Subscribe to the Dakota Blog

Top 10 Leading RIAs in the Chicago Metro Area

By: Tim Dolan, Vice President, Institutional Sales

One of the biggest problems when selling to the RIA (Registered Investment Adviser) marketplace is the sheer size of the channel. The RIA marketplace 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, shrinking the list down to only those that allocate to outside managers is key. For example, here at Dakota, where we’ve raised over $6 billion from over 350 RIAs, and we qualify and curate our list to only RIAs that allocate to outside managers (which are the firms we sell for).

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:

1. An AUM above $200 million
2. A dedicated analyst team
3. An RIA that actively allocates capital to outside investment management firms

We have qualified 40 RIAs with AUMs ranging from $57B to $50.3M in Chicago that meet our criteria. We actively call on these RIAs, and all 40 are in our “shared CRM database,” Dakota Marketplace. Below are the top 10 RIAs from that list. However, this is by no means a “best of” list, as there are so many high quality RIAs in Chicago and around the country. We just wanted to give you a place to start.

1. CIBC Private Wealth
AUM: $57,000,000,000

2. William Blair
AUM: $32,411,671,934

3. Mesirow Financial
AUM: $30,500,000,000

4. Cresset Wealth Advisors
AUM: $4,500,000,000

5. Springtide Partners
AUM: $4,000,000,000

6. Crescent Grove Advisors
AUM: $1,644,716,241

7. Strategic Wealth Partners LLC
AUM: $1,447,984,198

8. ArchPoint Investors
AUM: $1,025,355,888

9. Vantage Financial Partners
AUM: $451,080,275

10. Promus Capital
AUM: $850,000,000

marketplace free trial

Keep Reading

The 14 Best CRMs for Investment Firms to Consider in 2022

If you’re in the process of researching a CRM for your investment firm, chances are you already...

Read Now

Top Institutional Investor Databases for 2022: What Do They Cost?

The following is a list of the top institutional investor databases for investment sales...

Read Now

The Top Fund of Funds to Watch in 2021

We know that one one of the biggest challenges faced by alternative investment sales professionals...

Read Now

Address

925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481

Learning Center

Dakota Live!