Viewpoints

Are RIAs living in an era of 'decadence'?

Lawrence Lever, Ian Wenik, Alan Walsh / Mar 12, 2025
During the inaugural Citywire RIA CEO Summit, Focus Partners Wealth chief executive Adam Birenbaum discussed the risks a market slump might pose for RIAs after years of positive returns.
The legendary journalist Hunter S. Thompson once described the Kentucky Derby as ‘decadent and depraved.’ Are RIAs living in a similar environment? Years of market appreciation have covered up weak growth and operational inefficiencies at some firms.
Focus Partners Wealth chief executive Adam Birenbaum discussed what might happen to some RIAs during an extended downturn at the inaugural Citywire RIA CEO Summit.
CITYWIRE RIA
To read the full article, become an RIA Insider. You'll also gain complimentary access to news, insights, tools and more.
REGISTER NOW
Already an Insider?Log In
All content on this page is drawn from unaffiliated publications. Content on this site is not intended to provide, and should not be interpreted as legal, tax, investment or insurance advice, or recommendations by any party. Capital Client Group, Inc. is not responsible for content created by third parties and they do not explicitly or implicitly endorse or approve such content. Copyrights are held by the individual publications to which each article is attributed.