The trade press would generally have you believe that a great consolidation is coming that will leave smaller RIAs behind. While there are some legitimate reasons why that could be the case, the story line is primarily intended to compel many of you to sell-out to the large consolidators who want to amass AUM and go public.
As you are thinking about the future of your practice, do not overlook the growing number of outsourcing solutions now available that can provide you the economies of scale to compete against large firms without asking you to give up ownership or control. We tried to make this point in an article titled “How Outsourcing Could Save Small RIAs from Extinction” by OnWallStreet. To hear how our solutions jumpstarted one small advisor’s practice click <here>.