If you're in investment sales, you likely already know that one of the biggest problems of selling to the RIA channel 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
- Hightower Advisors LLC
- Bessemer Trust
- Rockefeller Capital Management
- Cerity Partners
- CIBC Private Wealth
- William Blair
- Calamos Wealth Management
- Mesirow Financial
- Cresset Wealth Advisors
- Fidelity Strategic Advisors
- SCS Financial Services
- Partners Capital Group
- The Colony Group
4. Los Angeles
- SageView Advisory Group
- NFP Retirement Inc
- Beacon Pointe Advisors
- Evoke Advisors
- Whittier Trust Company
- Retirement Advisors of America Inc
- Avantax Wealth Management
- First Command Financial Planning
- CH Investment Partners
- Tolleson Private Wealth Management
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.