“aRIA” or Alliance for RIAs, has been formed by six RIA firms, it was announced this week according to Matt Ackermann, reporting for OnWallStreet.
The group plans to meet on a regular basis and provide “thought leadership” to independent and wirehouse financial advisors.
Firms represented on the council include:
- Savant Capital
- Carson Wealth Management Group
- Stratos Wealth Planning
- Beacon Points Wealth Advisors
- Highline Wealth Management
Collectively, the members manage $18 billion of client assets and each of the representatives on the council has a proven track record for success in the industry.
The council’s focus will be on raising awareness of the different options the financial advisors have when focusing on growth of their practices. The council plans to release a series of white papers in the third quarter.