What do RIAs spend on technology?

Typically, an RIA spends a little over 2% of its revenues on technology in a given year, according to findings from our <a href=http://www.investmentnews.com/adviserstudy>IN Adviser Solutions</a> group.
OCT 31, 2011
Typically, an RIA spends a little over 2% of its revenues on technology in a given year, according to findings from our IN Adviser Solutions group. So how much do RIAs spend on technology? By using data from a sample of more than 600 RIAs that participated in this year's Staffing & Compensation Study and applying that, broadly, across the universe of 28,000 state and SEC registered RIAs, we've come up with a ball-park estimate of what RIAs spend on tech - and outline how much they spend on software, consulting and hardware.

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