McCusker: RIAs Lack Full Investment Engines Built by Institutional Consultants
Tim McCusker · Asset Management Consolidation - Simon Krinsky, Hall Capital and Tim McCusker, NEPC (EP.421) · Dec 9, 2024 · at 8:42
Tim McCusker, CIO of NEPC, explains why institutional consultants are expanding into the consolidating Registered Investment Advisor (RIA) and wealth management space.
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“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 been created that really maybe don't have that full investment engine that a lot of the larger institutional consulting firms have been able to build out, and there's a nice fit there with the skills and strengths that we have and what some of these RIAs have.”
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