Capturing the ‘Benefits of Scale’
With advisors and assets fleeing the wirehouses, the RIA market may be gearing up for consolidation. While the four biggest firms picked up $14 billion in client assets this year, regional broker-dealers and boutiques netted over $27 billion, according to hiring announcements. With significant chunks of AUM flowing into the RIA space, firms are likely to consolidate to capture the benefits of scale, says Bill Van Law, president of the investment advisor division at Raymond James. Read the story at http://bit.ly/2m8obha.