Sponsored by Schwab Advisor Services
While market appreciation, traditional referrals and word-of-mouth marketing has driven growth for a number of RIAs, the industry’s largest and most successful firms are strategically leveraging M&A, digital marketing and data to drive their next wave of growth.
Cressit, the $23 billion RIA based out of Chicago, may be one of the industry’s best examples of how to drive purposeful, scaleable – and consistently thoughtful growth.
In this episode of RIA Edge, Mark Bruno, managing director at Informa Wealth Management, speaks with Douglas Regan, founder and co-chairman of Cresset, on growth within the RIA channel and zeroes in on mergers and acquisitions, organic growth tactics and the importance of ensuring cohesion when acquiring firms and talent.
Specifically, Mark and Douglas discuss:
- The role Cresset plays in the RIA ecosystem, and how it is unlocking growth potential for its recently acquired firms
- How M&A has – and will continue to transform the RIA industry
- How Cresset looks at their talent acquisition strategy – and how it balances hiring and acquiring talent
- How Cresset has leveraged digital marketing to drive over $1 billion in new client assets to the firm