This includes key areas of wealth management such as tax, insurance, estate planning, and holistic financial management versus simple financial planning. Larger RIAs are developing an organizational structure of functional experts that can support front line advisor professionals. The capabilities of these firms may start rivaling independent broker dealers and even wirehouses. By 2025, AGS expects there to be at least five firms and as many as ten RIAs who manage over $100B in AUM. In the 10 years since formation, aRIA firms realized a compound annual growth rate 23.1%, based on assets under management,Īt least two dozen firms have a stated long-term goal of building a “national RIA,” and one could argue several firms are already there. ![]() ![]() Firms that can demonstrate a track record of growth and professional development will attract the best talent, be able to understand what is working and what is not in their client relationships, and manage their business valuation. As the industry moves forward, KPIs and metrics will matter more than ever. Notable observations from “The Future of RIAs: Scale, Durability and Human Capital” include:įirms that leverage best practices to design key elements of growing a business such as organizational structure, next generation equity plans, and KPIs are able to drive results. “Our goal is to identify the key opportunities and challenges owners will face and to offer practical and actional solutions to RIA owners.” With this white paper we outline some of the primary business management issues facing the RIA industry going forward,” explained John Furey, Managing Partner at Advisor Growth Strategies and author of the paper. “The RIA industry has evolved considerably since we founded aRIA. Now, John Furey, Managing Partner at AGS has authored a white paper, “The Future of RIAs: Scale, Durability and Human Capital,” which draws on over 10 years of aRIA’s collective knowledge and insight. The group was formed to provide insight into the future of wealth management and how owners can best optimize their business value and scale their firms. ![]() PHOENIX, Ma/PRNewswire/ - In 2012 Advisor Growth Strategies (AGS), an integrated management consulting firm launched in 2009 to help owners advance their financial advisory firms, founded the Alliance for RIAs (aRIA) with some of the best registered investment advisors (RIAs) in the industry. Incorporates 10 years of Alliance for RIAs (aRIA) learnings on Scale, Durability and Human Capital
0 Comments
Leave a Reply. |