Tim Dolan, Vice President, Institutional Sales

Written by
Tim Dolan, Vice President, Institutional Sales

Database of RIAs: Top10 RIAs in the Boston Metro Area

One of the biggest problems when selling to the RIA (Registered Investment Adviser) marketplace is the sheer size of the channel. The RIA marketplace across the United States consists of over 36,000 firms, which means that while there are plenty to choose from when looking for new clients, shrinking the list down to only those that allocate to outside managers is key. For example, here at Dakota, where we’ve raised over $6 billion from over 350 RIAs, and we qualify and curate our list to only RIAs that allocate to outside managers (which are the firms we sell for).

In an effort to help narrow down the sheer size of the market, we’ve put together a list of the top 10 RIAs in each major metro area across the country. To determine our list, we looked for three things:

1. An AUM above $200 million
2. A dedicated analyst team
3. An RIA that actively allocates capital to outside investment management firms

We have qualified 64 RIAs with an average AUM of $2.9 billion in Boston that meet our criteria. We actively call on these RIAs, and all 64 are in our “shared CRM database,” Dakota Marketplace. Below are the top 10 RIAs from that list. However, this is by no means a “best of” list, as there are so many high quality  RIAs in Boston and around the country. We just wanted to give you a place to start.

1. SCS Financial Services
AUM: $20,021,840,427
http://www.scsfinancial.com 

2. Pathstone
AUM: $14,000,000,000
http://www.pathstone.com 

3. The Colony Group
AUM: $11,500,000,000
http://www.thecolonygroup.com 

4. Ballentine Partners
AUM: $6,698,575,123
http://www.ballentinepartners.com 

5. Ropes Wealth Advisors
AUM: $3,845,215,322
http://www.ropeswealth.com 

6. Twin Focus Capital Partners
AUM: $2,488,860,727
http://www.twinfocus.com 

7. Lake Street Advisors
AUM: $2,292,212,039
http://www.lakestreetadvisors.com 

8. RINET Company
AUM: $1,976,760,620
http://www.rinetco.com 

9. Daintree Advisors
AUM: $1,125,909,000
http://www.daintreeadvisors.com 

10. O’Brien Wealth Partners
AUM: $570,939,231
http://www.obrienwp.com 

To learn more about these accounts, as well as all of the other RIAs located in Boston, click here to setup a demo of Dakota Marketplace.

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