Entrance & Expansion
The U.S. Wealth Management Market
Emerging Manager Series
Cerulli’s emerging manager series provides asset managers the insights they need to grow marketshare in the U.S. Covering the largest opportunities across institutional and retail channels, our perspectives will guide and bolster your strategic position. Get a closer look at the intelligence and experience we have to offer.
The Wealth Management Market
At over $26 trillion in assets under management, the U.S. wealth management market is the largest and most complex globally. Use this video to understand the types of distribution channels that exist.
Opportunities for Emerging Managers
Hear our perspective on which retail channel presents the strongest opportunity for expansion and why.
Channel Consolidation
One of the biggest trends impacting the independent channel is consolidation. Understand how this trend will impact asset managers seeking channel expansion.
The Family Office Channel
Servicing the needs of the high-net-worth (HNW) and ultra-high-net-worth (UHNW) investors, the importance of the family office channel to emerging managers cannot be overstated.
Servicing the Needs of Family Offices
Family offices often rely on a sophisticated due diligence process for asset managers and may not have the same liquidity requirements or regulatory constraints as other channels. Watch this video to learn how their investment needs differ.
Managing Market Volatility
Explore how family offices are changing allocations to mitigate market volatility and why family offices provide an opportunity for emerging asset managers.
Strategic Consulting & Custom Research
Cerulli for Consulting
Are you looking for guidance on entering or expanding into the U.S. market? Contact us to learn more about how we can help you.
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Our team
Donnie Ethier
Senior Director
Bio →
Donnie Ethier
Senior Director
Donnie Ethier is the head of Cerulli Associates’ Wealth Management practice. The Wealth Management practice is dedicated to helping clients proactively adapt to retail financial advice and planning trends, including the high-net-worth markets. Donnie oversees the practice’s annual research agenda and is a core contributor to consulting engagements, syndicated research, and the The Cerulli Edge—U.S. Advisor Edition.
Since joining Cerulli in 2012, Donnie has led several practices and research initiatives including the Wealth Management, High-Net-Worth, and Annuity practices. Prior to joining Cerulli, Donnie held roles at Sun Life Financial and Sun Life Financial Distributors for eight years focusing on market and distribution strategy, product development, competitive intelligence, and professional development.
Full biography here.
Asher Cheses
Director
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Asher Cheses
Director
Asher is a member of Cerulli’s Wealth Management practice, specializing in trends that impact high-end advisory firms and high-net-worth investors. In his role, Asher is responsible for leading various strategic consulting engagements within the wealth management practice, focusing on multi-family offices, RIAs, private banks, and trust companies.
Prior to joining Cerulli, Asher worked as an Investment Analyst at a Boston-based multi-family office, where he conducted fund due diligence and portfolio analysis for high-net-worth investors.
Full biography here.
Michael Rose, MST
Director
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Michael Rose, MST
Director
Michael is a director within Cerulli’s Wealth Management practice, where he researches key elements of the wealth management industry, with an emphasis on broker/dealers and wealth management technology. In this capacity, he regularly engages with constituents across the wealth management ecosystem, including retail investors, financial advisors, and executives within wealth management, asset management, and technology firms, in order to support Cerulli’s market research initiatives.
Prior to joining Cerulli, Michael spent eight years working as a financial advisor, providing comprehensive wealth management services to high-net-worth individuals and families. Prior to his role as a financial advisor, Michael served as a research analyst for IDC, where he was responsible for researching trends within the technology industry and advising senior business executives on product strategy.
Full biography here.
Stephen Caruso
Senior Analyst
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Stephen Caruso
Senior Analyst
Stephen is a senior analyst in the Wealth Management practice where he provides quantitative support to two annual reports. He also contributes to the advisor data collection process and to The Cerulli Edge series. Prior to joining Cerulli Associates, Stephen worked at Banyan Tree Capital, where he managed client servicing operations.
Full biography here.
You may also be interested in:
- Annual report
- The Cerulli Edge
