Cassaday & Company, Inc. has been ranked #118 on Financial Advisor’s Top RIA* list for 2020. This is a jump from last year’s ranking of #131 and is the firm’s ninth year on the list.
As the independent advisor channel continues to grow, Cassaday & Company, Inc. is especially proud to be recognized as part of this elite and competitive group. In the 19 years that the Investment Adviser Association has tracked RIA growth, “the regulatory AUM that RIAs now manage has nearly quadrupled 2001 levels. The total industry aggregate AUM/RAUM has grown 279% since 2001—a compound annual growth rate of 8.2%.” There are more than 680 RIAs with at least $1 billion in client assets, according to a November 2017 Cerulli Associates report. This club accounts for less than 4% of the total number of RIAs, but controls 32% of the RIA channel’s workforce and 60% of its assets.
Why is the independent advisory channel growing? As reported in Financial Advisor Magazine, investors are developing a better understanding and appreciation for the inherent fiduciary nature of the RIA model.
RIAs have more flexibility to find investments, and thus a greater ability to put clients’ needs ahead of their own.
Cassaday & Company, Inc. was founded in 1993, before the independent advisory model became popular. After 16 years of holding senior and management positions with several major New York Stock Exchange member firms, Steve Cassaday went against the grain to found Cassaday & Company, Inc. in order to provide investors objective, personalized advice in a small-firm setting, but with big-firm capabilities. It is imperative to us that we uphold our founding principles, and that clients never feel like they are just a number.
*FA Magazine – Financial Advisor Magazine used discretionary and non-discretionary assets under management as reported on Form ADV to compile their RIA rankings. Genovese Burford & Brothers Asset Management did not pay a fee in exchange for inclusion on this list. More information can be found at http://www.fa-mag.com/research/ria-survey.