January 07, 2022
If you're in investment sales, you likely already know that one of the biggest problems of selling to RIAs (Registered Investment Adviser) is the sheer size of it.
The RIA market across the United States consists of over 36,000 firms, which means that while there are plenty to choose from when looking for new clients, narrowing down the list to only those that allocate to outside managers is going to be key.
Here at Dakota, we’ve raised over $6 billion from over 350 RIAs, and that has been possible because we qualify and curate our list to only RIAs that allocate to outside managers.
In an effort to help narrow down the sheer size of the market, we’ve put together a list of the top 10 RIAs in each major metro area across the country. To determine our list, we looked for three things:
We have qualified 25 RIAs with AUMs ranging from $20B to $83M in St. Louis that meet our criteria.
Below are the top 10 RIAs in St. Louis from that list. However, this is by no means a “best of” list, as there are so many high quality RIAs in St. Louis and around the country. We just wanted to give you a place to start.
AUM: $20,000,000,000
According to Moneta Group, they're a fee-only financial advisors for individuals, families and organizations across the U.S. They empower clients in all stages of life from young, high earners busy accumulating wealth to retirees and everything in between.
AUM: $5,500,000,000
Founded in 2002, St. Louis Trust & Family Office states they have a proven track record of seamlessly managing all of their clients' financial affairs. Their purpose is to be an indispensable partner to their client families to make their lives better. They provide peace of mind to their families and simplify complexity.
AUM: $3,550,810,536
Granger Management is an independent SEC registered investment advisory business serving a select number of institutional and private clients.
AUM: $3,026,000,882
For more than 30 years, Matter has been committed to helping families thrive. In their own words, they are passionate about working with families to invest intentionally, simplify the complexities of wealth, and cultivate a culture that fosters trust, communication, and lasting legacies.
AUM: $2,441,730,042
From HM Capital Management themselves, their mission is to be problem solvers, a source of solutions and the go-to persons for all things financial. At HM Capital Management this is accomplished by providing fee-only investment advice from a team of experienced professionals that is always serving in the best interest of the client.
AUM: $2,200,000,000
From Visionary Wealth Advisors' website, they provide the best-in-class, independent, wealth management services customized to your individual needs. Their vision allows you & your family to realize your full financial protentional to achieve a future greater than your past.
AUM: $1,965,573,546
Zemenick & Walker, Inc., is a registered investment advisory firm in Clayton, Missouri, specializing in handling the asset management needs of high net worth individuals, qualified retirement plans, and not-for-profit entities. According to Zemenick & Walker, their firm serves as the Chief Investment Officer for its clients, offering non-discretionary investment advice on a fee-only basis. Clients who benefit most from their services are those with investment portfolios in excess of $5 million as the complexities associated with income taxes, estate taxes, charitable gifting, and retirement planning require specific expertise.
AUM: $1,881,185,185
RubinBrown was founded in 1952 and is one of the nation’s leading accounting and professional consulting firms. The RubinBrown name and reputation are synonymous with experience, integrity and value. Their mission is to help clients build and protect value, while at all times honoring the responsibility to serve tee public interest.
AUM: $1,700,000,000
From Renaissance themselves, over 20 years ago a diverse group of individuals came together with a shared vision of creating a successful and dynamic financial firm. Their mission: to use creative business and personal planning to help clients achieve financial freedom…one relationship at a time. And so Renaissance Financial was born. Since then, Renaissance has flourished, expanding from 14 founding members into a team of well over 130 driven, talented and experienced professionals.
AUM: $1,285,379,081
In Argos Capital Partners' own words, they are an independent, private investment firm focused on serving their ultra-affluent families.
Gui Costin is the Founder and CEO of Dakota.
