Investments & Wealth Institute Board Leadership Reflects Growth of RIA Business Model
Morgan Stanley (MS)
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Source: PR Web
DENVER (PRWEB) December 04, 2020 The last decade has seen incredible changes in the financial advisory profession. One trend has been growth in Registered Investment Advisor (RIA) and hybrid models. The Securities and Exchange Commission (SEC) lists over 13,800 total RIA firms serving over 40 million clients. As the premier association representing financial advisors, the percentage of Investments & Wealth Institute members and board leaders who hail from RIA ranks has grown as well. In late 2019, the Investments & Wealth Institute announced that for the first time in its 35 year history, the plurality of its members work within independent channels. On 3 December 2020, the Investments & Wealth Institute made several announcements regarding the composition of its Board of Directors. The Institute's 2021 Board Chair, Chair-Elect, and newest Board member all serve as principals of RIA firms. Lauris S. Lambergs, CIMA®, CHSA®, has been elected to serve a two-year term on the Board of Di
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