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References
1 Cerulli US RIA Marketplace 2022 (as of 2021)
2 Cerulli Associates annual RIA survey 2023
3 Cerulli Associates U.S. Advisor Metrics 2023 report
4 Echelon Partners and Advisor Growth Strategies.
5 Mahika Gupta and Shubham Chitre, "Exploring the rise
and impact of US RIA." Aranca, January 2024. https://
www.aranca.com/assets/docs/Exploring-the-Rise-and-
Impact-of-US-RIA.pdf
6 "US wealth management: A growth agenda for the
coming decade." McKinsey & Company, February 16,
2022. https://www.mckinsey.com/industries/financial-
services/our-insights/us-wealth-management-a-
growth-agenda-for-the-coming-decade
7 Paulo Costa, "Robo or human advice? Investors want
both in one place." Vanguard, February 22, 2023. https://
advisors.vanguard.com/insights/article/robo-or-human-
advice-investors-want-both-in-one-place
8 "On the cusp of change: North American wealth
management in 2030." McKinsey & Company, January
20, 2020. https://www.mckinsey.com/industries/
financial-services/our-insights/on-the-cusp-of-change-
north-american-wealth-management-in-2030
9 Envestnet Market Intelligence Survey, Spring 2023
10 ICI Statistical Report Builder
11 Envestnet Analytics
12 Spectrem Group, "Wealth management redefined"; and
EY, "2021 EY Global Wealth Research Report."
13 Spectrem Group, "Wealth Management Redefined"
14 EY, "2021 EY Global Wealth Research Report."
15 "Financial advisor practices that embrace technology
surge in productivity and efficiency." Cerulli Associates,
April 25, 2024. https://www.cerulli.com/press-releases/
financial-advisor-practices-that-embrace-technology-
surge-in-productivity-and-efficiency
16 Fidelity Study: Tech-forward wealth management
firms report stronger growth, better client experience
and higher advisor satisfaction." Fidelity, April 29,
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fidelity--study--tech-forward-wealth-management-
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17 "AI takes center stage: Survey reveals financial industry's
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nvidia.com/blog/ai-in-financial-services-survey-2024/
18 Leo Almazora, "Tech-focused wealth firms win on
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tech-focused-wealth-firms-win-on-multiple-counts-
says-fidelity-252773
