registered investment advisor

also referred to as: registered investment advisors · ria · rias

5 statements across 4 episodes · 2 bullish · 1 bearish · 4 people on the record · first statement Dec 12, 2022 by Charlie Ellis · across every show →

Everything said about registered investment advisor, oldest first

Dec 12, 2022 bearish
Prediction Not checkable as stated
Traditional 1% RIA fees will prove unsustainable over the long run
“You can always get registered investment advisor, but at one percent of assets, it turns out to be a pretty significant cost. And although that's a business that has boomed, I think in the long run, it's going to turn out to be too costly relative to the value…”
Charlie Ellis Dec 12, 2022 ▶ 53:47 Charley Ellis - Figuring Out Investing and Vanguard (Capital Allocators, EP.286)
Oct 7, 2024 neutral
Insight
Nesbitt: Mid-sized RIAs lack the resources to conduct alternative investments
“These RIAs, generally they manage between one and maybe twenty billion. There are very smart business people. They have some investment skill, but they don't have the resources, particularly the resources to do alternative investments.”
Steve Nesbitt Oct 7, 2024 ▶ 25:22 Stephen Nesbitt – Innovation in Private Markets for RIAs (EP.410)
Dec 9, 2024 positive
Insight
McCusker: RIAs Lack Full Investment Engines Built by Institutional Consultants
“You see the RIA space that is growing, that's going through a different kind of consolidation with all these smaller independent RIAs, but you see this tailwind of new wealth coming in there, RIAs needing a lot of investment help, and these platforms that have…”
Tim McCusker Dec 9, 2024 ▶ 8:42 Asset Management Consolidation - Simon Krinsky, Hall Capital and Tim McCusker, NEPC (EP.421)
Jun 16, 2025 neutral
Assertion Supported
Oros: Majority of RIAs grow via market lift, not new clients
“The majority of advisors really grow when the market goes up. They struggle to generate net new client growth.”
Bob Oros Jun 16, 2025 ▶ 11:39 Bob Oros – RIA Perspective at Hightower (Private Wealth 7, EP.452)
Jun 16, 2025 bullish
Prediction Not checkable as stated
Oros: Large RIA platforms will merge to reach $200B-$300B scale
“You're going to see more meaningful consolidation, including big firms that come together. Because think about if you're a 20,000,000,030 billion dollar AUM RIA, That's a big RIA, but you're still a long ways from a 200,000,000,300 billion dollar firm with rea…”
Bob Oros Jun 16, 2025 ▶ 41:47 Bob Oros – RIA Perspective at Hightower (Private Wealth 7, EP.452)
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