People Moves Related to "McKinsey & Co. weighs in on the future of RIAs -- where it has 'zero business' -- and comes up with the same boilerplate prediction about the demise of mom-and-pop shops"
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McKinsey finds white knight in Neuberger Berman for its side-slipping, $26-billion RIA, exposed by SEC ruling; Neuberger scores a pipeline of senior partners and unshackles the RIA to compete as a third party
Feb 26, 2026The New York consultancy took nearly five years to unload the wealth and asset manager; McKinsey now admits it was not a 'natural' owner.
Sleeping giant McKinsey & Co. hires Eric Clarke as it awakens to $9-trillion RIA business and plays catch-up
May 30, 2024The New York City consulting giant quietly made the Orion founder and ex-CEO a McKinsey senior advisor two months after he stepped down last year.
Plague of failed hires at strapped RIA firms 'come back to bite them,' making the process of closing bandwidth deficits falter, two new studies show
Feb 28, 2024Turnover rates hover near 50%, Cerulli and Ensemble report, and may be worsening as hires in market of talent scarcity has inevitable backlash.
The classic RIA era is sputtering and firms must 'decentralize,' hiring non-advisors to specialize, new Cerulli report shows, or RIAs will 'limp along,' a second consultant says
Jan 13, 2024RIA principals have killed Wall Street with semi-solo shops -- only 35% have 'specialized staff' -- but the comfort zone must evolve for growth