RIA Channel
topic on 1 show · 2 statements across 2 episodes
2 statements about RIA Channel, every show
Nesbitt: RIA channel was historically targeted with substandard, high-fee products
“Sales into that channel were product pitches and substandard products, with high fees.”
RIAs allocate under 2% to alternatives compared to wirehouses' 10-15%
“What's interesting though, however, and where the opportunity is, is that the RIA channel has allocation rates to alternative investments less than two percent. Their colleagues in the larger wealth management firms, the wirehouses, on average have allocation …”