Wealth Management

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Further democratization of this historically closed asset class may be in the works.
The company has already brought on 20 firms through the ‘three for free’ program.
Ultra-high-net-worth clients account for more than half of the assets managed by Bernstein.
Most firms also increased tech headcount last year.
Overall, RIA deals dipped slightly last year but remained above pre-pandemic levels.
The company hopes its profit-sharing model and operations support will attract young and diverse advisors hoping to go independent.
Here’s what financial advisors should know.
Ten of the top 25 RIAs ranked by account values were based in California or New York.