Viewpoints

PE investments elicit mixed feelings among advisors, RIA execs

Alec Rich / Mar 03, 2025
An informal survey conducted by Citywire of roughly 60 advisors and executives from a wide-range of firms displayed familiar sentiments about threats to the industry and growth methods.
SCOTTSDALE, Ariz. — While much has changed in the wealth management industry, familiar trends like concerns over private equity and a reliance on referrals remain ever present. 
These were the findings and sentiments gathered from a mix of roughly 60 RIA executives, advisors and employees informally polled at Citywire RIA’s CIO Summit late last week. 
The results, which highlight just a slice of opinions across the industry, tipped similarities in how firms of all sizes view the state of wealth management today. Participation in the survey was voluntary; respondents represented RIAs with client assets under management ranging from several hundred million dollars to upwards of $5bn. 
Asked first about what they believe to be the biggest threat to the RIA industry, nearly half of respondents said ‘private equity ownership degrading quality of service’ (47%). This was followed by robo-advice (30%), fee pressure (13%), wirehouses (7%) and restrictions on advisor movement (3%). 
Advisors and executives...
CITYWIRE RIA
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