White Papers

Helping Independent Advisors Fight The "Awakening" Of Wirehouses - New White Paper

Eliane Chavagnon Reporter 9 May 2013


The Alliance for RIAs has unveiled a new white paper laying out business strategies for advisors and firms that are independent and want to remain that way.

Realizing Your Ideal Model is the last paper in a four-part series entitled Creating Value and Certainty Within Your Independent Advisory Firm.

The papers are based on the combined experience and observations of the six aRIA members, who collectively manage over $20 billion in client assets.

Members include: Brent Brodeski, chief executive of Savant Capital; John Burns, principal at Exencial Wealth Management; Ron Carson, CEO of Carson Wealth Management; Jeff Concepcion, CEO of Stratos Wealth Planning; Matt Cooper, president of Beacon Pointe Wealth Advisors; and Neal Simon, CEO of Highline Wealth Management.

The white paper acknowledges that independent advisors are the fastest-growing segment within the financial advisory industry. However, the wirehouses are “awakening,” and the consolidators are driving scale similar to their wirehouse counterparts, it says.  

“The time for talk is over – if independents want to remain the fastest growing segment of the industry over the next 10 years, then we need to get real about business management and what it takes to execute a growth strategy” said John Furey, principal at Advisor Growth Strategies and the managing member of aRIA.

The white paper can be downloaded here.  


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