While stocks are still in the grips of a bear market, growth in the wealth management industry remains robust, and independent firms are taking a larger share of that growth. RIAs now make up about 30% of U.S. assets under management, double the market share of 15 years ago, according to private-equity firm LLR Partners.
The firms in Barron’s annual Top 100 RIA Firms ranking now manage a combined $2.6 trillion in client assets—more than 40% of all the assets managed by U.S. independent firms.
That is just one data point of many in this new research report, developed by our rankings team and based on data we collected from the nation’s top independent advisory firms for that ranking.
Our rankings data show indie firms settling into three distinct categories: boutique firms, midsize firms and mega firms. In this report, we describe each category in depth. And for each group, we asked an exemplary firm to share how they did it.
For more, download our special report, Making Your Move.
Jack Otter is global head of Barron’s Wealth & Asset Management group.