NEWS AND INSIGHTS FROM FINTRX
To shine a light on the Registered Investment Advisor (RIA) landscape, FINTRX - family office and RIA database provider - has compiled the RIA Monthly Data Report to provide a high-level synopsis of the RIAs landscape for January 2022. Explore metrics such as total registered firms, alternatives used, assets under management, representative breakdown, geographical breakdown, services provided, fee structures utilized, and more. Download the 9-page report below...
Hello and welcome to the RIA Monthly Data Report for January 2022. All data throughout this report was compiled by utilizing the FINTRX Family Office & Registered Investment Advisor Data Platform.
An RIA is defined as any individual or firm registered with the Securities and Exchange Commission (SEC) or State Securities Authorities that advises and offers analyses on investments based on a client's individual needs. RIAs act fiduciarily, always acting in the best interest of their clients.
RIAs advise on a range of financial subjects, from retirement planning to insurance and estate planning. The total RIA market is diverse and includes any firm registered as a registered investment advisory firm. It comprises banks, broker/dealers, financial planners, hedge funds, family offices, asset managers, wealth managers, and more. If firms want to give advice as fiduciaries for a fee, they must register as an RIA to do so.
The sample size used throughout this report does not include firms registered solely as broker-dealers.
Of the total accounts, 72% are discretionary, while 28% of accounts are non-discretionary.
Here, we demonstrate the types of investments utilized throughout separately managed accounts. For instance, 89% of groups hold Exchange-Traded Equities within their separately managed accounts. Cash or cash equivalents followed, at 87%.
71% of all RIAs are headquartered in offices throughout the United States. Here, we display the top five US states with the most number of RIA firms. In January, 15% of RIA firms are domiciled in California while 13% are based in New York.
Below we provide the percentage of RIAs that offer the following services. Of all the services provided, portfolio management for individuals and small businesses was the most popular, at 75%. Financial planning services followed at 54%.
Top 5 RIA Services Provided:
89% of RIAs compensate through a percentage of assets under management. Others use fixed fees, hourly charges, and performance-based fees as a means to charge clients.
Top 5 Fee Structures Utilized:
FINTRX provides comprehensive data intelligence on 750,000+ family office & investment advisor records, each designed to help you identify, access, and map the private wealth ecosystem. Explore in-depth dossiers on each family office & investment advisor. Access AUM, source of wealth, investment criteria, previous investment history, sectors & industries of interest, advisor growth signals, amongst other key data points.
Additionally, FINTRX provides insight and expansive contact information on key decision-makers, featuring job titles, direct email addresses, phone numbers, common connections, alma maters, past employment history, brief bios & much more.
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February 28, 2022
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.