According to Cerulli and Associates, the independent and hybrid investment advisor (RIA) channels are growing at a faster rate than other intermediary channels. Over the last decades, the headcount of independent and hybrid RIAs soared from 18% to more than 27% and is expected to surpass 30% in the next five years. Having started in 1968 with the establishment of the first independent broker dealers, there are now >3,000 IBDs and >15,000 RIAs in the U.S. Increasing consolidation through mergers and acquisitions may reduce that number over the coming years, but the move towards independence will not slow down as new advisory models driven by market demand evolve.
Join us for a moderated discussion with Larry Roth, Managing Partner of RLR Strategic Partners, a strategic consultancy, private investment, and M&A advisory firm focused on the wealth management space. Having served as CEO of both Advisor Group (now Osaic) and Cetera Financial Group, two of the largest independent wealth management firms, and currently acting as Senior Advisor at Berkshire Global Advisors, a leading investment bank, Larry will share his unique perspective on the evolution and future of the financial services industry.
In this session, we will discuss:
Understanding the Growth and Evolution of Independent Wealth Management
Listeners will gain insights into how the independent wealth management space has evolved over the past two decades and the factors driving its growth, especially the shift toward transparent, client-focused financial advice.
Building and Scaling Independent Advice Firms
Larry’s expertise in scaling and managing independent broker-dealers, like Cetera and Advisor Group, will provide valuable lessons on creating sustainable, scalable models in the wealth management industry.
Navigating M&A and Strategic Growth in Wealth Management
With Larry’s extensive experience in M&A and strategic consulting, listeners will learn about the key considerations, challenges, and strategies behind mergers and acquisitions in the financial advice sector, including how these deals shape the future of wealth management.