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 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:
- 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 10 RIAs in Stamford, Connecticut 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 in Stamford. By the end of the article, you'll have a clear idea of the landscape and who you can be calling on.
About: NewEdge Wealth is part of NewEdge Capital Group, a leading provider of best-in-class, technology-enabled solutions for Financial Advisors. NewEdge is a new brand name, but it is a business that traces its roots back over 35 years with deep experience supporting financial advisors with the complexities of running a successful wealth management business.
About: Northeast Financial was founded in 1983 by Elwood Davis to provide comprehensive financial counseling services to teams of senior executives at select public companies. What began as a financial planning and tax advisory business has evolved into a multifamily office to support the family, lifestyle and legacy objectives of our High Net Worth clients and their families.
Northeast Financial is an independent Registered Investment Advisor (RIA) that is registered with the SEC, with over $4.5 billion in assets under management as of December 31, 2021.
About: Coastal Bridge Advisors begins almost every relationship by listening to clients, hearing about what they want to achieve, what might keep them awake at night when they think about wealth and finances, and how they'd like to enjoy your life while working and in retirement. Once they've collaborated with the client to identify goals, their team goes into action to help make sure they reach them.
Along the way, the team “uncomplicates it” which means taking the complex or potentially challenging parts of the financial management process and explaining them in simple, clear terms so that you can make an informed decision at every step in the process.
About: RZH Advisors is a privately owned, independent wealth management firm passionate about helping empower people to confidently enjoy their wealth, knowing it’s protected from the financial uncertainties of life.
To accomplish this, they immerse themselves in the lives of their clients and strive to know them far better than other firms. As a result, their approach to managing wealth helps lead to decisions that address every aspect of a client’s life.
About: Tortoise Investment Management provides discretionary investment management and wealth planning services primarily to high net-worth families and individuals, and trusts.
6. Carson Wealth (formerly Karn Couzens & Associates)
About: Founded in 1983, Carson Wealth has grown to become a Barron’s Hall of Fame firm, serving clients through holistic financial planning, disciplined investment strategies, and proactive personal service.
About: Your financial success is Hollow Brook's highest priority and the customer service experience greatly matters to them. Their purpose is to oversee and manage their clients' wealth with care, skill, and excellence. They proactively adapt their portfolios through evolving market conditions while remaining focused on the long-term.
About: Webster Wealth Advisors, provides comprehensive financial planning and wealth management services to high-net-worth individuals and families. They work with individuals and families to design and implement a customized financial plan that is specifically tailored to help meet their unique needs. At Webster Wealth Advisors, they become their clients' personal chief financial officer.
About: RiskBridge Advisors fosters a deep respect for the philanthropic community and its crucial role in the economic well-being of the nation and the world. By focusing on education, science, medicine, arts & culture, and the environment, philanthropies positively impact economic growth and productivity. Their guiding principle is to help endowments, foundations, and their advocates persevere and achieve extraordinary outcomes.
RiskBridge's vision is to help clients build resilient legacies, secure better retirements, find more cures, award more scholarships, deliver more grants, and offer more community services.
About: Granite Group Advisors is an independent wealth management firm founded by executives with more than 25 years of experience at leading financial firms. They have been disrupting the Wall Street wealth management model for over 15 years, delivering compelling results by serving as the Investor’s Advocate.
While the above are the RIAs in Stamford with the highest AUM, you can access the complete list of Stamford RIAs in Dakota Marketplace. To find out more, we'd love to offer a free trial of the platform.