Today nearly twice as many advisors serve their clients from an Independent RIA than just 10 years ago.1 This whitepaper lays out the most recent trends that are defining the Independent RIA space and illuminates key factors that any individual or team should consider while making this career-defining decision. We share the stories of three RIA teams who found success using this path, while identifying best practices that helped facilitate their transition processes.
1 Cerulli Associates, U.S. RIA Marketplace 2016, A comparison of 2015 to 2005, including Independent RIAs and Hybrid RIAs, an Independent RIA with some assets held at an IBD
The Bank of New York Mellon Corporation (BNY Mellon) is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. BNY Mellon delivers informed investment management and investment services in 35 countries. BNY Mellon’s Pershing Advisor Solutions is a leading provider of business management, execution and financing solutions with custody at its core. Its clients are professionally managed, growth-oriented advisory and wealth management firms and institutional providers that serve clients with complex financial lives.