This is the firm’s seventh 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 17 years that the Investment Adviser Association has tracked RIA growth, AUM has grown by a cumulative 220 percent and at a compound annual growth rate of 8.1 percent.
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’s imperative to us that we uphold our founding principles, and that clients never feel like they are just a number.
Our independence means that we have no proprietary products or programs, and no pressure to sell certain investments or push particular strategies.
As Cassaday & Company, Inc. itself continues to grow alongside of the RIA channel as a whole, our independence remains a core part of our mission. We take great pride in maintaining a culture of excellence and integrity by adhering to the highest fiduciary standards and acting in the best interest of our clients 100% of the time. We are proud to be a pioneer in the industry and are excited to see more investors trusting independent advisors with their financial goals.
To read more about the 2018 RIA Survey & Ranking, click here.
For the full RIA ranking chart, click here.
*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.