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The RIA business has skilled a major quantity of progress in recent times—however a handful of corporations have discovered the keys to driving sustainable, long-term progress that may set them up for achievement sooner or later?
What are the “secrets and techniques” to changing into a top-performing RIA? On this episode of RIA Edge, Mark Bruno, managing director at Informa Wealth Administration, speaks with Lisa Salvi, managing director at Schwab Advisor Providers, in regards to the outcomes of Schwab’s 2022 RIA benchmarking research, and affords insights into the human capital {and professional} administration approaches driving the expansion of the business’s high corporations.
Mark and Lisa talk about:
- Benchmarking progress within the RIA channel and the drivers of progress for the highest 25% of the RIA business
- The extraordinary battle for expertise within the RIA section, and the way top-performers are efficiently recruiting and retaining expertise
- The positions and ability units which might be essentially the most wanted within the RIA market—and the way it aligns with present and future progress alternatives
- From a compensation perspective, the labor market has influenced each compensation ranges, in addition to the construction of compensation packages
