If you're in investment sales, you likely already know that one of the biggest problems of selling to RIAs 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 more than enough 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 2,000 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 RIAs in the top 5 metro areas across the country. To determine our list, we looked for three things:
- An AUM above $200 million
- A dedicated analyst team
- An RIA that actively allocates capital to outside investment management firms
In this article, we're highlighting the top 5 RIAs in the top metro areas across the United States from our curated institutional investor database, Dakota Marketplace.
However, this is by no means a “best of” list, as there are so many high quality RIAs across the country. By the end of the article, you'll have a clear idea of the landscape and who you can be calling on.
1. New York City
- Brown Advisory
AUM: $148,000,000
- Hightower Advisors LLC
AUM: $108,200,000,000
- Bessemer Trust
AUM: $107,000,000,000
- Rockefeller Capital Management
AUM: $95,000,000,000
- Cerity Partners
AUM: $50,000,000,000
2. Chicago
- CIBC Private Wealth
AUM: $73,775,455,095
- William Blair
AUM: $49,965,190,648
- Calamos Wealth Management
AUM: $41,993,109,481
- Mesirow Financial
AUM: $30,500,000,000
- Cresset Wealth Advisors
AUM: $22,967,857,515
3. Boston
- Fidelity Strategic Advisors
AUM: $450,000,000,000
- SCS Financial Services
AUM: $32,181,107,000
- Partners Capital Group
AUM: $29,812,849,622
- Pathstone
AUM: $22,604,852,072
- The Colony Group
AUM: $18,638,723,308
4. Los Angeles
- SageView Advisory Group
AUM: $176,336,258,193
- NFP Retirement Inc
AUM: $78,717,910,074
- Beacon Pointe Advisors
AUM: $32,000,000,000
- Evoke Advisors
AUM: $22,300,000,000
- Whittier Trust Company
AUM: $19,000,000,000
5. Dallas
- Retirement Advisors of America Inc
AUM: $45,429,324,282
- Avantax Wealth Management
AUM: $34,340,503,208
- First Command Financial Planning
AUM: $25,000,000,000
- CH Investment Partners
AUM: $11,617,246,000
- Tolleson Private Wealth Management
AUM: $8,181,879,724
While the above are some of the RIAs across several metros that are most viewed in Dakota Marketplace, you can access the complete database of RIAs in Dakota Marketplace. To find out more, we'd love to offer a free trial of the platform.
