Oisín Breen

If Strive were smart they would use part of the $30MM (say $10MM) to develop a defensible investment platform on which to manage their roll-up advisor assets.  Platform integrates w/ varying custodians and serves as a marketing tool for both B2C and B2B.  Once the platform is deployed there are a bunch of other interesting businesses that fall off of it.  I'll build it for you; contact me through LinkedIn and we'll talk.

Otherwise, you're just pissing in the wind, competing with every other roll-up; which is a complete waste of time.

I feel really bad for clients of any firm selling out to these guys.

“ Many Americans are hungry for an authentic and unapologetic embrace of capitalism, meritocracy, and innovation, and that’s what we strive to deliver.” -and yet JD Vance’s only “merit” was being propped up by Thiel as a “co-founder” to NARYA and funding his senate campaign.

Brooke Southall and Keith Girard

JD Vance joins MAGA backers, including mentor Peter Thiel, to raise $30 million for Vivek Ramaswamy's RIA rollup startup

Vivek Ramaswamy

Strive Asset Management

JD Vance

Strive

A look at the numbers shows that exchange traded funds are starting to move in lockstep with RIAs and vice-versa. RIAs invested $496 billion in ETFs in the 12-month period ended June 30, 2015 – that’s a $78 billion increase compared to the same period the year before. By comparison, the wirehouse channel added 20% fewer ETF assets, or $397 billion in the last year; granted, an amount that was $70 billion greater than its aggregate investment during the same 12-month period the year before, according to Broadridge Financial Solutions. RIAs that manage portfolios and make discretionary investment choices for their clients value ETFs because they provide advisors with easy access to market segments at a cheap price – an especially important factor for RIAs who are compensated on an asset-fee basis. Fee-based advisors appreciate ETFs’ tax efficiency, liquidity and broad exposure at low cost. Conversely, RIAs are a prized channel for ETF-makers like State Street, Invesco, PowerShares, Vanguard Group and BlackRock. ETFs are also a major ingredient in portfolios devised by robo-advisors -- essentially automated RIAs -- for the mass affluent who invest more than 90% of their assets using ETFs.

ETFs

The 39 year-old vice presidential candidate's investment into the anti-ESG ETF-maker Strive Asset Management draws him closer to its owner, Ramaswamy, 38.

JD Vance joins MAGA backers, including mentor Peter Thiel, to raise $30 million for Vivek Ramaswamy's RIA rollup startup

Brian Murphy

George Papadopoulos

Melissa B

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JD Vance joins MAGA backers, including mentor Peter Thiel, to raise $30 million for Vivek Ramaswamy's RIA rollup startup

Brian Murphy

George Papadopoulos

Melissa B

Related Moves

May 12, 2025 at 2:39 AM

January 11, 2025 at 3:01 AM

June 3, 2025 at 1:02 AM

RIABiz Directory

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