As we wrote in the first of our two-part blog series on the benefits of benchmarking, growing your RIA business in the face of rising competition for clients, assets and staff has become more challenging than ever. One of the best ways to help overcome this challenge is to benchmark your business performance.
In this, the second of a two-part blog posting, we’ll look at a few of the Schwab 2011 Benchmarking Study’s findings to see what participants reported as the greatest barriers to growth and the greatest enablers of growth. To remind you, the Study comprises self-reported data from advisory firms that custody their assets with Charles Schwab. Responses were collected during February and March of 2011.
Schwab’s 2011 RIA Benchmarking Study Results