Billion-dollar RIAs' lessons for advisers
54% of financial assets are held at firms that have amassed at least $1 billion from clients, up from 42% only six years ago, according to Cerulli Associates. Advisers striving to be among this group of successful firms can learn from these billion-dollar behemoths, and the Alliance for Registered Investment Advisors (aRIA) explains how. Based on aRIA’s presentation at the 2014 Schwab Impact conference in Denver, and a concurrently released a whitepaper, here are 5 ways independent advisers can emulate the industry’s leaders.
(By Liz Skinner/Source: Alliance for Registered Investment Advisors)