RIA Benchmarking Study Means
RIA Benchmarking Study Means In our recent webinar, we spoke with Lisa Salvi, vice president of Business Consulting and Education for Schwab Advisor Services, to discuss the findings of the 2020 RIA Benchmarking Study and highlight the factors underlying that growth. The Importance of a Strategic Plan Currently in its 14th year, the RIA Benchmarking Study is one of the leading studies in the industry and features findings from 1,010 advisory firms representing $1.1 trillion in AUM. Conducted between January and March of 2020, the study found that advisors started the year in a position of strength following the longest bull market in recent history. Surprisingly, many firms continued to see ongoing growth even during the worst periods of volatility in March. “Advisors are used to innovating... and I think that’s one of the things in this COVID world that has helped to set them up for success,” explains Salvi, emphasizing that a keen focus on client experience has