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November 10, 2022 at 01:42 PM
Related: 15 Richest American Financiers and Investors: Forbes
RIA firms are one of the fastest-growing segments in the wealth management industry because they are committed to working in their clients’ best interest. This is especially important in fraught periods like the current one when indexes are sagging, inflation stands at 8%, with few signs of receding, and a recession looms on the horizon.
Forbes recently published a list of the top 100 RIAs with cumulative assets of $730 billion, based on a study by SHOOK Research. It noted that the firms on the inaugural list are led by seasoned professionals with proven track records of seeing clients through market turmoil and preserving their wealth.
SHOOK Research compiled the list based on in-person, virtual and telephone due diligence meetings. The firm’s ranking algorithm includes a measure of best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including assets under management and revenue generated for their firms.
Investment performance was not a criterion in the analysis because client objectives and risk tolerance vary, and advisors rarely have audited performance reports.
See the gallery for the country’s top RIA firms in 2022.
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