WE Family Offices Named Among Barron’s Top 40 Registered Investment Advisor Firms
October 3, 2018
WE Family Offices is pleased to announce that it has earned a spot on Barron’s 2018 Top 40 Registered Investment Advisor Firms. Coming in at no. 19, this is the first year that WE has been named to this selective list that ranks the most elite registered investment advisor firms (RIA firms) in the U.S.
Barron’s produces this list annually to help investors find quality financial guidance. Rankings are based on assets managed, the size and experience of teams, the regulatory records of the advisors and firms, and dozens of other qualitative and quantitative components.
WE achieved this notable ranking as the competition among RIA firms heats up. In the past, RIA firms were a small ripple in the wealth management landscape. Now, these firms are growing at an astonishing rate, with the largest firms growing by more than 40% last year. Technological and regulatory challenges throughout the wealth management landscape are making it increasingly difficult for small firms to compete, and according to Barron’s, much of the growth among RIAs is coming from a steady increase in mergers-and-acquisition activity, with acquisitions becoming increasingly larger.
To reflect this rapid growth, Barron’s expanded this year’s Top RIA Firms list to include 40 spots, which is a stark increase from 20 in 2016 and 30 in 2017.
“We are honored to be listed among Barron’s Top RIA Firms,” says WE Family Offices CEO, Mel Lagomasino. “We are also pleased to see how this increasing demand for independent advice is shaping the industry to the benefit of investors. Growth of scale most often results in lower fees and better terms for clients, while also resulting in increasing capabilities among RIAs.”
In response to WE being named among the Top 40 RIA Firms of 2018 by Barron’s, both The Wall Street Journal and Barron’s have interviewed Lagomasino, to discuss in detail the growth of RIA firms and what this growth means for clients.