NEWS AND INSIGHTS FROM FINTRX
Registered investment advisors (RIAs) are undoubtedly best positioned to serve high-net-worth families and individuals seeking an alignment of interests between the firm and client. To shine a light on the growing RIA channel, FINTRX explores three of the largest registered investment advisors (RIAs) based in Arizona.
Founded in 1995, Voya Investments, LLC (Voya Investment Management) is a Scottdale, Arizona-based Limited Liability Company serving the financial needs of over 14 million individual and institutional customers in the United States. Voya's vision is to be America’s Retirement Company while being equally committed to conducting business in a way that is socially, environmentally, economically, and ethically responsible. The firm has approximately 135 employees.
Voya Investments commits to investing responsibly and delivering client-oriented investment strategies and advisory services across asset classes, geographies, and styles. Clients span from insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, and consultants to intermediaries, as well as individual investors.
- Founded: 1995
- Headquarters: Scottsdale, AZ
- Discretionary Assets: ~$91B+
- Non-Discretionary Assets: $0
- Total AUM: ~$91B+
- Specialties: Retirement; Investments; Insurance; Equities; Fixed Income; Multi-Asset Strategies; and Institutional Solutions
Founded in 1969, Davis Selected Advisers LP (Dave Advisors) is an independent, employee-owned investment management firm offering clients the time-tested 'Davis Investment Discipline' through ETFs, mutual funds, variable annuities, separately managed accounts, and offshore funds. This involves conducting extensive research hoping to identify companies with long-term growth potential, sustainable business plans, and other similar advantages. The firm also seeks companies that are trading at discounts. Through its structure as a limited partnership, the firm is primarily owned by members of the Davis family, along with various employees and officers of the firm. Andrew Davis and Christopher Davis each own more than a quarter of the firm's shares.
Davis Selected Advisers employ a small team of financial advisors that focuses on mostly institutional and sub-advisory services. As a sub-advisor and investment advisor, the group works with a variety of institutional clients. These include investment companies, pooled investment vehicles, retirement plans, charities, investment advisors, and businesses. Through some of these clients, the firm works with individuals, including those with and without a high-net-worth.
- Founded: 1969
- Headquarters: Tucson, AZ
- Discretionary Assets: ~$23B+
- Non-Discretionary Assets: ~$2.7B+
- Total AUM: ~$26B+
- Specialties: Large-Cap Value; Concentrated Equity; Multi-Cap Equity; Financial Services; Real Estate; Appreciation; Government Securities; Government Money Market Funds
Founded in 2010, Vision2020 Wealth Management Corporation is a Pheonix, Arizona-based advisory firm offering services through a network of investment advisor representatives (IARs) to individual clients and investors. Vision2020 is a subsidiary of Advisor Group, Inc., a wholly-owned subsidiary of Advisor Group Holdings, Inc. Besides individuals, the firm works with pension and profit-sharing plans, trusts, estates, charitable organizations, corporations, banks, and other business entities. Vision2020 seeks to provide any strategy appropriate to a client’s needs and preferences by outsourcing portfolio management to third parties when necessary.
Vision2020 Wealth Management Corp controls over 14 billion in assets over approximately 71,000+ accounts, making it one of the largest investment advisory firms in the United States by assets under management. Financial services include portfolio management for individuals and small businesses and the selection of other advisers. The group defines securities as defined as exchangeable financial investments, such as bonds, equities, and options. With relatively low minimums, the vast majority of clients do not have a high-net-worth.
Headquarters: Pheonix, AZ
Discretionary Assets: ~$14B+
Non-Discretionary Assets: $0
Total AUM: ~$14B+
Specialties: Discretionary Portfolio Management; Tax Management; Socially Responsible Investing (SRI)
A registered investment advisor (RIA) is any firm advising or managing the wealth of high-net-worth individuals or institutions. Directly regulated by the Securities Exchange Commission (SEC), RIAs offer a wide range of financial services — from wealth and investment management to direct lending and personal finance education, etc. An important distinction regarding RIAs is the fiduciary obligation to always act in the best interest of their clients.
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August 12, 2021
Renae Hatcher is member of the marketing team at FINTRX - focused on delivering targeted & relevant family office content to our subscribers.