Here are the Financial Times' Top 300 RIAs of 2018
FA-IQ’s parent company, the Financial Times, has announced its 2018 FT 300 list of top U.S. registered investment advisors.
This year’s FT 300 RIAs have an average of 23 years of experience in the industry and an average of $4 billion in client assets. They come from 38 states and Washington, D.C.
A combination of stock market gains, client growth and mergers boosted the FT 300 RIAs’ total client assets by 35% in 2017, according to FA-IQ sister publication Ignites Research, which collaborates with the Financial Times on this list.
Around 74% of the FT 300 RIAs that made it to the list this year have at least $1 billion in client assets, up from 57% last year.
The most common business challenges cited by this year’s FT 300 RIAs are keeping up with what’s new in technology (cited by 59% of the advisors) and gaining new clients (cited by 33%). Many of the RIAs say they have prioritized technology – such as software for managing investment portfolios or delivering client statements – to boost productivity.
“Because investment returns are unpredictable, this select group tends to stress their appeal beyond investing,” says Loren Fox, New York-based director of Ignites Research and head of the FT 300 ranking.
Most of the FT 300 RIAs highlight their financial planning services, such as managing cash flow, planning for retirement and creating estate plans, Fox says.
The FT 300 RIAs also try to differentiate themselves with various specialties, including their expertise in helping retirees (cited by 40% of the advisors), entrepreneurs (cited by 23%) and family offices (cited by 20%).
This marks the fifth year the Financial Times has compiled this elite list of RIAs that are scored on six criteria: AUM, AUM growth rate, years in existence, advanced industry credentials, online accessibility and compliance records.
Click here to see a full list of this year’s batch of FT 300 RIAs, including their locations and clients served.