If you’ve wondered how one RIA stacks up against another (at least with reference to the firm’s AUM) then you’re not alone. Which is why InvestmentNews has added this important data to its invaluable new series of data dashboards.
Valuable competitive insights are available from the Investment News’ “Assets Under Management Per Firm” dashboard, which is updated monthly. In addition to AUM figures, detailed employment data on over 9,000 US-based investment firms are also provided and updated monthly from US Securities and Exchange Commission (SEC) filings.
This comparison excludes firms with fewer than 10 investment advisory functions. These smaller firms, despite having billions of dollars in AUM according to SEC filings, likely centralize their decision-making to affiliates or delegate it to third-party managers. Notably, firms included in this analysis – those with at least 11 advisory functions – may also engage outside managers for certain decisions. “Advisory functions” are activities conducted by an investment advisor who offers guidance to clients on investment decisions.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
