10 largest RIA aggregators focused on defined-contribution plans
We break down the data by firm, assets and advisers.
10 largest RIA aggregators focused on defined-contribution plans
| Firm | Total D-C assets overseen by network advisers ($B) | Number of D-C advisers* | Primary contact | Business model |
|---|---|---|---|---|
| Captrust** | $256 | 102 | Rick Shoff Managing director Raleigh, N.C. (215) 499-3361 |
Acquisition RIA: Captrust Financial Advisors Broker-dealer: CapFinancial Securities |
| NFP | $161 | 120 | Nick Della Vedova President, NFP Retirement Aliso Viejo, Calif. 949-460-9898 Ext. 246 |
Acquisition RIA: NFP Retirement Inc. Broker-dealer: Kestra Investment Services NFP also has a membership model through Retirement Plan Advisory Group, which provides technology, resources, training, custom investments and turnkey fiduciary services for D-C advisers. RPAG has $400 billion in D-C assets and 3,000 advisers. It is RIA- and broker-dealer-agnostic. |
| SageView Advisory Group | $101*** | 51*** | Randy Long Managing principal Irvine, Calif. (949) 955-5787 |
Acquisition RIA: SageView Advisory Group BBroker-dealer: Cetera Advisor Networks |
| GRP Financial | $72 | 286 | Carlsbad, Calif.
(949)-359-0031 Jim Owen Managing partner, GRP Advisor Alliance Carlsbad, Calif. (949) 359-0035 |
Affiliation RIA: Global Retirement Partners Broker-dealer: LPL Financial GRP Financial also has a membership model through GRP Advisor Alliance, an invitation-only service providing tools, resources, conferences and best-practice consulting for D-C advisers. GRP Advisor Alliance has $235 billion in D-C assets and 530 advisers. It is RIA- and broker-dealer-agnostic. |
| Arthur J. Gallagher & Co. | $62 | 63 | Dean Clune National practice leader, retirement plan consulting Rolling Meadows, Ill. (312) 803-6376 Michael Johnson National practice leader, investment and fiduciary consulting Washington, D.C. (202) 898-2270 |
Acquisition Gallagher has two retirement plan groups: 1) Gallagher Benefit Services Inc., which has $42 billion and 42 advisers RIA: Kestra Advisory Services Broker-dealer: Kestra Investment Services 2) Gallagher Fiduciary Advisors, which has $20 billion and 21 advisers RIA: Gallagher Fiduciary Advisors |
| Lockton Retirement Services | $60 | 31 | Pam Popp President Kansas City, Mo. (816) 960-9603 |
Acquisition RIA: Lockton Investment Advisors Broker-dealer: Lockton Financial Advisors |
| Pensionmark Financial Group** | $41*** | 119 | Troy Hammond President and CEO Santa Barbara, Calif. (805) 456-6262 |
Affiliation is the firm’s primary model. Pensionmark also provides an acquisition strategy for affiliated advisers. RIA: Pensionmark Financial Group Broker-dealer: Pensionmark Securities |
| Resources Investment Advisors | $34 | 120 | Vincent Morris President Overland Park, Kan. (913) 647-3968 |
Affiliation RIA: Resources Investment Advisors Inc. Broker-dealer: Triad Advisors Inc. |
| Marsh & McLennan Agency | $32 | 42 | Christopher Grady SVP, corporate development White Plains, N.Y. (914) 397-1630 |
Acquisition RIA: MMA Securities Broker-dealer: MMA Securities |
| Hub Retirement Services | $23 | 40 | David Reich President San Diego, Calif. (858) 373-6939 |
Acquisition RIA- and broker-dealer-agnostic. Hub also has its own RIA, Hub International Investment Advisory Services. |
Notes: Figures provided by companies; data as of March 31, 2019, unless otherwise noted. *Figures represent the number of producing advisers. **Captrust is part owner of Pensionmark. ***Data as of year-end 2018.
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