U.S. RIA Marketplace 2024
Redefining the Framework of Independence
Navigate the U.S. RIA Market
- Explore a complete sizing of the U.S. retail-focused registered investment advisor (RIA) marketplace
- Understand the impact and implications of advisor movement into RIA channels
- Gain insight into RIAs’ portfolio construction processes and product use metrics
- Gain insight into the competitive dynamics among established and emerging RIA custodians, advisor interest in expanding custodial options, and drivers of growth in the clearing/custody space
- Evaluate the Office of Supervisory Jurisdiction (OSJ) as an independence opportunity for advisors
Buy Now
Summary
Analyze the many dimensions of the retail-focused RIA marketplace with 10+ years of market sizing of the independent RIA and hybrid RIA channels. Uncover factors that have led to the channels’ high growth and understand the needs, challenges, and opportunities facing RIAs in today’s environment. The report also covers key topics for RIA sales distribution, including product use, portfolio construction, and allocation changes.
A Note From the Author
What Are the Factors Driving RIA Consolidator Affiliation?
Stephen Caruso
Associate Director
Bio →
Stephen Caruso
Associate Director
Stephen is a Associate Director in the Wealth Management practice where he leads research into the registered investment advisor (RIA) channels. As part of his research, he is the author of Cerulli’s U.S. RIA Marketplace report and has written on topics including private equity investment in RIAs and the role staff play in RIAs’ pursuit of scale.
Full biography here.
Registered investment advisor (RIA) consolidators have grown considerably over the last decade and now account for $1.5 trillion in assets under management (AUM). RIA consolidators have been able to maximize this growth period by building platforms that cater to advisors’ needs while driving the goals of a larger, integrated organization forward. Three key factors influence this shift:
Succession Planning: 37% of the RIA channels’ advisors will be retiring over the next decade, putting 35% of channel assets in motion. RIA buyers have made significant inroads into this market, positioning themselves as a buttress to advisor practices and RIAs that understand they need an exit strategy.
Technology: 55% of advisors say an integrated technology platform is among the most-valued services offered by a consolidator.
Compliance: More than half (58%) of RIAs consider compliance support from a large RIA to be a top service they provide.
As this wave of consolidation rolls across the industry, advisors will be increasingly confronted by opportunities to sell their business or affiliate with a large RIA acquirer. RIA acquirers looking to differentiate themselves can do so by building a stronger framework of opportunity around the advisor. Balancing operational improvements with a loss of individuality can be difficult, and the value proposition must be readily apparent.
Our report, U.S. RIA Marketplace 2024, addresses this and more, including a complete market sizing, detailed practice attributes, growth opportunities, and asset manager distribution strategies.
CONTACT US
Want More Information?
Learn more about this report and related Cerulli research.
Contact Us
Included with Purchase
Methodology
Each report is lead authored by a senior Cerulli analyst with significant industry experience. The report incorporates qualitative and quantitative inputs, based on Cerulli’s proprietary research process. For more on our research process, click here.
Executive Summaries
Get the most important report findings distilled in an easy-to-understand and highly visual format before you begin your journey through the report or use it as a tool for senior leadership.
Interactive Report Dashboards
Access consolidated data from multiple report exhibits in a single comparative view. Flexibly build your view of data with customizable filters and share the results in a format that meets your requirements.
Analyst Support
Got a question? Our analysts are available to help you interpret and analyze key findings as well as provide their perspective on industry trends.
Data Behind This Report
Data is the foundation of our reports. Each study contains nearly 100 exhibits, available to buyers in Excel format. Extract and explore Cerulli’s data and analysis your way.
Digital Access
Access your reports digitally anytime, anywhere, on any device through our client portal.
You May Also be Interested in:
- Annual report
- The Cerulli Edge
Strategic Consulting & Custom Research
Cerulli Consulting
Understand where to allocate resources to achieve your objectives. We can help you determine which initiatives are likely to be successful and those that may not achieve the desired effect. In an increasingly competitive market, our objectivity and experience can help you to advance your firm’s unique strengths.