2023 RIA Benchmarking Study
The RIA Benchmarking Study provides information on topics such as asset and revenue growth, sources of new clients, products and pricing, staffing, compensation, marketing, technology, and financial performance.
Key findings
- Despite the challenges of 2022, the Registered Investment Advisor (RIA) industry continues to be strong.
- Clients have been leaning on their advisors more than ever, and those relationships have helped contribute to organic growth through both referrals and share of wallet increases.
About the study
Schwab designed the RIA Benchmarking Study to capture insights in the RIA industry based on survey responses from individual firms. This year’s study highlights growth and business performance and how firms are investing in digital tools and workflows that will create greater efficiencies, increase productivity, and create capacity so firms can provide personalized services through the lens of their ideal client.
Fielded from January to March 2023, the study contains self-reported data from 1,300 firms that custody their assets with Schwab or TD Ameritrade and represents over $1.7 trillion in assets under management, making this the leading study in the RIA industry. Schwab did not independently verify or validate the self-reported information.
Media Contact: Kristin Meza
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