The primary question existing RIA owners should consider is: “What is the highest and best use of our time? Are we better off partnering for those activities that others can provide more expertly, and focus on those activities that our clients value and drive client and asset growth?”
This question is answered in an industry benchmarking report titled Scale Realized by Advisor Growth Strategies, a consultant to wealth managers, and Dynasty Financial Partners, a services platform for RIAs.
The increased competition, regulatory pressures, and the value of scale for operating and marketing advantage will drive significant further consolidation.
The authors of the report expect that over the next decade a dozen (or more) RIAs with greater than $100 billion of assets will emerge and compete nationally.
To read the report, click here.
