Alliance for RIAs in the US 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
the six aRIA members, who collectively manage over $20 billion in client
Members include: Brent Brodeski, chief executive of Savant
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
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
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.