RIA Boom Redraws Wealth Management Map

RIA Boom Redraws Wealth Management Map

The RIA channel is coming after the big brokerage firms. The multi-decade trend of brokerage reps breaking away and transitioning toward independent financial planning shows no signs of letting up. In fact, according to industry data, the pace of asset growth across the independent registered investment advisory ranks is now faster than that of the traditional Wall Street financial services conglomerates, like Merrill Lynch, Morgan Stanley and W…