Cap­tur­ing the ‘Ben­e­fits of Scale’

Financial Planning - - CONTENT -

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.

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