Why RIAs raid other RIAs for talent

July 31, 2020

Why RIAs raid other RIAs for talent

A new study from Charles Schwab indicates that RIAs are increasingly looking amongst themselves for new talent.

According to the RIA custodian’s 2020 RIA benchmarking study, other RIAs were the most popular source of talent for advisory firms with more than $250m in assets under management. Schwab found that 39% of respondents to its survey — which contained self-reported data from 1,010 firms — recruited staffers from fellow independent advisory businesses in 2019.

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