The RIA Benchmarking Study

With over 1,000 firms participating every year, the RIA Benchmarking Study is the largest of its kind in the industry for a reason. Firms that participate receive in-depth data and insights, customized to their business, and all at no cost. Mark your calendar: The 2024 study opens in January.

Results from the 2023 Benchmarking Study

Explore learnings from the most recent study results and see how advisory firms succeeded despite a challenging year.

Take an interactive tour

View this year's key study insights and explore related resources that make it easy to take action.

In-depth insights you can use

Haven't participated in the Benchmarking Study before? See sample excerpts of the custom reports with peer and compensation information that study participants receive.

From the archives

The largest study in the RIA industry is also the most respected—with good reason. Take a look back and see what's pushing firms forward.

Data to inform your critical decisions

Why does this firm consider the RIA Benchmarking Study an essential tool for their business? Because "the data points are critical to making good business decisions." Learn how they do it.

Read the case study >

The Benchmarking Study is a requirement in order to keep our business managed in an optimal way and growing as best we can.

Mike Amash with Westmount Asset Management

About the RIA Benchmarking Study

Schwab designed this study to capture insights in the registered investment advisor (RIA) industry based on survey responses from individual firms. The study provides information on topics such as asset and revenue growth, sources of new clients, products and pricing, staffing, compensation, marketing, technology, and financial performance. Since the inception of the study in 2006, more than 4,500 firms have participated with many repeat participants. Fielded from January to March 2023, the 2023 study contains self-reported data from 1,300 advisory firms that custody their assets with Schwab or TD Ameritrade and represents over $1.7 trillion in assets under management, making this the leading study in the RIA industry. Schwab did not independently verify or validate the self-reported information. Participant firms represent various sizes and business models. They are categorized into eight peer groups by AUM size. The study is part of Schwab Business Consulting and Education, a practice management offering for RIAs. Grounded in the best practices of leading independent advisory firms, Business Consulting and Education provides insight, guidance, tools, and resources to help RIAs strategically manage and grow their firms.

Past performance is not an indicator of future results.