to indie advisors
Forget the aggregators -- a specific segment of RIAs is gunning for mom-and-pop shops and wirehouses alike
Related Moves
BNY Mellon's new CEO is an RIA fan, and Pershing Advisor Solutions made a big personnel move to reflect it
Charles Scharf loosened the Pershing purse strings for Mark Tibergien who created 'head of platforms' position for Christina Townsend
March 12, 2019 at 10:14 PM
Moss Adams
Consulting Firm
Top Executive: Rebecca Pomering
The Ensemble Practice LLC
Consulting Firm
Top Executive: Philip Palaveev
Elmer Rich III
Good article. Systems research suggests that markets eventually trend towards the 80%/20% rule. No need to believe the RIA market will be any different as it matures. A few big winners, shrinking middle sized firms and many small niche firms.
We are marketing and growth consultants and see how difficult it is for a firm to move up a tier. It’s much easier to slip down a few rungs.
We are also M&A consultants and see the consequences of disinvestment in growth when owners retire. Disinvestment in growth substantially cuts the value of a firm at sale. Not pretty.
Note: Allow us to brag and also say we were noted as one of the Top 100 marketers (in all industries) for follow on Twitter. Shameless self-promotion.
Elmer Rich III
Short coda to our note above. A billion dollars AUM is not that much anymore and especially going forward, as the investment market grow, likely, exponentially.
