MADA has worked with CAPTRUST Financial Advisors for more than 25 years. It’s the 401k provider we choose for our own staff, and the company almost 100 other MADA dealers work with.
In its July 2016 issue, Financial Advisor magazine ranked CAPTRUST number one among registered investment advisors (RIAs) with assets in excess of $1 billion. The magazine’s annual survey analyzes several metrics, including assets under advisement, asset growth over the trailing year, assets per client, and a number of other indicators of business success.
Authors Evan Simonff and Eric Rasmussen cite recent challenges for the investment advisory industry, such as the Department of Labor’s fiduciary rule, lackluster and volatile capital markets, advisor succession, and the challenges of investing in the technology and infrastructure necessary to grow. In fact, of the 612 RIAs that participated in the survey, “more than one-third, 219, said they saw assets under management shrink last year,” according to the article.
Despite industry headwinds, CAPTRUST’s client assets and number of clients grew by 15.3% and 9.5%, respectively, during 2015. Last year was a record year for CAPTRUST on several fronts. Client assets under advisement grew from $147.7 billion to $169.1 billion.
Learn more about MADA’s endorsed 401k provider! Call us at (800) 292-1923.