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Cardan Senior Portfolio Analyst David Fox recently traveled to Austin, Texas, to accept an ‘RIA Future 50’ presented by Citywire USA, a provider of news and information for professional investors.

In Citywire’s words, RIA Future 50 firms “represent a group of finance professionals who are collectively creating this new investment landscape. They have their own unique story to tell, are driven to succeed on their own terms and, most importantly, are in charge of their own investment decisions.” For more details, see the digital brochure about the 2019 Future 50. As part of its efforts to provide unique news and information to inform professional investors — including financial advisors, wealth managers and fund selectors — Citywire tracks RIAs throughout the United States. The firm employs about 240 people and has offices in London, New York, Munich, Milan and Singapore.

“It was great to meet and learn from colleagues from other firms across the United States,” David said of the conference. “There are several ways to run this type of business, but the common thread all firms in attendance seemed to share was their focus on being client-centric. At the end of the day, relationships are key, and trust and integrity are the foundation on which they are built.”

“We also discussed the rapid pace of technology advancement in our industry and how it is providing simultaneously an opportunity and challenge to adapt and incorporate it in the business — and in an intelligent manner,” David added. “Among the tech projects Cardan has in the pipeline is development and launch of a mobile application that will allow our clients to access their account information even more easily.”

“Finally, Texas barbecue really is phenomenal!”

 

To be eligible for Future 50 RIA, firms must be registered by the Securities and Exchange Commission as a Registered Investment Advisors (RIA) and must have had between $250 million and $2 billion in Assets Under Management (AUM) at the end of 2018. Citywire had an open call, inviting RIAs to complete a survey. The Future 50 RIA is not designed to be a list of the biggest RIAs by AUM or those growing at the fastest rate. Citywire then used a proprietary scoring system to evaluate firms on their degree of independent ownership; AUM growth; percentage of fee-based business; approaches to sustainability, including sustainability programs and diversity initiatives; processes in place for attracting and maintaining talent; succession planning; staff credentials; investment offerings and capabilities; client education and charitable work; and firm service offerings.  Inclusion in the Citywire Future 50 may not be representative of any one client’s experience because the ranking reflects a quantitative and/or qualitative analysis of factors that did not include a sample of the experience of Cardan’s clients. The rating is not indicative of future performance. Cardan did not pay a fee to participate.

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