Advisors Are Piling Into the RIA Channel. That May Not Be a Good Thing
As mega RIAs get bigger, some advisors are saying that the independent channel is beginning to look a lot like Wall Street.
The steady migration by financial advisors away from the traditional brokerage industry and toward independent financial planning is forcing innovation in the industry.
Mergers and acquisitions, often backed by deep-pocketed private equity investors, have spawned separate categories of registered investment advisory firms that earn nicknames such as aggregators, roll-ups and mega RIAs.
Author's summary: Advisors moving to RIA channel.
More News
- Furusato takes maiden Moto3 victory at Sepang
- Analysis: South Carolina football lose in nail-biter to No.4 ranked Alabama Crimson Tide
- Guatemala's Prison Escape and Central America Security Risks
- Somber Start, Triumphant Finish: Furusato Claims Maiden Victory Amid Difficult Day in Sepang
- Waiting Until 70 to Claim Social Security? It’s Just Not a Financial Reality for Most
- Tolerance.ca® - Guatemala: Six months of injustice and criminalization against Indigenous representatives from Totonicapán
- What If Everything You Thought You Knew About Fevers Is Wrong? - News Digest
- I Drove My Ford Maverick Hybrid 122,000 Miles And When The Fuel Economy Dropped From 43 To 32 MPG, A Simple Engine Tune-Up Completely Restored Performance And Fixed Multiple Electrical Glitches