Peer perspectives: RIAs share how benchmarking drives success
Each year, more than 1,000 firms take part in the RIA Benchmarking Study from Charles Schwab. These advisors receive personalized reports that enable a side-by-side comparison of their firms' data against that of other firms with similar assets under management. These customized insights can help them identify and support strategic business objectives.
In their own words
Watch these videos to hear directly from advisors about how they've leveraged information and insights from their customized Benchmarking Study results to evolve their firms.
Watch video: Mike Amash: Principal, Westmount Asset Management
Mike Amash, Principal, Westmount Asset Management, shares some benefits of participating in the study annually.
Watch video: Josh Miller: Colorado Financial Management
Josh Miller, President of Colorado Financial Management, shares the smaller-firm perspective.
Watch video: Bijan Golkar: FPC Investment Advisory, Inc.
Bijan Golkar, CEO of FPC Investment Advisory, explains how study insights translated into greater profitability.
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 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.