08.08.23

More Asset Managers Look To Help RIAs Grow, Cerulli Says

by: Jennifer Lea Reed

The differences in growth rates among registered investment advisors (RIAs) is pointing to an opportunity for asset managers to strengthen their relationships with RIAs in the form of growth-targeted assistance, according to a report from Cerulli Associates. About 36% of asset managers surveyed for the report said they currently are offering business consulting services to mid-size RIAs, and 18% said they plan to. “On average, 67% of distribution executives consider the independent RIA channel to be the best opportunity for distribution efforts over the next three years,” the report said. “There is an opportunity for strategic partners such as asset managers, custodians and practice management consultants to provide additional support as these firms grow.”

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