This report provides owners of wealth management firms with insights on the current and future state of the wealth management business. While markets have recovered and profitability for independent advisory firms has returned, there are significant risks and threats going forward. While the thoughts and points made in this paper may apply to wealth managers of all sizes, this paper is written specifically for the wealth management firm with $100 million to $300 million of Assets Under Management or Advisement (AUM/AUA). This paper is also written with those entrepreneurs in mind whose goal is to maximize their business value and business experience and create certainty for themselves, their clients and their team.

For this paper, Wealth Manager, Wealth Management firm, Advisor or RIA refers to Registered Investment Advisory firms that provide overall financial planning and investment advice primarily, but perhaps not completely through the use of third-party investment managers, mutual funds, and ETFs. We are not directing our comments to portfolio managers running a specific investment strategy, or wirehouse advisers working in the large brokerage firms. This paper is directed at the standalone RIA wealth manager.

Certainly not every reader of this paper will agree with our assertions or conclusions. Regardless, if a wealth management firm has between $100 and $300 million in assets or more, it’s worthwhile to take the opportunity to draw your own conclusion on the paper’s hypotheses.

To read the full White Paper, CLICK HERE.

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