This is aRIA’s first appearance on the IA 25. Click here to view the complete list and Special Report schedule for extended profiles for each of the 2013 IA 25 honorees.
Go to any conference where registered investment advisors meet, and it’s clear from the buzz in the room that RIAs like to talk. Only rarely, though, does the subject come up of how much their company is worth.
To break the silence around real enterprise value, a group of six successful RIAs got together last year and committed to sharing their experiences to help the industry build independent firms that are truly sustainable. Called the Alliance for Registered Investment Advisors, or aRIA, this boutique industry association with more than $20 billion in client assets has established itself as a new think tank with a mission to provide intellectual capital and thought leadership to the wealth management community.
ARIA’s group members are a mighty team. They include Matt Cooper, president of Beacon Pointe Wealth Advisors, and Neal Simon, CEO of Highline Wealth Management, both of whose firms were selected for AdvisorOne’s 2012 Top Wealth Managers list. Also on the team are industry leaders Brent Brodeski, CEO of Savant Capital; John Burns, principal at Exencial Wealth Management; Ron Carson, CEO of Carson Wealth Management Group; and Jeff Concepcion, CEO of Stratos Wealth Partners.
This year, Brodeski, Carson and Simon were selected to Barron’s Top 100 Independent Financial Advisors, noted John Furey, principal at Advisor Growth Strategies LLC (AGS), who serves as aRIA’s managing member. Everyone in the group are in their 40s and solidly midpoint in seasoned careers, with no plans to sell and certainly no plans to retire any time soon.