Despite the fact that the biggest fee-only registered funding advisory companies collectively handle nearly $4 trillion in shopper belongings, almost each one in all them is technically a small enterprise.
Simply 4 fee-only RIAs out of greater than 5,500 that match Monetary Planning’s standards for the RIA Leaders rating, primarily based on an evaluation of Securities and Change Fee filings by knowledge accomplice FINTRX, have greater than 500 staff. Some of the generally cited elements of the U.S. Small Enterprise Administration’s definition of “small enterprise” applies that moniker to firms which have not more than 500 workers members.Â
