The Independent Advisor Growth Project

How are the best independent advisory firms building the next generation of wealth management?

We're interviewing independent RIA founders and managing partners to understand how firms are evolving across growth, specialization, technology, client acquisition, advisor capacity, succession and artificial intelligence.

Independent RIA Founder & Managing Partner Interviews · 2026
FirmFounderClientsGrowthTechnologyPeopleIntelligence
Market context

Independent advice is changing.

16,000+
SEC-registered investment advisers
Source: Investment Adviser Industry Snapshot, Investment Adviser Association (latest edition) — figure to be confirmed against current filing data.
$176T+
in regulatory assets under management across SEC-registered advisers
Source: Investment Adviser Industry Snapshot, Investment Adviser Association (latest edition) — figure to be confirmed.
100,000+
advisors expected to retire over approximately the next decade
Source: Cerulli Associates, U.S. Advisor Metrics — figure and edition to be confirmed.
Thousands
of smaller independent firms navigating growth, succession and technology decisions
Derived from adviser-size distribution in the Snapshot data — to be stated precisely before publication.
Research thesis

Relationships built the independent RIA. What builds the next generation?

Independent advisory firms have historically grown through trust, expertise, relationships, referrals and centers of influence. Those fundamentals remain.

But the operating environment surrounding the advisor is changing. The Independent Advisor Growth Project documents how founders and managing partners are responding — it does not assume the answer is already known.

Questions firms are increasingly confronting
Organic Growth Specialization Advisor Capacity Technology Artificial Intelligence Succession Operational Leverage Client Acquisition
Research agenda

What we're studying.

01

Growth

Where will the next generation of advisory clients come from?

02

Specialization

Are firms becoming more deliberate about whom they serve?

03

Technology

Which technologies actually create advisor leverage?

04

Artificial Intelligence

Where can AI help — and where should humans remain firmly in control?

05

Advisor Capacity

How do firms grow without turning their best advisors into full-time business developers?

06

Succession

How are founders building firms capable of operating beyond them?

Operating Leverage

Which systems allow firms to grow without proportional increases in complexity?

Conversations

Conversations with the people building independent wealth management.

Now forming

Founding Interview Series

We're currently assembling the first group of independent RIA founders and managing partners participating in the project.

Participate in the Founding Series
Interview 01 · Founding series · Unassigned
Interview 02 · Founding series · Unassigned
Interview 03 · Founding series · Unassigned
Guests, titles and firms are published only once interviews are recorded and cleared.
Open questions

What we're learning.

These are the questions the interviews are built to answer. As the dataset grows, this section becomes anonymized findings — published with sample size, methodology and date, and only when the data supports them.

How dependent are founder-led RIAs on referrals?
At what point does advisor capacity become a growth constraint?
Which ideal-client niches can be systematically identified?
Where are RIAs actually deploying AI today?
Which workflows consume disproportionate advisor time?
How does specialization affect acquisition?
Research intelligence

Every conversation makes the research smarter.

We combine public industry information with structured conversations to identify recurring patterns across independent advisory firms.

Public data
RIA interviews
Market research
Operating patterns
RIA Growth Intelligence
Growth channels Ideal-client profiles Specialization Referral dependence Technology adoption AI adoption Advisor capacity Operational bottlenecks Succession Firm structure

Individual firm information is not publicly attributed without appropriate permission.

Target market research

Can an ideal client become an addressable market?

Many advisory firms describe their ideal clients clearly: business owners, physicians, technology executives, founders approaching liquidity, partners in professional-services firms.

One area we're investigating is whether these descriptions can be transformed into measurable market intelligence — and how far that translation can honestly be taken.

Illustrative example

“Business owners approaching a sale” becomes: privately held companies, $10–50M revenue, single-region, founder-owned 15+ years, with observable transition signals.

Ideal Client
IndustryRoleGeographyCompanyOwnershipBusiness characteristicsObservable signals
Addressable Market Intelligence
AI philosophy

AI should create leverage — not replace the advisor.

Technology can assist with

Research
Data
Workflow
Scheduling
CRM administration
Meeting preparation
Transcription
Analytics
Approved business-development processes

Advisors remain responsible for

Trust
Judgment
Advice
Recommendations
Planning
Client relationships
Complex decisions
Professional responsibility

Technology should increase the amount of time advisors can spend doing the work that actually requires an advisor.

Participation

Add your perspective.

We're inviting a select group of independent RIA founders and managing partners to participate in the 2026 interview series.

The conversation explores your firm's story, the clients you've chosen to serve, how you're approaching growth, the role technology plays in the business, and where you believe independent advice is headed. No presentation is required.

Step 1 · ~15 minutes

Introductory Conversation

We learn about your firm and identify the topics that could make the interview most useful.

Step 2

Founder Interview

A deeper conversation about your firm, clients, growth, technology and perspective on the industry.

Step 3

Research & Analysis

Insights from participating firms contribute to our broader understanding of how independent RIAs are evolving.

Request an Interview Participation is selective and subject to editorial fit.
The RIA Growth Blueprint™

From conversation to private insight.

For selected participating firms, we may translate the research conversation and publicly available firm information into a private RIA Growth Blueprint™. The Blueprint is a diagnostic artifact — it is not a service package.

How the Blueprint Works
What We Heard Current Growth System Target Client Observed Bottlenecks Opportunity Map Technology & Automation 90-Day Priorities Measurement Framework
The flywheel

A living study of the independent RIA.

The project becomes more useful as participation grows. Our objective is to develop a richer understanding of how independent advisory firms actually operate rather than relying exclusively on generic assumptions about the industry.

01Interviews
02Structured Intelligence
03Recurring Patterns
04Research
05Applied Learning
06Measured Outcomes
and back into the next round of interviews
About

Growth × Systems × Intelligence

The project brings an operator and technology perspective to studying the independent advisory industry — not a claim of three decades inside an RIA. Two complementary backgrounds, applied to a question we think is genuinely open.

Eric

Growth
Entrepreneurship Startups GTM strategy Customer acquisition Sales Business systems Finance & accounting Market development AI-enabled business models

Orlando

Systems
Computer science Mathematics AI architecture Data systems Automation Knowledge architecture
Research principles

How we approach the project.

Evidence Before Assumption

We distinguish verified facts, participant statements, inference and recommendations.

Firm-Specific

We don't assume every RIA has the same growth problem.

Human Judgment

AI supports analysis rather than replacing professional judgment.

Privacy

Private firm information is treated accordingly.

Measurement

Ideas should ultimately be evaluated against observable outcomes.

Learning

Each conversation should improve our understanding of the industry.

Help us understand where independent advice is going next.

We're assembling the founding group of independent RIA founders and managing partners participating in The Independent Advisor Growth Project.

15-minute introductory conversation · No presentation required