Discover how FINTRX empowers its customers to map, access and sell into the complex and fragmented world of Family Offices and Registered Investment Advisors.
NEWS AND INSIGHTS FROM FINTRX
The need for unbiased wealth management has become increasingly prominent as the world continues to shift towards a remote reality — and registered investment advisors (RIAs) are at the center of this trend. With exceeding uncertainty in the markets today, businesses and high-net-worth individuals are turning to RIAs for their self-governing nature, fiduciary value and sophisticated financial expertise. In an effort to shine a light on RIAs, FINTRX explores three of the largest registered investment advisors (RIAs) based in Nevada.
1. KeyState Advisory, LLC (The KeyState Companies)= ~7.48B+ in AUM
Founded in 1991, KeyState Advisory, LLC - otherwise known as the KeyState Companies - is a Las Vegas, Nevada-based advisory firm providing banks and corporations with solutions in the areas of investments, treasury, regulatory compliance, corporate governance and risk management. The firm works hand in hand with your tax, legal, and accounting/audit advisors to provide methodical solutions. KeyState has developed best practices in portfolio management, investment subsidiary services, captive management and portfolio credit analysis.
- Founded: 1991
- Headquarters: Las Vegas, NV
- Discretionary Assets: ~$7.48B+
- Non-Discretionary Assets: $0
- Total AUM: ~$7.48B+
- Specialties: Portfolio management, investment subsidiary services, captive management and portfolio credit analysis
2. The Investment Counsel Company of Nevada (ICC) = ~$1B+ in AUM
Founded by Randy Garcia in 1987, The Investment Counsel Company of Nevada (ICC) is a Las Vegas, Nevada-based advisory firm providing investment consulting, business acumen, professional networking and even career guidance for a range of clients — from families and individuals to businesses and institutions. ICC was one of the first wealth management firms in Nevada to introduce the fiduciary standard in serving clients. Today, its comprehensive approach, built on decades of experience, goes far beyond standard investment guidance. Both the Wall Street Journal and Barron’s have named ICC as a leading financial advisory firm in Nevada for seven straight years and one of the Top 100 Independent Financial Advisors in the nation in 2019 and 2020 based on factors including assets under management, philanthropic work and regulatory record.
- Founded: 1987
- Headquarters: Las Vegas, NV
- Discretionary Assets: ~$927M+
- Non-Discretionary Assets: $129M+
- Total AUM: ~$1B+
- Specialties: Portfolio management and advisory services to individuals, institutions, trusts, private funds, charitable organizations and investment companies
3. WCG Wealth Advisors = ~$1.96B+ in AUM
Founded in 1995, WCG Wealth Advisors is a Las Vegas, Nevada-based independent wealth management firm with additional offices throughout the United States. The firm began as a sole proprietorship owned and operated by one of WCG’s principals. Today, WCG serves individuals, families and corporations, assisting them with a myriad of details needed to address personalized wealth management plans. WCG strives to be a leader in sustainable and responsible investing, as a growing number of investors are seeking to align their investments with personal values.
- Founded: 1995
- Headquarters: Las Vegas, Nevada
- Discretionary Assets: ~$1.66B+
- Non-Discretionary Assets: $297M+
- Total AUM: ~$1.96B+
- Specialties: Wealth planning, investment advisory, insurance brokerage and retirement planning
In general terms, a registered investment advisor (RIA) is a 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.
For more information on RIAs, check out our recent blog post: Exploring the Registered Investment Advisor (RIA) Channel, or visit the FINTRX Resource Library below.
FINTRX delivers an industry-leading suite of family office data and research solutions to the alternative wealth space and private capital markets. Engineered to help our clients identify and access family office capital in an intuitive manner, the FINTRX platform ensures accurate and updated family office data and research on 3,000+ family offices worldwide.
For more practical family office insights and best practices, visit the 'FINTRX Resource Library' below.
February 10, 2021
Renae Hatcher is a member of the marketing team at FINTRX - focused on delivering targeted & relevant family office and registered investment advisor content to our subscribers.