Registered Investment Advisor Snapshot: June 2021

The registered investment advisor (RIA) market has experienced significant expansion over the last few years, with an estimated 35,000+ entities and 405,000+ contacts in operation today. RIAs continue to experience growth in nearly every metric, from a record number of firms and employees to client demand and increased assets under management. To shine a light on the space, FINTRX explores the RIA industry at large, offering insight and analytics into how these groups operate as well as an overall snapshot of the RIA market for June 2021. 

RIA Review

Regulated directly by the Securities and Exchange Commission (SEC), a registered investment adviser (RIA) is any firm that advises or manages the wealth of high net-worth individuals or institutions. All RIAs are fiduciary organizations and therefore have a legal obligation to act in the best interest of their clients. Registered investment advisors make up a broad range of groups throughout the financial landscape, including wealth advisers, hedge funds, retail investment advisories, private equity firms, and several other groups that manage institutional capital. Some RIAs register as family offices as well. 

RIA Snapshot: June 2021

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